Brad Setser@Brad_SetserChinese concessions (beans purchases, pause on rare earth export controls) were telegraphed in advance. US concessions seem to include -cutting the term 2 tariff on China from 30% to 20% (= to most of emerging Asia) -dropping the shipping 301 -[welcoming investment?] 1/2Opens with an observation
Brad Setser@Brad_SetserGreat story in the New York Times highlighting the difficulties that the US government has faced in getting the world's most profitable companies to take supply chain security seriously, and reduce their exposure to a crisis in the Taiwan straights 1/Opens with an observation
Brad Setser@Brad_SetserMicrosoft, per its 10K, paid more in tax in fiscal 2025 in Dublin (Ireland) than in DC ... Nice when a talking point checks out 1/Opens with a number