Keyword: tradewar

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  • Michael Bloomberg Raises the Question of the Year

    02/27/2020 8:57:16 PM PST · by jfd1776 · 8 replies
    Illinois Review ^ | February 24, 2020 A.D. | John F Di Leo
    The most important question raised in the Democratic Party’s South Carolina debate did not concern such foolish measures as Medicare-for-All, reparations for slavery, or Joe Biden’s imbecilic exaggeration about murder statistics (150 million murders in the USA? Really?). The key issue of the day was only mentioned in passing, by Michael Bloomberg, of all people, and it was immediately set aside… and of course, he got it wrong. Michael Bloomberg tried to make a case for his nomination, on the grounds of his own extensive business experience… and his own long and happy collaboration with Mainland China. He talked about...
  • The Phase One U.S.-China Trade Deal Is A Serious Win For The United States; But This Is Not a Time to be Complacent

    01/24/2020 8:55:22 AM PST · by SeekAndFind · 4 replies
    The Federalist ^ | 01/24/2020 | Helen Raleigh
    I was very skeptical when U.S. and Chinese officials announced the two nations had reached a “Phase One” trade deal last December. Neither country released any details regarding the agreement. Chinese officials have been exceptionally muted since the announcement, only emphasizing that the United States would remove a number of tariffs, without mentioning any commitments China had made. Neither the United States nor China even articulated a specific dollar amount of the additional U.S. farm products China pledges to purchase.Last week, both the White House and the U.S. Trade Representative’s Office posted the full text of the agreement, immediately...
  • Trump: US-China Phase One To Be Signed On Jan 15; China: .... (no confirmation from the Chicoms)

    01/02/2020 10:08:45 AM PST · by SeekAndFind · 5 replies
    Hotair ^ | 01/02/2020 | Ed Morrissey
    Does the US and China have an interim agreement to retreat from its bruising trade war? Earlier this week, Donald Trump declared a diplomatic victory, and pledged a signing ceremony at the White House to nail it down. I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!— Donald J. Trump (@realDonaldTrump) December 31, 2019 The later...
  • Vice Premier Liu He to sign ‘phase one’ trade deal in Washington this week, Chinese media says

    12/30/2019 10:40:19 AM PST · by SeekAndFind · 9 replies
    CNBC ^ | 12/30/2019 | Yun Li
    Chinese Vice Premier Liu He, that nation’s top trade negotiator, will visit Washington this week to sign the “phase one” trade deal with the U.S., the South China Morning Post reported Monday. The newspaper, citing a source briefed on the matter, said Beijing has accepted the U.S. invitation for a deal signing in Washington, and the Chinese delegation will stay in the U.S. for a few days until the middle of next week. The South China Morning Post is run by Alibaba but is often criticized for being biased in favor of the state. The two countries have been working...
  • The New Trade Deal With China Does Almost Nothing For The United States

    12/17/2019 8:50:01 AM PST · by SeekAndFind · 37 replies
    The Federalist ^ | 12/17/2019 | Helen Raleigh
    The U.S. and China have such different economic and political systems and different sets of values. We may have to settle our differences through other means, beyond a trade agreement. Last Friday, U.S. and Chinese officials confirmed that that two nations reached a “phase one” trade deal. After more than two years of uncertainty, this is welcome news for many. Yet it is concerning because so few details of the agreement have been made public, and a deal-signing date has yet to be announced.What’s in the Trade Deal? According to the Wall Street Journal, the United States agreed not to...
  • Germany tells US to ‘mind its own business’ over Nord Stream 2

    12/13/2019 10:21:59 AM PST · by NorseViking · 27 replies
    Euractiv ^ | December 12, 2019
    Germany on Thursday (12 December) warned Washington to mind its own business after US lawmakers gave initial approval to a bill that would sanction contractors working on a Russian pipeline to Germany. The EU also opposed sanctions against ‘companies doing legitimate business’. “European energy policy is decided in Europe, not in the US,” Foreign Minister Heiko Maas said on Twitter. “We reject external interference,” he said. The €9.5 billion Nord Stream 2 pipeline will run under the Baltic Sea and is set to double shipments of Russian natural gas to Germany. The German-Russian Chamber of Commerce (AHK) said the pipeline...
  • Trade deal may offer only short respite from US-China tensions, observers say

    12/13/2019 6:40:37 AM PST · by SeekAndFind · 13 replies
    South China Morning Post ^ | 12/13/2019 | Wendy Wu
    Reaching an interim trade deal could ease tensions between China and the United States for the time being but would not necessarily bolster relations in the long run, according to diplomatic observers. A so-called phase one agreement may offer only initial relief as both countries’ governments face uncertainties at home, the observers said, cautioning that some of the remaining points of dispute were likely to resurface in subsequent talks, along with the unpredictability of US President Donald Trump. Although there were rallies and upbeat sentiments across global markets on Friday after US reports that consensus on an agreement had been...
  • China’s rising household debt a ‘major concern’ as government tries to boost consumption amid trade war

    12/12/2019 7:41:16 AM PST · by SeekAndFind · 12 replies
    South China Morning Post ^ | 12/12/2019 | Amanda Lee
    A household debt crisis may be brewing in China as the government tries to boost sluggish consumption amid a domestic economic slowdown and trade war with the United States. China’s household debt had ballooned to 60.4 per cent of its gross domestic product (GDP) at the end of 2018, the People’s Bank of China (PBOC) said in its annual financial stability report last week. And for the first time, the household debt to income ratio hit 99.9 per cent, meaning that total debt is now roughly equal to total household income among the average Chinese household. “[Household debt growth] is...
  • Forget Trump's rhetoric, phase 1 of a trade deal with China is reportedly close after all

    12/04/2019 10:55:47 AM PST · by SeekAndFind · 2 replies
    Business Insider ^ | 12/04/2019 | Yusuf Khan
    A trade deal between the US and China is inching closer after all. Bloomberg News, citing people familiar with the matter, reported that the two sides are close to agreeing the amount of tariffs to be rolled back in the "phase one deal." Officials are getting closer on the specifics of tariff relief, the news organization reported. Stocks pushed higher on the news at 9:30 a.m. in London (4:30 a.m.) with US futures underlying the Nasdaq and S&P 500 rising at least 0.5%. The DAX, Euro Stoxx 50, and CAC indexes all soared more than 1%. "US negotiators expect a...
  • With new gas pipeline, Russia's exports flow east

    12/03/2019 2:01:19 AM PST · by NorseViking · 6 replies
    Reuters by Yahoo ^ | December 2, 2019
    Smiles and waves between Russia's Vladimir Putin and China's Xi Jinping on Monday (December 2). Though this isn't just a casual video chat between two of the world's most powerful men, but the launch of a landmark pipeline that will transport natural gas from Siberia to north east China - a boost to economic and political ties between Moscow and Beijing and part of Russia's attempt to pivot East, away from the pain of Western financial sanctions imposed over its 2014 annexation of Ukraine's Crimea. (SOUNDBITE) PRESIDENT, VLADIMIR PUTIN, SAYING: "This is a remarkable, genuinely historical event not only for...
  • Trump says he will reimpose steel and aluminum tariffs on Brazil and Argentina, opening new trade war

    12/02/2019 7:29:57 AM PST · by SeekAndFind · 23 replies
    Washington Post ^ | 12/02/2019 | By Rachel Siegel and Terrence McCoy
    President Trump said he would impose tariffs, effective immediately, on all steel and aluminum shipped into the United States from Brazil and Argentina. “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers,” Trump said in Monday morning tweet. He then directed his attention to the Federal Reserve, saying the central bank should “act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our [manufacturers] & farmers to fairly export their goods....
  • China fears trade conflicts with US, climate change could pose threat to food security

    11/30/2019 8:39:07 AM PST · by SeekAndFind · 20 replies
    South China Morning Post ^ | 11/30/2019 | Jane Cai
    Global trade conflicts and the increasing trend towards unilateral trade agreements have raised alarm bells in Beijing about how China can continue to feed its 1.4 billion people. Last month the State Council, the country’s cabinet, published a policy paper on food security – the first in 23 years. It said that while the current food supply situation was “very sound” it also flagged concerns about potential disruptions due to trade friction with the US. Climate change is another worry for future food production. China’s devastating experiences with hunger and famine mean that the prospect of food shortages touches a...
  • Swine Fever Is Killing Vast Numbers Of Pigs In China

    08/15/2019 5:52:14 AM PDT · by BenLurkin · 60 replies
    NPR ^ | 08/15/2019
    An epidemic of African Swine Fever is sweeping through China's hog farms, and the effects are rippling across the globe, because China is a superpower of pork. Half of the world's pigs live in China — or at least they did before the epidemic began a year ago. "Every day, we hear of more outbreaks," says Christine McCracken, a senior analyst at RaboResearch, which is affiliated with the global financial firm Rabobank. McCracken and her colleagues now estimate that by the end of 2019, China's production of pork could be cut in half. "That's roughly 300 million to 350 million...
  • China is killing a third of its pigs because of a gruesome and incurable fever

    05/15/2019 10:16:44 AM PDT · by SeekAndFind · 49 replies
    Business Insider ^ | 05/15/2019 | Alexandra Ma
    * China is grappling with a widespread African swine flu (ASF) epidemic, a disease fatal to pigs but harmless to humans. * ASF's effects on pigs are gruesome. Symptoms include diarrhea, depression, and miscarriages. * The government is urging farmers to cull infected pigs to prevent the spread of the disease, which is in turn dramatically decreasing the country's pork production. * Dutch bank Rabobank estimates that the country will kill 150 million to 200 million pigs — or one third of the country's supply — this year. * China is the world's largest pork producer and consumer. The steep...
  • Chinese shoppers say they would shun American brands during the world’s busiest 24 hours of [tr]

    10/30/2019 5:51:51 PM PDT · by jrestrepo · 38 replies
    South China Morning Post ^ | October 30, 2019 | Louis Moon
    Full title: Chinese shoppers say they would shun American brands during the world’s busiest 24 hours of online shopping
  • Weak U.S. retail sales cast gloom over economy (Unexpectedly)

    10/16/2019 6:37:20 AM PDT · by babble-on · 47 replies
    Reuters ^ | Oct 16, 2019 | Lucia Mutikani
    WASHINGTON (Reuters) - U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
  • America Has a Long Lever in Trade War With China

    09/23/2019 6:33:20 PM PDT · by Thalean · 19 replies
    American Greatness ^ | September 22, 2019 | Spencer P Morrison
    Reuters reports that China will exempt some American agricultural products from its latest round of tariffs. This is welcome news—particularly for our pork and soybean producers who’ve been on the front lines of the trade war. But what does the news really mean? Did China blink? Are they throwing us a bone? Or is just part of Xi Jinping’s 200 IQ 4D underwater chess gambit to win the trade war? The answer begins and ends with the economic data. First up: pigs. China is by far the largest pork consumer on earth, and is expected to consume more than 50...
  • China has already lost the trade war. Here's why

    09/23/2019 8:14:40 AM PDT · by SeekAndFind · 12 replies
    Fox News ^ | 09/23/2019 | Helen Raleigh
    China already lost in the trade war with the U.S. Although you will never hear Chinese authorities, especially President Xi Jinping, admit it as such, the evidence is everywhere and only becoming more compelling by the day. Reuters recently reported that based on the Chinese government's own data, China's economic slowdown has worsened in August, with "growth in industrial production is at its weakest in 17-1/2 years amid spreading pain from a trade war with the United States and softening domestic demand. Retail sales and investment gauges worsened too." Despite such poor readings, Premier Li Keqiang insists that China is...
  • ‘We were wrong’: Koch strategy against Trump’s trade falls short

    09/20/2019 6:04:42 PM PDT · by spintreebob · 20 replies
    CNBC ^ | 9-19-2019 | Brian Schwarz
    The political network funded in part by billionaire libertarian Charles Koch is going to try a new strategy against President Donald Trump’s trade war with China after conceding that its previous campaign hasn’t worked. Koch network leaders said Thursday that their digital and TV ad blitz that emphasized how Americans could experience financial pain from the tariff fight wasn’t panning out the way they had hoped. “The argument that, you know, the tariffs are adding a couple thousand dollars to the pickup truck that you’re buying is not persuasive,” a senior Koch official says. he political network funded in part...
  • China’s economy faces a 'triple threat' — and the trade war is only part of the story

    09/20/2019 1:26:45 PM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 09/19/2019 | Ben Winck
    China's economy is grinding to its slowest levels of growth in decades. The country's second-quarter growth of 6.2% was the slowest rate seen since it began reporting quarterly figures. The preliminary third-quarter estimate of 6% to 6.5% is the slowest ever forecast. Though global stock markets have stabilized and trade talks with the US have resumed after a two-month hiatus, China's economy faces trouble from several different sectors, Nomura Research Institute chief economist Richard Koo wrote in a Wednesday report. A large part of China's economic prowess comes from its ability to provide cheaper labor than other industrial nations at...