John Ruich

Yes, there absolutely will be pain from these tariffs and from the retaliation, you know. And that actually sorted the point, according to Guo Shan, who is a partner at the Beijing-based research firm Hutong Research. She says tariffs are basically so high now that meaningful negotiations are impossible until one side or the other cries uncle in caves.

Yes, there absolutely will be pain from these tariffs and from the retaliation, you know. And that actually sorted the point, according to Guo Shan, who is a partner at the Beijing-based research firm Hutong Research. She says tariffs are basically so high now that meaningful negotiations are impossible until one side or the other cries uncle in caves.

Yes, there absolutely will be pain from these tariffs and from the retaliation, you know. And that actually sorted the point, according to Guo Shan, who is a partner at the Beijing-based research firm Hutong Research. She says tariffs are basically so high now that meaningful negotiations are impossible until one side or the other cries uncle in caves.

Escalate to de-escalate is what's happening. She says Beijing has been preparing for this since the first trade war back in 2018. And leadership's confident. You know, China's been doubling down on policies to strengthen its self-sufficiency. Policymakers feel like they have a lot of ammunition for economic stimulus if they should need it. The currency's been allowed to weaken.

Escalate to de-escalate is what's happening. She says Beijing has been preparing for this since the first trade war back in 2018. And leadership's confident. You know, China's been doubling down on policies to strengthen its self-sufficiency. Policymakers feel like they have a lot of ammunition for economic stimulus if they should need it. The currency's been allowed to weaken.

Escalate to de-escalate is what's happening. She says Beijing has been preparing for this since the first trade war back in 2018. And leadership's confident. You know, China's been doubling down on policies to strengthen its self-sufficiency. Policymakers feel like they have a lot of ammunition for economic stimulus if they should need it. The currency's been allowed to weaken.

The government's been propping up share prices, et cetera, et cetera. So China's been expanding its trade also with diplomatic and diplomatic relations with other countries.

The government's been propping up share prices, et cetera, et cetera. So China's been expanding its trade also with diplomatic and diplomatic relations with other countries.

The government's been propping up share prices, et cetera, et cetera. So China's been expanding its trade also with diplomatic and diplomatic relations with other countries.

Well, Asian stocks fell sharply today. Some governments in the region are trying to position their economies to cushion the blow. India, for instance, cut benchmark interest rates today. Governments haven't said a whole lot. They're working quietly, trying to negotiate to get these tariffs lowered or dropped.

Well, Asian stocks fell sharply today. Some governments in the region are trying to position their economies to cushion the blow. India, for instance, cut benchmark interest rates today. Governments haven't said a whole lot. They're working quietly, trying to negotiate to get these tariffs lowered or dropped.

Well, Asian stocks fell sharply today. Some governments in the region are trying to position their economies to cushion the blow. India, for instance, cut benchmark interest rates today. Governments haven't said a whole lot. They're working quietly, trying to negotiate to get these tariffs lowered or dropped.

Well, the fallout in markets has been far and wide. You know, some of the countries that are hardest hit by the tariffs and actually that are most dependent on trade with the U.S. are in Asia. And we saw a broad sell off here from Hong Kong and China to South Korea, all the way down to Southeast Asia. Markets were down.

Well, the fallout in markets has been far and wide. You know, some of the countries that are hardest hit by the tariffs and actually that are most dependent on trade with the U.S. are in Asia. And we saw a broad sell off here from Hong Kong and China to South Korea, all the way down to Southeast Asia. Markets were down.

Well, the fallout in markets has been far and wide. You know, some of the countries that are hardest hit by the tariffs and actually that are most dependent on trade with the U.S. are in Asia. And we saw a broad sell off here from Hong Kong and China to South Korea, all the way down to Southeast Asia. Markets were down.

Trump put a 24 percent tariff on Japanese goods, which apparently surprised markets there. The Nikkei 225 dropped close to 3 percent today. In Vietnam, which has been a huge beneficiary of U.S.-China trade friction as manufacturers have moved south of the border, Trump hit it with one of the highest tariff rates, 46 percent.

Trump put a 24 percent tariff on Japanese goods, which apparently surprised markets there. The Nikkei 225 dropped close to 3 percent today. In Vietnam, which has been a huge beneficiary of U.S.-China trade friction as manufacturers have moved south of the border, Trump hit it with one of the highest tariff rates, 46 percent.

Trump put a 24 percent tariff on Japanese goods, which apparently surprised markets there. The Nikkei 225 dropped close to 3 percent today. In Vietnam, which has been a huge beneficiary of U.S.-China trade friction as manufacturers have moved south of the border, Trump hit it with one of the highest tariff rates, 46 percent.

And the country's Ho Chi Minh stock index shed nearly 7 percent on the day. In Europe, it seems to be a similar story of selling. You know, economists are recalibrating their expectations now and investors are just nervous.

And the country's Ho Chi Minh stock index shed nearly 7 percent on the day. In Europe, it seems to be a similar story of selling. You know, economists are recalibrating their expectations now and investors are just nervous.