As long as the bond yield inch towards 5%, the White House will fold.
An example is today’s tarrifs exemption on smartphones, computers and chip makers. One of the significant exports of China is exempted.
Now I have a personal opinion that Trump will fold & cover his bluff if the yields go to 5%. Basically, he’ll pause or remove/reduce all the tarrifs from China too.
And did I say how $ is getting sold off by all the countries out there, Europeans mass canceling their US travel plans, China granting visas to >85,000 Indians so far this year & gold hitting record highs?
All eyes on USA Bond Yields.
