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Cake day: August 4th, 2023

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  • I agree with your logic and analysis.

    However the non-tangibles here are pretty staggering - Russia is hugely dependent on China and India for exports (basically oil and gas) to raise cash and foreign currency. It also needs high tech goods from China - China provides drones, cars, bikes, clothes and more to support the invasion. And critically a lot of electronics, including those under sanctions being smuggled from the West.

    Placing tariffs on China sends a strong negative message to China - it’s a real slap in the face that will invite a pretty nasty punch back again.

    What on earth motivated this?