Underestimating China today is not just a strategic mistake — it is a disconnection from reality.

In politics, bluffing is an art. But, when the stage is global geopolitics and the opponent is called China, bluffing without strategy is simply foolishness — or excessive vanity. This is exactly what we witnessed on April 2, a date eagerly awaited by financial markets, especially high-risk sectors like stocks and cryptocurrencies. A possible announcement of a global tariff program was expected, but what was seen was a show of populist rhetoric that only brought geopolitical instability and, especially for risk markets.

No one has time — nor patience — to play tariff war in a world that has barely emerged from a pandemic and is trying to navigate multiple regional crises.

Done! I spoke!