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Before trade war
China on us tarrif 0%
Us on china tarrif 20%
Trump starts welding everyone into a trade war induced economic heart attack. Supply chain breaks, financing chain breaks, something in usd bond market snaps. Uturns on europe via russia threat. Ask for gibs. Fries japan and korea re export economy, ask for gibs. Both regions reorients toward china. Truth social random paragraphs 12 hours a day non stop. Pivots to india, promise india all industry and investments if they symbolically sign trade deal and prop up usd. India does 9/11 to attack pakistan right after apple announcement to move production there. India loses 60 billion dollars worth of aircraft within a week, ask us for guarantee. Uk signs a deal to deal to "lower import tax on usa steel". They dont buy usa steel. Trump ropes in china for trade talks after one month. 90 day pause.
Now
China on us tarrif 10%
Us on china tarrif 30%
What did we learn here?