The Kobeissi Letter(@KobeissiLetter ):Over the last 24 hours: 1. Trump says tariffs on China won’t be as high as 145% and “will come down substantially" 2. Bessent says "de-escalation with China" is coming 3. WSJ reports that tariffs on China are set to drop to 50%-65% 4. Bessent says America "first does not mean America alone" 5. Bessent declines to comment on WSJ report in point #3 6. Bessent clarifies Trump is not offering a unilateral decrease in tariffs on China 7. Bessent says US-China trade deal will take 2 to 3 years The market's rollercoaster ride continues.

2025.04.23 15:43

Over the last 24 hours: 1. Trump says tariffs on China won’t be as high as 145% and “will come down substantially" 2. Bessent says "de-escalation with China" is coming 3. WSJ reports that tariffs on China are set to drop to 50%-65% 4. Bessent says America "first does not mean America alone" 5. Bessent declines to comment on WSJ report in point #3# 6. Bessent clarifies Trump is not offering a unilateral decrease in tariffs on China 7. Bessent says US-China trade deal will take 2 to 3 years The market's rollercoaster ride continues.