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China Declares Tariffs ‘Meaningless,’ Pivots to Targeting Boeing and Critical Minerals

China has declared an end to its tit-for-tat tariff responses to President Trump’s trade measures, dismissing further U.S. tariff increases as a “joke” that Beijing would “ignore.”

Instead, China is deploying a broader strategy targeting American businesses across multiple sectors. While Trump has raised tariffs on Chinese goods by up to 245%, China is now focusing on non-tariff restrictions.

These measures include tightening export controls on rare-earth minerals crucial for semiconductors and defense systems, launching antitrust investigations into American companies like Google and DuPont, and expanding its “unreliable entity” list that restricts U.S. firms from trading or investing in China.

In its latest significant move, Beijing ordered Chinese airlines to halt Boeing deliveries and stop purchasing aircraft parts from U.S. companies, further straining the already troubled American manufacturer.

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China’s central bank just recorded its largest single-month gold purchase since October 2023. The number is notable. The structural reason behind it — a 19-percentage-point reserve allocation gap that no short-term price move will close — is what every gold owner needs to understand.

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Two Inflation Numbers Come Out Every Month. The Fed Only Cares About One.

The Fed releases two inflation numbers every month — headline CPI and core CPI. They tell very different stories, and the Fed only acts on one of them. Here is what each measure captures, why the Fed leans on core PCE to set interest rates, and why that gap between what you pay and what the Fed watches matters for gold investors.

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