This kinda seems like it's throwing a drowning man a brick. China has deflation pressure[1], and this is going to mean even less money chasing their goods. It m

This kinda seems like it's throwing a drowning man a brick. China has deflation pressure[1], and this is going to mean even less money chasing their goods. It makes me wonder if the US is trying to avoid the deflation contagion spreading here. It's also possible that NATO has evidence that China has been caught red-handed supporting Russia[2] militarily in breach of sanctions, and this is just the first phase of China going through some things. Of course China can tit-for-tat this move, but then again if they're about to enter a deflationary period then they might be importing fewer raw goods anyway. If they're about to be hit with severe sanctions for materially supporting Russia in the Ukraine invasion then they're absolutely going to be importing fewer US goods. [1] https://www.wsj.com/economy/china-is-risking-a-deflationary-spiral-75702b5b https://www.wsj.com/economy/china-is-risking-a-deflationary-... [2] https://www.scmp.com/news/china/diplomacy/article/3278160/us-eu-raise-alarm-over-chinas-very-substantial-support-russia-ukraine-war https://www.scmp.com/news/china/diplomacy/article/3278160/us...