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While political tensions between Beijing and Canberra were largely left aside, WA Premier Mark McGowan used an event with the state's top Chinese diplomat to lament the eastern states' failure to acknowledge China's contribution to Australia's economic success. Neither McGowan nor Consul General Long Dingbin made mention of their nations' ongoing trade war, the AUKUS deal and the nuclear submarines that come with it, or the fact that Australian Federal Ministers cannot get their Chinese counterparts to pick up the phone. As guests of honor, alongside mining magnate Andrew Forrest, they both highlighted the strong relationship WA had with China...

Japan has started a "mass exodus" of manufacturing from China as the country moves to become more self-sufficient and less reliant on the Chinese Communist Party's supply chain.The Japanese government is seeking to end reliance on its Chinese neighbor following the coronavirus pandemic that originated in China.

Mapping China's Biggest Trading Partners - Is Your Country One of Them? The United States and China recently signed Phase I of a trade deal designed to thaw relations between the world’s two largest economies. The ongoing trade war between these two countries led to an overall slowdown of global growth in 2019, with continued weakness in global trade and investment. Despite this, China has maintained a positive trade balance overall and continues to be a major exporter to countries around the world. Our new series of visualizations maps out the relationship between China and its biggest trading partners. The...

U.S. stock index futures fell Monday after Bloomberg reported China said it needed to have further discussions before it would sign off on the so-called phase one trade deal U.S. President Donald Trump touted on Friday Around 7 a.m. ET, Dow Jones Industrial Average futures traded down 87 points, pointing to a loss of about 80 points at the open. Dow futures briefly dropped more than 100 points. S&P 500 and Nasdaq 100 futures indicated a lower open as well. Futures were marginally higher earlier in the session before taking a leg lower on the Bloomberg report. The report, which...

The U.S. and China will resume trade talks following a meeting between President Donald Trump and Chinese dictator Xi Jinping. “We had a very good meeting with President Xi of China,” Trump said following an 80 minute meeting with Xi Saturday morning in Japan. “Excellent, I would say excellent.” Trump added that the trade talks are “right back on track.” The U.S. agreed not to raise additional tariffs on China while the talks resume, according to Chinese officials. But the U.S. has not agreed to take down the tariffs already in place, something China had been saying was a precondition...

There must be a rip in the fabric of the universe. New York Times columnist Tom Friedman who at least until very recently suffered from extreme Trump Derangement Syndrome wrote on on May 21 that Trump is correct in attempting to reset our trade relationship with China. In case you thought this was a brief moment of mental clarity, he also appeared with Steve Bannon on CNBC and mostly agreed with him about the need to push China into a new trade agreement.

VIDEO Liberals are bad mouthing President Trump for placing higher tariffs on Chinese goods as a tactic to get that country to sign on to a fair trade agreement which would lower their high tariffs on American goods. They fear a Trump win so much that they don't care if their rhetoric emboldens the Chinese to continue standing firm against coming to an agreement. Meanwhile CNBC's Jim Cramer provides a reality check on what is at stake and how the liberal talking heads are so wrong about fighting a trade war with China to WIN.

President Trump shocked markets yesterday when he announced that a new, heavy round of tariffs on Chinese goods will take effect this Friday. Complacent markets had assumed that a trade deal would get done, that it was just a matter of sorting out the details. Now that is far from certain. Failing a last minute deal, which is certainly possible, the trade war is back. And it could get worse.What most surprised me about the new trade war was not that it started, but that the mainstream financial media denied it was happening for so long. The media have consistently...

U.S. stocks declined Monday amid heightened anxiety over the U.S.-China trade spat, raising investors’ concerns that the conflict could dent economic growth. The Dow Jones Industrial Average fell 186 points, or 0.7%, to 26322, easing off of session lows after falling more than 450 points in early trading. The S&P 500 shed 0.7% and the tech-heavy Nasdaq Composite dropped 0.9%. Ten of the 11 S&P 500 sectors dropped, led by declines in industrials, materials technology-—three areas with heavy exposure to China. Nearly all of the 30 stocks that make up the Dow industrials also fell. Stock markets in Asia and...

China has agreed to “meaningful increases” in its purchase of U.S. agriculture and energy exports to help reduce the U.S. trade deficit, both countries said Saturday after wrapping up two days of high-stakes trade talks in Washington. A joint statement released by the White House said negotiators from both sides found “consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China.” “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services,” the statement said. “This...

In a speech to the CLSA Investors’ Forum in Hong Kong on Tuesday, Breitbart Executive Chairman Steve Bannon stated that to avoid a trade war, China must cease its economic war on America. In a separate interview on Tuesday with David Martosko of The Daily Mail, Bannon mentioned President Trump’s planned visit to China in November to meet with Chinese President Xi Jinping and attend economic summits. Bannon said Trump will seek common ground in a new trade relationship with China because “[t]here’s too much at stake to slip into a trade war right off the bat.” “I think...

Despite hopes that negotiating its own trade agreements would boost the U.K. economy, even the worlds' biggest countries won't serve as a magic trade bullet. For example, the U.K.'s trading relationship with China is much smaller than you'd expect. Signing a good trade deal won't be the transformative move that pro-Brexit supporters are expecting, according to a new report by the Institute for Fiscal Studies. Even if British exports to China grow by 10% annually over the next 15 years, this still won't come close to levels seen with Britain's top trading partners: the United States and the European Union....

China's politically sensitive trade surplus with the United States widened by 19.7 percent from a year earlier to $17.6 billion.

China has leapfrogged the US to become the world’s biggest trading nation, bringing an end to the US’s post-war dominance of global commerce. The total value of US exports and imports in 2012 was $3.82 trillion (£2.4 trillion), the US Commerce Department has revealed. China’s customs administration has already announced that the country’s total trade last year was worth $3.87 trillion. “It is remarkable that an economy that is only a fraction of the size of the US economy has a larger trading volume,” Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics in Washington, told Bloomberg....

China toxic dumplings spark food scare in Japan By George Nishiyama Thu Jan 31, 1:50 AM ET Dozens more people in Japan on Thursday said they fell sick after eating Chinese-made food, a day after Japanese food companies recalled pesticide-contaminated dumplings from China that sickened 10 people. The food scare has triggered a nationwide probe into possible additional cases of food poisoning, while Japan's top government spokesman questioned China's attitude to food safety only weeks after the country said it had improved standards. Japanese media and opposition lawmakers have also suggested Japan's initial response to the problem may have been...

Toy-making giant Mattel Inc. issued recalls Tuesday for about 9 million Chinese-made toys that contain magnets children can swallow or which could have lead paint. The recalls includes 7.3 million play sets, including Polly Pocket dolls and Batman action figures, and 253,000 die cast cars that contain lead paint. The action was announced on the company's Web site and at a news conference here by the Consumer Product Safety Commission. Nancy A. Nord, acting CPSC chairman, said no injuries had been reported with any of the products involved in the new recall. Several injuries had been reported in an earlier...

Here is a great article written by Bill Bonner the founder and president of Agora Publishing. The article appeared in the American Free Press (645 Pennsylvania Avenue SE, Suite 100 Washington, D.C. 20003) CHINESE HAVE MOST MONEY ON PLANET AMERICA NOW BIGGEST DEBTOR IN THE WORLD On the Money with Bill Bonner $30million and $80 million. Two big numbers, and the end of the world as we have known it. The first number is the rate at which China is adding to its reserves of foreign currencies—mostly dollars—every hour. The second number is the rate at which America’s capital—as measured...

Oh Dear : An International Highway Between Texas and Canada !! How about a few Facts ? Interstate Hwy # 69 was first conceived of in the 1950s. Further planning was done as a result of the Intermodal Surface Transportation Enhancement Act of 1991. On 01/01/94, NAFTA -proposed by GHW Bush,adopted and promoted vigorously by WB Clinton - became law. It called for-among other things-economic cooperation among the US ,Mexico,and Canada. On 04/29/94, the Joint Working Committee on transportation Planning (US and Canada)signed a memo of understanding-with the consent of both governments. In October,2000,a similar memo of understanding betweeen the...

The Manufacturing Factor: A History of America's Economic Ascension Pat Choate writes in March 2005 how America came to be an economic superpower and how we have gone to great lengths to un-do what was created. By suppressing American colonial manufacturing, Britain attempts to suppress American independence The American revolutionaries almost lost the War of Independence because they did not have the manufacturing capacity to produce the arms they required. In the 17th and 18th centuries, Great Britain had prohibited its American colonists from manufacturing virtually any type of good for either their own use or export. When the war...

BEIJING (Reuters) - China's trade surplus for June swelled five-fold from a year earlier as exports grew much faster than imports, offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value. The June surplus grew to $9.68 billion, exceeding forecasts of $8.0 billion and towering above the $1.8 billion surplus recorded for June 2004.