Markets Are Still Underestimating Trade War Risks: Eurasia Group

The video discusses the significance of rare earths and basic commodities in the context of global trade tensions, particularly between the US and China. It highlights the political dynamics and market risks involved, emphasizing the role of nationalism in China and the implications of US tariffs. The discussion also covers expectations for the G20 summit, suggesting that a trade deal or truce is unlikely, and explores the potential economic impacts of continued tariffs on Chinese exports.

According to the text, what should be expected regarding tariffs at the G20?

What does the text imply about the future of US tariffs on Chinese exports?