Part 8/15:
President Biden has imposed tariffs on key Chinese imports—steel, aluminum, semi-conductors, EVs, and solar panels—potentially disrupting existing global supply chains. Ironically, the US continues to import semiconductors from China, highlighting the complex interdependencies in global trade.
China, meanwhile, is on the brink of issuing $138 billion worth of long-term sovereign bonds to support its debt-laden economy, which is approaching a debt-to-GDP ratio near 300%. This aggressive liquidity injection could stimulate Chinese stocks and other assets, potentially triggering spillover effects worldwide.