Kyle Bass: The US-China trade agreement was a “deal with the devil”

Geopolitical & Economic Concerns - The West's continued business dealings with Hong Kong and China post the alleged corruption of Hong Kong's judiciary and violation of international declarations may lead to future repercussions [1] - The Nvidia deal is characterized as a "hostage exchange" involving rare earth magnets and Nvidia's H2O chips [2] Trade Agreement Risks - US companies entering licensing agreements with Chinese rare earth magnet suppliers are required to disclose sensitive production data, potentially compromising competitive advantage [3] - The unrestricted flow of chips to China may enable the Chinese People's Liberation Army to advance AI development for military applications, posing a threat to US interests [3] - The Nvidia deal is viewed as a risky agreement with potentially detrimental long-term consequences [3]