Authored by Molly Schwartz, Rabobank cross-asset macro strategist,Trading PlaybooksThe advancement of one of China’s AI models, Kimi, has sharpened attention on the latest US plans to counter China’s growing AI challenge. Kimi is reportedly more powerful than several US flagship models, though not yet as powerful what lies on the frontier. But not all in the land of the free are happy with Trump’s interventionist approach to global markets. It is, however, seeking to build its own additional barriers to global trade as Brussels tries to enforce new sanctions on Russia. Yesterday, Trump signed three proclamations to enforce additional tariffs on Canadian goods, covering motor vehicles, alcoholic beverages, and dairy.