[[[[[ Over decades, Beijing has spent billions to support the growth of China’s manufacturing industry. Today, the country makes nearly one of every three physical products in the world — more than the United States, Germany, Japan, South Korea and Britain combined.The U.S. has become so reliant on China that it would have trouble celebrating its own national holiday without it. The vast majority of fireworks are imported from China. ]]]]]
There will be no quick, efficient, beneficial decoupling from China for America in which Trump keeps his election promises to America … and without tariff increases it is unlikely Congress will pass Trump’s Big, Beautiful Tax Cut Bill.
A long, at times volatile sideways drift is the absolute best that can be hoped for US markets in the mid term imo.
