US-India Relations & Tariffs - The US imposed a 50% tariff on a US ally (India) for purchasing Russian oil [1] - India faces a 25% tariff on all its goods, plus an additional 25% for trading oil with Russia [3] - The Indian leadership signals a search for alternatives due to perceived unreliability of the US [4] - A short-term deal with India would signal India as a possible "China plus one" destination [15] - A quick deal with India, removing the 25% tariff, would greatly benefit the India-US relationship [16] India's Stance & Alternatives - India is perceived as confused regarding its relationship with the US [3] - India is signaling it may seek closer ties with countries the US considers adversaries [4] - India doesn't gain much from buying Russian oil; before the war, it accounted for about 2% of Indian purchases [7] - India has largely adhered to the $60 per barrel price cap on Russian oil [8] Diplomacy & Potential Resolutions - Diplomacy, rather than direct tariffs, would have been a more effective approach [10] - Back channel discussions are hoped to be underway to reverse the 50% tariffs [11] - If the US requests India to stop buying Russian oil through back channels, India would likely comply [9] - A potential deal with India could involve India slowing down or terminating purchases of Russian oil [16]

Cryptocurrency Market - Eric Trump 称中国为加密货币领域的“强大力量”[1] - Eric Trump 坚持其 1 million 美元的比特币价格预测[1]

China’s next military parade will say little about its readiness for war, given its lack of combat experience. And in many ways, the spectacle will reflect some of its greatest weaknesses https://t.co/ctA5s1ptBp ...

Eric Trump, the son of US President Donald Trump, called China “a hell of a power” in crypto even though the nation has largely banned digital-token trading since 2021 https://t.co/5Cekt1nxya ...

Geopolitical Risk - China questions Europe's plan to reimpose sanctions on Iran regarding its nuclear program [1] - Industry warns that such actions could potentially worsen the situation [1]

China’s stockmarket seems, at times, to be defying gravity. The rally may soon connect with reality https://t.co/ROhfk76FKF ...

Industry Focus - China's booze business is facing significant challenges [1] Media Mention - "Drum Tower" podcast discusses the reasons behind the downturn in China's alcohol industry [1]

Supersized offshore wind turbines are helping China extend its clean energy lead, even as rising costs and political opposition hold back projects in Europe, the US and Japan. https://t.co/EKaVgUsELs ...

At the moment, we're seeing Chinese rivals gain on the back of this lack of in video competition right now. What do you make of it. Well, all I know is we're going to have to figure out there's a long race here and a short race here.And we have to secure not only our global leadership, but also our intellectual property. And that's really some of the underpinning of the discussions here of is there a 15%, is there not a 15%. What does this mean from an export control.So a lot more to come on this, but obvio ...

Nvidia, as you may know by now, reporting that top and bottom line beat for the second quarter, though surprising the street with this narrow miss on data center revenue and a forecast of decelerating growth. For today's tech, our Christina parts looks at the China overhang on that print last night. Hey KP.>> Hi. Okay. Well, Nvidia's Jensen Wong is pushing what what Bush's Matt Bryson calls quote GPU panda diplomacy, which is really borrowing from China's famous strategy of using cuddly pandas as diplomatic ...