The uncertain tariff situation with the United States seems to have impelled Beijing to reach out to other regions of the world, most pointedly Latin America.
Though Beijing would like to see the yuan supplant the dollar as the world’s premier international currency, China’s currency faces a steep uphill battle.
After a surge in American buying in China to beat the tariffs before they took effect, the shipping news in April and May reveals the significant downside.
For the sake of democracy, user privacy, and U.S. research and development, Washington should tread carefully when using antitrust laws against big tech.
Secretary Bessent pointed out that retail trading has been light since the tariffs were announced and that the volatility was primarily institutional in nature.