BESSENT'S WEEKEND DATE: NATO (NOT ADVANCED - TALK ONLY)
This publication understands more about what’s going on in trade relative to both the US and China combined.
This why today Bessent had to clarify China’s no action - talk only weekend date.
Yet, the market spiked higher for what?
Talking?
China’s NATO (No Action - Talk Only)
Bessent's comments are indeed generating significant market reactions. The perception that he "reads" China in a particular way will likely prove that China's approach this weekend amounts to NATO ("No Action, Talk Only").
It should be clear. Everyone is just wasting time away.
Because they think they are doing ‘art of the deal’.
There is no deal making with people that understand only one language.
This is not about ‘art of the deal’.
This is about ‘the art of war’.
The trade war is about winning so decisively-through strategy, disruption, and psychological advantage-that they cannot or will not challenge you again.
This is how you get the result you desire.
If you made the PRC richer over the last few months. What kind of deal do you expect?
If you keep pausing it's actually better for exporters.
You are just wasting your time.