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It’s Going So Well

Arnaud Bertrand:

In matters of geopolitics, failures hardly ever get clearer than this. A mere 3 weeks ago, Scott Bessent’s stated objective for the tariffs was to use them to get Japan to agree to a “grand encirclement” strategy to isolate China . Fast forward to today:

In other words, a policy intended to isolate China is achieving the exact opposite outcome and isolating the United States instead.

Aaaaand:

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