RE: Another dip?13 May 2026 13:48
I'm not American and cannot support Trump with my vote. I say that to disclaim my political views on whether he's good or bad etc... You dismiss the guy at your portfolio's peril. He has accomplished so much this term from a purely business point of view. And that should be the sole focus of an investor. Well, I speak for myself. I look at him purely from an investor's lens. This China visit is monumentally important and history books may well refer to this week as the summit that shaped the 21st century.
Just look at the line up:
President Trump is currently flying to China with all of the following people to request "deals" with China's President Xi:
1. Elon Musk, Tesla and SpaceX CEO
2. Jensen Huang, Nvidia CEO
3. Tim Cook, Apple CEO
4. Larry Fink, BlackRock CEO
5. Stephen Schwarzman, Blackstone CEO
6. Kelly Ortberg, Boeing CEO
7. Brian Sikes, Cargill CEO
8. Jane Fraser, Citigroup CEO
9. Larry Culp, General Electric CEO
10. David Solomon, Goldman Sachs CEO
11. Sanjay Mehrotra, Micron CEO
12. Cristiano Amon, Qualcomm CEO
Trump will do extremely important deals with China. That's what he does. And this time he's not flanked by embedded saboteurs like Bolton etc.
- Taiwan is gone. Not overnight of course but alla Hong Kong. That stupid game is over starting this week.
- Chips, REEs and Critical Minerals: there will be a deal. We will know if we hear China soften its export controls a tiny bit, as a gesture. It will mean a deal has been struck to carve the world markets.
- US will scrap almost all tariffs imposed on China.
- SoH: an unnamed control system will be put in place. This, we'll know if Chinese vessels come and go with ease.
- Relevance to RKH: it will almost certainly be a supplier to the American sphere of influence while the American oilies themselves can sell to all markets including China. Oil price will be determined ex-Opec, between US, Russia and Israel.