Stock market jitters are justified given China tariffs: Longview Global's McNeal

Group 1 - The current geopolitical climate is more concerning than before, with China seemingly willing to provoke the US and leverage its position [1][2] - China has announced enhanced export controls, indicating a long-term strategy that has been in place for about five years, which could significantly impact sectors reliant on chip production [2][3] - There is a pressing need to address China's dominance in the critical mineral space, which is essential for various industries [4] Group 2 - China's recent military maneuvers, such as naval vessels cruising near Japan, suggest a more aggressive stance in the region [5] - The movement in gold prices reflects China's diversification away from the US, as it holds a significant amount of gold, which supports its currency [6] - China is frustrated with the ongoing 20% tariffs on fentanyl and is seeking to negotiate the removal of export controls on advanced chips, indicating a desire for short-term access to technology [7] Group 3 - Long-term, China aims to assert its role on the global stage and demonstrate that it can compete with the US, which has diplomatic implications [8]