UBS On-Air: Paul Donovan Daily Audio 'The destructive power of economic nationalism'

US President Biden called China “xenophobic” in comments highlighting China’s structural economic challenges. Biden also pledged higher taxes on US consumers of China’s steel and aluminum. US Congress lives in terror that China will learn the “Texas hold‘em” TikTok dance before Speaker Johnson has mastered the moves, and is proposing to tie a TikTok ban to aid measures for Ukraine and Israel.