TFW you realise you should have worn a different tie
It's becoming clearer how exactly the world has adjusted to the Strait of Hormuz shock.
China is about 15% of global crude demand and import volumes have fallen by about a third between March and May. So roughly 5% of global consumption is being absorbed through domestic inventory drawdown.
@zatapatique.bsky.social current status: trying to find a really good school trip gif
Tariffs are dead … long live tariffs!
New MFN …
(Also lots of chat about non preferential rules of origin and the IAA)
open.substack.com/pub/mostfavo...
Practice what you preach etc
Regretfully, this weather leaves me with only one option for survival with the kids: Clowntown
My naturally instinct to arrive unreasonably early for things comes in handy when you find yourself at the wrong Amsterdam train station
Sitting next to the biggest train nerd ever, narrating every single stage of the Eurostar journey. Fess up. Which one of you is it?
And it goes without saying but … BUY CHAD AND @soumayakeynes.ft.com’s BOOK!
amzn.eu/d/0ba7Hx4N