(no subject)

[timelets]

The US tariffs on China have been really good for Bitcoin and the correlation might not be accidental because small importers are looking for non-dollar denominated payment methods. Also, in a recent private conversation somebody mentioned to me that Malaysian intermediaries are booming. A proxy firm buys a newly taxed product from a supplier in China and sells it to the existing customer in the US. Since shipping routes don't change and everything is done electronically, transaction costs are minimal. I bet the same trick is behind a sudden rise of Vietnamese exports to the US.

BTW, this statement by the so-called-president is pure gibberish, not standard bullshit. He can't even articulate coherently the garbage economics Navarro is feeding him.