Introduction:

In today’s episode, we unpack the latest developments shaking global markets and trade relations. First, China has responded to US port fees by imposing matching charges on American vessels, leveraging its dominant 53.3% share in shipbuilding compared to the US's 0.1%. We explore why this symmetric retaliation escalates tensions dangerously and what it means for shipping profits and trade routes. Next, a staggering $770 billion tech sell-off follows President Trump’s threat of 100% tariffs on Chinese goods, sending the Nasdaq down 3.6%—its worst day since April. We analyze how tech’s extreme market concentration turned this tariff threat into systemic risk, with serious implications for the AI boom and the Federal Reserve’s inflation battle. Finally, Bitcoin’s recent surge has created 70,000 new millionaires, fueling a $145 billion consumption boom that complicates the Fed’s efforts to control inflation. We dive into how this crypto wealth effect is spilling over into real estate and why potential mortgage rule changes could reshape US credit markets.

Content and Timestamp:

00:00:41 China Retaliates with Port Fees on US Ships, Escalating Trade Tensions

00:05:20 Tech Megacaps Lose Billions Amid Trump's China Tariff Threats

00:11:40 Crypto Millionaires: How a New Wave of Wealth is Reshaping Spending Habits

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