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Yes, Scott, Trump’s Scared Of The Stock Market
The Trump administration's not going to let a stock market decline get in the way of doing what's in
“won’t negotiate if the stock markets going down” That’s an admission more than a declaration. Maybe he should have added “because that’s what we do doesn’t mean we always will”
Boy, I can think of no more momentous and terrifying economic weapon than a ban on imported Chinese cooking oil . . . laughable.
Perhaps a ban on Chinese 5 spice?
Well, to be fair, he said the US might “terminat[e] business with China having to do with Cooking Oil.” (Emphasis mine.) So, that could encompass anything even associated with Chinese cooking oil, which I suppose means all Chinese food. Maybe we’re going to ban Chinese restaurants.
He’ll just force DoorDash to change their Chinese food category to “Freedom food”.
Considering China controls 90% of rare earths and 70% of the refining capacity of those rare earths, and any catch up in the mining/refining part will take decades, not sure the US is in the best bargaining position. But weaponizing cooking oil is a strong opening bid. Not.
Krugman sugests that China is using bitcoin to pressure Trump.
https://paulkrugman.substack.com/p/how-crypto-became-a-trump-trade