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The Kobeissi Letter
Here we go again:
Bessent now saying that President Trump has not offered to take down US tariffs on China on a unilateral basis.
The ball is in China's court and Bessent just said it will take 2-3 years to reach a deal.
How does China respond now? https://t.co/ZM5OhRGXUY
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Here we go again:
Bessent now saying that President Trump has not offered to take down US tariffs on China on a unilateral basis.
The ball is in China's court and Bessent just said it will take 2-3 years to reach a deal.
How does China respond now? https://t.co/ZM5OhRGXUY
tweet
The Kobeissi Letter
Over the last 24 hours:
1. Trump says tariffs on China won’t be as high as 145% and “will come down substantially"
2. Bessent says "de-escalation with China" is coming
3. WSJ reports that tariffs on China are set to drop to 50%-65%
4. Bessent says America "first does not mean America alone"
5. Bessent declines to comment on WSJ report in point #3
6. Bessent clarifies Trump is not offering a unilateral decrease in tariffs on China
7. Bessent says US-China trade deal will take 2 to 3 years
The market's rollercoaster ride continues.
tweet
Over the last 24 hours:
1. Trump says tariffs on China won’t be as high as 145% and “will come down substantially"
2. Bessent says "de-escalation with China" is coming
3. WSJ reports that tariffs on China are set to drop to 50%-65%
4. Bessent says America "first does not mean America alone"
5. Bessent declines to comment on WSJ report in point #3
6. Bessent clarifies Trump is not offering a unilateral decrease in tariffs on China
7. Bessent says US-China trade deal will take 2 to 3 years
The market's rollercoaster ride continues.
tweet
Offshore
Photo
The Kobeissi Letter
And, we are back:
The S&P 500 is now down -100 points from its high of the day as Bessent says Trump has not offered to take down tariffs on China on a unilateral basis.
Bessent has also declined to comment on a WSJ report that claimed tariffs would fall from 145% to 50%-65%.
More conflicting headlines are likely coming next.
tweet
And, we are back:
The S&P 500 is now down -100 points from its high of the day as Bessent says Trump has not offered to take down tariffs on China on a unilateral basis.
Bessent has also declined to comment on a WSJ report that claimed tariffs would fall from 145% to 50%-65%.
More conflicting headlines are likely coming next.
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: The S&P 500 is now up just +70 points on the day.
Just one hour ago, the index was up over +180 points.
No position is “safe” in this market. https://t.co/u9cIZtzQuh
tweet
BREAKING: The S&P 500 is now up just +70 points on the day.
Just one hour ago, the index was up over +180 points.
No position is “safe” in this market. https://t.co/u9cIZtzQuh
tweet
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Where were you on the day Bitcoin was born, Dad?
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Where were you on the day Bitcoin was born, Dad?
Zombie Mod Maps - Counter-Strike 1.6 (2004–2005) https://t.co/jzt8KVKhHt tweet
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RT @TheRoyalSerf: https://t.co/LUZd1CnjEX
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RT @TheRoyalSerf: https://t.co/LUZd1CnjEX
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