The tariff comments seem to be misplaced.

It’s not about Tariffs. They are secondary to the important point. It’s about access.

China has effectively threatened to do what the US did when cutting Russia off from SWIFT.

Except there are other ways to make money transfers and there aren’t many other ways to ship goods.

The power is in the supply chains, as I noted in 2021 when kicking off my SubStack: https://kanemcgukin.substack.com/p/current-personal-thesis-and-reflections