China will not win its tariff war with America.
China has 4 big weapons, from rare earths to dumping US treasuries. Every one hurts China more than it hurts us. https://t.co/JT155g6gwk
China has three options:
1. Concede defeat to whatever terms Trump demands
2. Devalue the yuan by 20-40%
3. Unleash biggest fiscal stimulus in its history (talking $2-3 trillion) which will push its debt off the chart
China executed four Canadians over drug-related convictions, Canada said, a development that threatens to worsen an already tense relationship. https://t.co/tH1UUkQj08