Industry

The growing entanglement of national security, technological supply chains and financial sovereignty is profoundly changing global macroeconomic balances. Financial markets and the crypto ecosystem were beginning to observe signs of institutional stabilization when a major diplomatic rupture just occurred. On Monday, June 22, China officially ended the trade truce by announcing massive sanctions against dozens of American companies linked to the strategic sectors of defense and rare earths. Beijing's offensive revives economic hostilities with Washington and threatens to strangle high-tech industries that depend on these essential raw materials for advanced infrastructures.

France votes on a budget, the French express distrust: 80% predict collapse, 61% no longer even hope for themselves.

During her visit to China, US Treasury Secretary Janet Yellen sounded the alarm about the massive subsidies granted by Beijing to its industry. These aids could destabilize the global economy by leading to production overcapacity.