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

Geopolitical & Economic Strategy - China's actions, including enhanced export controls, suggest a long-term plan for maximum leverage against the US [2] - China aims to break the US chokehold on critical minerals, indicating a strategic focus on resource control [4] - China's increased gold holdings may be intended to back its currency and diversify away from the US dollar [6] - China is asserting its role in the world and demonstrating its ability to challenge the US, which has long-term diplomatic implications [8] Trade & Tariffs - Existing tariffs, specifically the IEPA fentanyl tariffs at 20%, are a point of contention for China [7] - China may be trying to maximize leverage in trade negotiations with the US, potentially related to a meeting on the margins of APAC [6] - China desires the removal of export controls, particularly those affecting access to advanced chips [7] Sector-Specific Impact - China's policies could significantly impact sectors dependent on upstream supply chains, such as the chip industry [3]