Rolfs länktips 10 april 2025; Trump, Svantesson och Kina

The enemy of your enemy isn’t always your friend.

Bloomberg 10 april 2025

https://www.bloomberg.com/opinion/articles/2025-04-10/trump-tariffs-a-europe-china-axis-would-be-a-dead-end

Kina och EU håller toppmöte i juli

https://www.di.se/live/kina-och-eu-haller-toppmote-i-juli/

DI 10 april

Kina är redo för en dialog med USA,

men den måste baseras på ömsesidig respekt och jämställdhet. Det uppgav Kinas handelsdepartement på torsdagen

DI 10 april 2025, 10:05

https://www.di.se/live/kina-redo-for-dialog-med-usa/

In the turmoil touched off by a trade war, the U.S. is no longer seen as safe.

As of last June, foreigners held $7 trillion of Treasury bonds. The federal budget deficit is running at around $2 trillion a year

So the U.S. needs foreigners to keep rolling over the bonds they hold, and buying new ones. Even a small pullback would cause yields to jump.

https://englundmacro.blogspot.com/2025/04/if-dollar-no-longer-rules-world-global.html

Ray Dalio says there’s a formula for President Donald Trump to be successful in a trade negotiation with China.

A deal should be reached that would appreciate the Chinese renminbi vs. the dollar.

This would be achieved by China selling dollar assets while easing their fiscal and monetary policies to stimulate demand.

https://englundmacro.blogspot.com/2023/01/ray-dalio-apparently-stands-on.html

As the U.S. imported more goods from abroad and domestic factories closed, its goods trade deficit swelled to a record $1.21 trillion by 2024.

At the same time, the U.S. services trade surplus grew to $295 billion last year

https://englundmacro.blogspot.com/2025/04/the-greatest-issue-concerns-dollar.html

För en svensk finansminister finns möjlighet att skriva in sig i historieböckerna. Om det blir som Anders Borg eller Anne Wibble återstår att se.

https://englundmacro.blogspot.com/2025/04/elisabeth-svantesson-anders-borg-eller.html

Was it the 10-year yield that forced Trump to take a step back?

Plötsligt känner sig Donald Trumps motparter som vinnare, trots att resultatet är betydligt sämre än utgångsläget.

https://englundmacro.blogspot.com/2025/04/despite-his-denials-was-it-10-year.html

Spain’s Premier Sanchez said his country considers the decision to impose the tariffs as “unjustified, unjust and harmful for everybody.”

Says US Tariff Pause Opens Door to Bargaining

https://www.bloomberg.com/news/articles/2025-04-10/spanish-pm-sanchez-says-us-tariff-pause-opens-door-to-bargaining

EU pausar införandet av sina mottullar mot de amerikanska ståltullarna efter beskedet att Donald Trump nu infört en 90 dagar lång paus på de amerikanska tullarna

https://www.di.se/live/eu-pausar-hamndtullar-mot-usa-i-90-dagar/

Neoliberalism Looks Pretty Good Right Now, Doesn’t It?

I am a proud neoliberal, and after President Donald Trump’s tariffs destroy what is left of the post-neoliberal world order, neoliberalism itself will be due for a comeback.

Allison Schrager Bloomberg 10 april 2025 at 11:10 CEST

https://englundmacro.blogspot.com/2024/12/the-oxford-curriculum-allison-schrager.html