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@ Peter Alexander
2025-06-09 04:40:06
Here’s a data point to explain why the Trump team scrambled to arrange the meeting with the Chinese in Geneva the other week. Exports to the US from #China cratered!!! Down 34% for the month of May.
Just-in-time inventory zealots faced empty shelves and, with it, corporate America understood that they’d all be eviscerated on social media. If you thought the shortage of eggs proved problematic for the Biden administration, what would happen to Trump if hundreds of staple consumer goods all but vanished from the shelves at Walmart or CostCo.
I can share the here locally, in China, the manufacturing engine is running at max speed. Both buyers and their local agents are working 24/7 with the concern being that the 145% tariffs will suddenly reappear. And ironically, the Chinese suppliers are charging a premium. They are making money hand over fist.
https://www.cnbc.com/2025/06/09/china-may-trade-data-exports-imports-after-tariff-ceasefire-.html