Happy Tuesday...Cat has my tongue today so just going right to the curated stories. Thanks for reading. The Essential Eight 1. US-China U.S. Trade Gap Widens Most Since 2015; China Deficit Hits Record - Bloomberg: The goods-trade gap with China widened to a record $36.8 billion on an unadjusted basis, up from $33.5 billion in the prior month, according to the report. The deficit with the European Union jumped to a record $17.6 billion from $11.7 billion, while the gap with Mexico narrowed to $5.5 billion from $7.4 billion.
Ref China & so much more: “A rooster crows only when it sees the light. Put him in the dark and he'll never crow. I have seen the light and I'm crowing.” (Muhammad Ali)
China-North Korea relations are better understood as function of China’s party factional battles. Kim was encouraged to defy Xi by Xi’s opponents in the party and army. Look how quickly Kim came to make peace when PLA supporters fell at the party congress. China’s sanctions on the North were not to please the US but to bring Kim Jongun to heel. They’ve served their
purpose. So China’s relaxing them, regardless of what the US may want.