TLDR Oil Tokenomics:
- 3 token system (Brent, WTI, Dubai), each produced on different chains
- Not 1:1 redeemable
- 3 main bridges (Hormuz, Malacca, Suez) to move oil between chains. Hormuz is down
- Devs (OPEC, US) control mining rate + insider supply (SPR) + sanctions
Pew 77% of Americans have an unfavorable opinion of China (down from 81% in 2024), as of April 25.
So hawkish China but not China Trade, which is tough to square as far as policy goes.
AI Overwatch Act likely to face pushback by the President as China Trade Hawkishness is unpopular.
Chicago Council Survey: 54% oppose higher tariffs on Chinese imports, and 66% favor reducing tariffs in exchange for China reducing its trade deficit (July 25).
However…
Top moments from President Trump and Zohran Mamdani’s time in the Oval Office today.
7. Trump defends Mamdani from people calling him a ‘jihadist,’ says he is a rational person.
6. Trump defends Mamdani after reporter asked him why he didn’t take a train.
5. Trump says he is fine with Mamdani calling him a despot because people have said way worse.
4. Trump says he would feel comfortable living in NYC with Mamdani as mayor.
3. Trump slaps Mamdani on the arm and says he can go ahead and call him a fascist.
2. Trump commends Mamdani for retaining a great police commissioner.
1. Trump says Mamdani has a chance to Make New York City Great Again.
Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT
(TS: 12 Oct 12:43 ET)
China doesnt respond to tariffs with their own.
CHINA MOFCOM: regarding tariffs, China’s stance has been consistent. We do not want a fight, but we aren’t afraid to fight.
对于关税战,中方的立场是一贯的,我们不愿打,但也不怕打。