### Comment:
I don't think China is close to recession, but if this week's talks go badly, Trump is definitely ramping up tariffs and will probably take further actions to deep dick China. Then, China will retaliate and we'll get stuck in a trade war spiral. That could lead to decoupling and eventually WWIII. So... Puts. ¯\\\_(ツ)_/¯

### REPLY:
There were reports in August that went mostly missed in the news cycle that the rate of businesses leaving China was beyond even the most aggressive models for how that would go. It stabilized the markets for a few days, didn’t really get much press otherwise, but it does show that they’re working.

### END.