What's Behind Growing US-China Tensions?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 28 July 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. U.S. President Joe Biden is slated to talk with Chinese President Xi Jinping later this week. In the background lurks growing tensions around House Speaker Nancy Pelosi’s potential visit to Taiwan next month. On today’s episode, NLW looks at the big issues behind these headlines that are shaping both the U.S. and China’s response to growing tensions. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Lintao Zhang/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Wednesday, July 27th, and today we are talking about what is
0:27.9	behind growing U.S.-China tensions. A quick note before we get into this, there are two ways
0:34.6	to listen to the breakdown podcast. You can find us on the Coin Desk Podcast Network,
0:39.3	where the show comes out every afternoon and is featured alongside other great Coin Desk shows,
0:44.3	or you can listen on the breakdown only feed, which comes out a few hours later in the evening.
0:48.7	Wherever you listen, if you are enjoying the breakdown, I would so appreciate it if you took
0:53.0	the time to leave a review
0:54.6	or a rating. It makes a huge difference, and I appreciate every one of you who takes the time to do
0:59.2	that. Also, a disclosure, as always, in addition to them being a sponsor of the show, I also work
1:04.2	with FTX. Now, today is, of course, FOMC meeting day, where we will learn if the Fed decided to raise rates the
1:12.7	anticipated 75 basis points to match last month's hike, or if they went all the way to a 100
1:19.0	basis point hike, a full percentage point raise, something that hasn't been seen since 1981.
1:25.5	What they do and how the market reacts will set the tone for the next two
1:29.2	months until the September meeting, which many market commenters see as really the key in
1:34.4	determining what the rest of the fall looks like when it comes to monetary policy.
1:38.8	All of that will be the focus of tomorrow's show after I have a chance to not only see
1:43.2	what the Fed did, but see how
1:44.8	people are responding to it. In the meantime, however, there has been a key geopolitical story
1:49.6	that has been getting louder and louder and punching through into big headline awareness.
	...

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