The US president knew he needed to drop neutron bombs to shock his counterparties out of their stubborn stupor.
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April has been one of those classically confusing periods that has nonetheless presented investors with unusually attractive opportunities.
The precisely incorrect positioning was to be super long risky assets coming into April and then divesting, or exiting, these exposures during the first half of the month at the height of the trade war hysteria.
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Original URL: https://www.afr.com/policy/economy/trump-s-shock-and-awe-approach-to-china-is-working-20250423-p5ltoc
