The American markets suffered their steepest decline since March 2020, in over 5 years, according to the video.
This video discusses China's retaliation against Trump's tariffs, analyzing the impact on the US stock market and the global economy. The speaker examines the implications of these trade wars, including the weakening US dollar and the potential for a "catch the knife" opportunity in the market. The video also explores alternative investment strategies and proposes Bitcoin as a potential solution to the Triffin dilemma.