And he moves

The future is being traded on the stock exchange – and the celebration of the announcement of Donald Trumpto grant most of the American trading partners a customs break of 90 days. Apparently the US President gradually sees that he also harms his own country with his aggressive customs policy. The pension of millions of Americans is in large pension funds that manage several trillion dollars and whose depots have melted together in the past few days like the last snow residues in the Rocky Mountains.

However, the conflict with China remains an open flank – on both sides. US corporations such as Apple, Tesla, Intel or Nike have large parts of their production in China manufactured and now also suffer from the customs regime of their president, who has now drastically increased the tariffs for China. So far, they have benefited from the cost advantages in China and the established supply chains, now they have to rethink their dependencies. Apple, for example, has had aircraft full of iPhones from China in the past few days USA skillfully to fill the camps there before the imported of imports.

Beijing harms himself with his counter -tariffs

At the same time, however, China will also have to question his strategy self -critically. With its high counter -tariffs and the mass sales of American government bonds, the government in Beijing has continued to escalate the conflict. How long does the regime keep through this confrontation? Unclear. China has much more to lose than the USA – a step on Trump would not only have de -escalating effect on the mutual trade relationships, but also for the big rest of the global economy.