News Snapshot:
Dimon also highlighted US-China tensions as a threat to the global order, as well as China’s economic health. G7 nations last month endorsed the Biden administration’s push to “de-risk” from China which involves cutting its access to key technology like semiconductors and breaking its monopoly on critical minerals. ”It is a more or less coherent policy, as long as the risk that is being hedged against is political coercion. But it begins to fall apart if the risk is an actual war between the US and China, perhaps over Taiwan,” commentator Gideon Rachman wrote in the Financial Times this week....
