Decoupled: The U.S.-China Economic Rift

10-YEAR TREASURY YIELD

5.0%+

crossed 5% during Xi summit week — levels not seen since 2007

U.S. TARIFF RATE ON CHINA

145%

Trump's sweeping tariff regime as of 2025

CHINESE CEOs IN 2015 DELEGATION

~15

prominent executives at U.S.-China Business Roundtable; zero equivalent delegation in 2026

LAST TIME YIELDS THIS HIGH

2007

year the 10-year Treasury last touched current levels

Shaded bands = Republican (orange) / Democratic (blue) administrations. Dashed line = 5% threshold. 2026 point = intraweek spike during Xi summit.

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