Fears for China on US tariffs are overblown

Bloomberg (gated) interview with Robert Friedland, the founding father of Ivanhoe Mines.

In short:

• China “exports to the US are a lot decrease than they have been within the first Trump administration. So that they have lots much less sensitivity to tariffs within the US than seven or eight years in the past.”
• “China remains to be taking various steps to stimulate client demand to form of do away with its issues with native authorities debt, and I believe over a three- to five-year time period China nonetheless appears very stable”

The most recent out China appears to be an instance of different steps China can take – this could, on the margin, stimulate home demand:

• China plans additional cuts to accommodate shopping for taxes to spice up property sector

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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