Analysis: Xi Jinping cannot afford to give in
If Donald Trump's threat of over 100 percent tariffs on China becomes reality, it would mean the end of the trade relationship between the countries. But despite that, China is the only country in the world that chooses to take the fight to the United States, writes Sky News Helen-Ann Smith in an analysis.
And they have a couple of aces up their sleeve. Among other things, restricting the export of rare earth metals that are important for the production of tech products or raising tariffs on American agricultural goods, writes Smith.
But Xi Jinping has a dilemma. Giving up and looking weak is not an option, but fighting back again risks further escalation with the country's largest trading partner, write David Pierson and Berry Wang in an analysis.
"The Chinese leader has portrayed himself as a national savior who is reviving his country's greatness. As a result, Beijing has less flexibility to back down from a conflict with Washington," they write.
Ackman supports Trump – but wants to postpone the tariffs
Bill Ackman supports President Donald Trump's tariff policy. He writes this on the X platform.
However, the hedge fund billionaire suggests that the introduction of the tariffs be postponed by 30, 60 or 90 days to give time to complete negotiations.
"In this way, we can avoid a serious global economic disruption that risks affecting the country's most vulnerable companies and citizens."
If Donald Trump's threat of over 100 percent tariffs on China becomes reality, it would mean the end of the trade relationship between the countries. But despite that, China is the only country in the world that chooses to take the fight to the United States, writes Sky News Helen-Ann Smith in an analysis.
And they have a couple of aces up their sleeve. Among other things, restricting the export of rare earth metals that are important for the production of tech products or raising tariffs on American agricultural goods, writes Smith.
But Xi Jinping has a dilemma. Giving up and looking weak is not an option, but fighting back again risks further escalation with the country's largest trading partner, write David Pierson and Berry Wang in an analysis.
"The Chinese leader has portrayed himself as a national savior who is reviving his country's greatness. As a result, Beijing has less flexibility to back down from a conflict with Washington," they write.
Ackman supports Trump – but wants to postpone the tariffs
Bill Ackman supports President Donald Trump's tariff policy. He writes this on the X platform.
However, the hedge fund billionaire suggests that the introduction of the tariffs be postponed by 30, 60 or 90 days to give time to complete negotiations.
"In this way, we can avoid a serious global economic disruption that risks affecting the country's most vulnerable companies and citizens."
Musk: "Trump advisor is dumber than a sack of bricks"
The argument between Elon Musk and Donald Trump's trade advisor Peter Navarro escalates.
"Navarro is really an idiot. What he says here is demonstrably false," Elon Musk responds to a clip on X in which Navarro claims that Musk is a car mechanic.
The justification is that Musk is only collecting parts from different countries in the world instead of manufacturing everything in the United States.
"Tesla has the most American-made cars. Navarro is dumber than a sack of bricks," he wrote in a separate post.
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