Alice Han

about the future pathways more so than in any time since 2018 so that was the feeling on the ground obviously i would say in the last 24 hours we're seeing remarkable improvement and sentiment i would say because we now have a complete diminishing of the risk that was being held for chinese companies and as well as the chinese macro situation which was these exorbitant tariffs

So I would say I was struck by how confident China felt. And comparatively speaking, when I'm in the U.S., I would speak to my American counterparts. The reaction is very dismal on the ground. So it's been a tale of two very different stories.

So I would say I was struck by how confident China felt. And comparatively speaking, when I'm in the U.S., I would speak to my American counterparts. The reaction is very dismal on the ground. So it's been a tale of two very different stories.

So I would say I was struck by how confident China felt. And comparatively speaking, when I'm in the U.S., I would speak to my American counterparts. The reaction is very dismal on the ground. So it's been a tale of two very different stories.

I completely agree with you, Scott, even though I always like to be contrarian, especially in conversations with intelligent people like you and Ed. I would say that China has become James Dean in that film, Rebel Without a Cause. It won the game of chicken because it had escalation dominance and it had more political appetite to increase the tariffs. And Trump clearly didn't.

I completely agree with you, Scott, even though I always like to be contrarian, especially in conversations with intelligent people like you and Ed. I would say that China has become James Dean in that film, Rebel Without a Cause. It won the game of chicken because it had escalation dominance and it had more political appetite to increase the tariffs. And Trump clearly didn't.

I completely agree with you, Scott, even though I always like to be contrarian, especially in conversations with intelligent people like you and Ed. I would say that China has become James Dean in that film, Rebel Without a Cause. It won the game of chicken because it had escalation dominance and it had more political appetite to increase the tariffs. And Trump clearly didn't.

He had to listen to the Bill Ackmans, the billionaires of the world, who were reminding Trump not only was this going to hurt his base, but shelves would be completely empty. And I think that he caught on to that and he was very much convinced by that. So the Chinese, I think, feel very vindicated in their strategy, which was to do tit-for-tat tariffs, like-for-like.

He had to listen to the Bill Ackmans, the billionaires of the world, who were reminding Trump not only was this going to hurt his base, but shelves would be completely empty. And I think that he caught on to that and he was very much convinced by that. So the Chinese, I think, feel very vindicated in their strategy, which was to do tit-for-tat tariffs, like-for-like.

He had to listen to the Bill Ackmans, the billionaires of the world, who were reminding Trump not only was this going to hurt his base, but shelves would be completely empty. And I think that he caught on to that and he was very much convinced by that. So the Chinese, I think, feel very vindicated in their strategy, which was to do tit-for-tat tariffs, like-for-like.

And in the last 24 hours, that position has been successful for China. We've seen Trump obviously blink on these tariffs. And I could foresee even more negotiations downward if these fentanyl talks move swimmingly, which Besset, for instance, thinks they will.

And in the last 24 hours, that position has been successful for China. We've seen Trump obviously blink on these tariffs. And I could foresee even more negotiations downward if these fentanyl talks move swimmingly, which Besset, for instance, thinks they will.

And in the last 24 hours, that position has been successful for China. We've seen Trump obviously blink on these tariffs. And I could foresee even more negotiations downward if these fentanyl talks move swimmingly, which Besset, for instance, thinks they will.

wants a big beautiful deal. He was pen pals with Nixon back in the 80s. He admires the fact that Nixon went to China and made this big beautiful deal. So he ultimately wants to see a deal. The people around him, I would say Jameson Greer for instance, really cares about trade imbalances and market reciprocity. He will want to reduce the deficit.

wants a big beautiful deal. He was pen pals with Nixon back in the 80s. He admires the fact that Nixon went to China and made this big beautiful deal. So he ultimately wants to see a deal. The people around him, I would say Jameson Greer for instance, really cares about trade imbalances and market reciprocity. He will want to reduce the deficit.

wants a big beautiful deal. He was pen pals with Nixon back in the 80s. He admires the fact that Nixon went to China and made this big beautiful deal. So he ultimately wants to see a deal. The people around him, I would say Jameson Greer for instance, really cares about trade imbalances and market reciprocity. He will want to reduce the deficit.

He will want to increase segmental or sectoral specific tariffs on certain Chinese products, especially in dual use. or very tech competitive industries. I could see that happening up to 100% or more in some of these sectors. And similarly, he will want market reciprocity. Besant is in the same camp, I would say.

He will want to increase segmental or sectoral specific tariffs on certain Chinese products, especially in dual use. or very tech competitive industries. I could see that happening up to 100% or more in some of these sectors. And similarly, he will want market reciprocity. Besant is in the same camp, I would say.

He will want to increase segmental or sectoral specific tariffs on certain Chinese products, especially in dual use. or very tech competitive industries. I could see that happening up to 100% or more in some of these sectors. And similarly, he will want market reciprocity. Besant is in the same camp, I would say.

He would want to see China reducing its restrictions on foreign, especially American investments going into China. allowing more equal participation for U.S. investors in China, and similarly China buying more American products. So it's not a surprise that Besant said we had a great deal in phase one.