On Reckonings For China & The UK

US/China trade-war brinkmanship has reached the brink: China’s President Xi hasn’t budged on the rare-earth-minerals export controls that will severely curtail the world’s ability to produce electronics. Numerous nations think China has gone too far this time, William reports, and are joining forces to formulate a solution. But China’s trade strategy may backfire on it if a reputation for petulant law-making drives away foreign companies. … Also: The UK economy is struggling with high inflation, weak domestic demand, and rising risks of a hard landing. Some fear a debt reckoning as the UK bond market reacts to mounting signs of distress in credit markets.