China Votes Trump 2020
Thursday, November 7, 2019
The fentanyl busts confirm China has lined up with Trump against Elizabeth Warren.
Today’s announcement of Chinese execution and incarceration of fentanyl smugglers, following a joint US/Chinese investigation, is another Chinese political gift to Trump. It confirms that China has reversed its outlast-Trump strategy, and is now actively working for his re-election. That is seen as a better alternative to an anti-China wild-card Warren, or an angry Trump is he is re-elected over Chinese opposition. China has announced agreement with the US to roll back “additional” tariffs as part of a “Phase 1” deal, making such a deal highly likely at this point. Yuan is trading stronger than 7 for the first time since early August, indicating market ratification that the crisis has passed, and that a deal is forthcoming.