US-China Trade War In the Open Now
A Timeline Summary of Events
A Timeline Summary of Events
Trump Invests in American Exceptionalism…
It began with Donald Trump unveiling plans for hundreds of billions of dollars to bolster American industries, positioning the nation to dominate the 21st-century equivalent of the Space Race.1
But the optimism didn’t last long…
News broke that Chinese AI chatbot DeepSeek had surpassed its American competitors, becoming the most downloaded free app on Apple’s US app store.
Markets responded swiftly…
US stocks tumbled on Monday. The S&P 500 fell by over 1.5%, while the NASDAQ plunged more than 3%. The Utilities sector of the S&P 500 was hit particularly hard, down 2.3%.
Investors quickly re-evaluated…
The narrative shifted. NVIDIA’s expensive GPUs might not be as indispensable for AI as previously assumed. Rich valuations of AI-adjacent tech leaders came under scrutiny, and the expectation of an energy-intensive AI revolution began to falter.
The fallout was significant…
NVIDIA’s stock plummeted by 17%, wiping out $589 billion in market value in one day—a record for single-session value destruction in a single company.
Markets performance from Monday to current time…
The US government moved to counter…
Treasury Secretary Scott Bessent is advocating for graduated universal tariffs, starting at 2.5% and rising monthly, potentially reaching 20%. Canada and Mexico may face tariffs as high as 25% as soon as next week. Trump himself announced imminent tariffs targeting foreign computer chips, pharmaceuticals, steel, aluminum, and copper.
The New Reality Could Be Harsh
The trade war has escalated. America’s neighbors are feeling the pressure first, as the Trump administration readies itself for the ultimate economic confrontation with China. Smaller local victories Trump feels will be fuel for the bigger fight ahead
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https://apnews.com/article/trump-ai-openai-oracle-softbank-son-altman-ellison-be261f8a8ee07a0623d4170397348c41
PS Can't we agree that everything that comes out of the mouths of CCP, I mean PRC is complete and udder (intentional) BULLSHIT? I wonder how many shorts were placed into the market last week for NVDA, TI, and other related stocks. Screw them. Learn to live without $1.25 stores. BIG problem? They cut off supplies of all the meds we are fed to keep sane, forget about Tantalum. How about no SSRI's or Tranqs? https://www.insidermonkey.com/blog/top-5-medicine-producing-countries-in-the-world-1162493/?singlepage=1
Wanna use "DeepSeek?" https://www.forbes.com/sites/maryroeloffs/2025/01/27/does-deepseek-censor-its-answers-we-asked-5-questions-on-sensitive-china-topics/ Does the CCP need MOAR of our info?