I'm not sure I'd see the 90 day 'reprieve' as anything more than kicking the problem can down the road.
Tronald Dump has upset many (including Xi) who are feverishly re-assessing their USA supply alternatives. Brazil is certainly making a play for the soy bean piece so that's around USD13bn that US farmers are not likely to receive; Argentina too is kicking in and I think I read Beijing is looking to make substantial infrastructure investment in Brazil to 'unlog' the ports...
Baidu is looking to launch driverless vehicles throughout out Europe as Europe edges closer to the Chinese.
The orange wombat's trashing of NATO too has mobilised Europe to explore alternate supply (in and outbound) chains other than US.
Possibly the French are cuddling Marles suggesting alternates to AUKUS...
In short, has the Orange Wombat stepped out too far ... I think he has!
Have a great day
MGX Price at posting:
30.8¢ Sentiment: Hold Disclosure: Held
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