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US President Donald Trump has signaled a potential U-turn on his trade war with China amid continued market volatility, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.” Trump’s remarks, made at a White House news event Tuesday, appear to mark a rhetorical climbdown after weeks of tough posturing and tit-for-tat retaliation that sent tariffs on China beyond a staggering 145%. “145% is very high and it won’t be that high,” Trump said in a question-and-answer session with reporters in the Oval Office. “It won’t be anywhere near that high. It’ll come down...

China is doubling down: China has just announced that they will be pulling back from US private equity investments. Chinese state-backed funds are halting new investments in US PE firms due to government pressure. According to PE executives, funds like China Investment Corporation (CIC) have already begun withdrawing planned commitments. Chinese investors are also avoiding US-linked deals, even when managed by non-US based PE funds. Just 24 hours ago, China warned they would retaliate against countries that cooperate with the US in ways that compromise their interests. It's very clear what's happening here: China is seeking to isolate the US...

Chinese researchers have successfully detonated a hydrogen-based explosive device in a controlled field test, triggering devastating chemical chain reactions without using any nuclear materials, according to a study published last month. The 2kg (4.4lbs) bomb generated a fireball exceeding 1,000 degrees Celsius (1,832 degrees Fahrenheit) for more than two seconds – 15 times longer than equivalent TNT blasts – without using any nuclear materials, it said. Developed by the China State Shipbuilding Corporation’s (CSSC) 705 Research Institute, a key player in underwater weapon systems, the device uses a magnesium-based solid-state hydrogen storage material. Chinese researchers have successfully detonated a hydrogen-based...

Not since Herbert Hoover signed the Smoot-Hawley Tariff has a president chosen to disregard a larger body of informed opinion than President Trump did when he instituted his protectionist trade policy. Based on a series of verifiably false grievances—wages haven’t grown in 50 years, manufacturing has been hollowed out by imports, countries with trade surpluses are “ripping us off”—Mr. Trump used constitutionally questionable powers to abrogate congressionally approved trade agreements and undermine the world’s trading system. Markets convulsed in anticipation of the massive wealth annihilation that would accompany the shredding of global supply chains and a transition to a more...

Amid the escalating US-China trade war, a report in the Glitz says China may give free rein to counterfeiters, particularly those which target luxury brands in America, in retaliation for Trump’s tariffs. Amid this, TikTok is flooded with videos that show how luxury brands manufacture their products in China. Trump has imposed 145% tariffs on Chinese imports, and in its own tit-for-tat tariffs, the Xi Jinping government imposed 125% tariffs. China has now urged Washington to “completely cancel” what it calls the unfair practice of reciprocal tariffs... In the video, a man, while showing several bags that resemble luxury brands’...

When his camera stopped working on his iPhone recently, New Yorker Richard Medina didn't waste any time. With the threat of tariff-fuelled price hikes on smartphones bearing down, he quickly called his phone company for a new one. "I said, 'We've got to switch this out now,'" the 43-year-old recalled. "Let's take care of it." The move was a sign of the pressure rising across the US, where households are being buffeted by what could be staggering price rises, and even possible shortages triggered by the sweeping tariffs that US President Donald Trump announced this month. Some are trying to...

Over the past two days, President-elect Donald J. Trump has made clear that he has designs for American territorial expansion, declaring that the United States has both security concerns and commercial interests that can best be addressed by bringing the Panama Canal and Greenland under American control or outright ownership.Mr. Trump’s tone has had none of the trolling jocularity that surrounded his repeated suggestions in recent weeks that Canada should become America’s “51st state,” including his social media references to the country’s beleaguered prime minister as “Governor Justin Trudeau.”Instead, while naming a new ambassador to Denmark — which controls Greenland’s...

Forgive us if we missed it, but we don’t recall Donald Trump campaigning to invade Panama and retake its famous canal. But there was the President-elect on the weekend, threatening our Central American ally with punishment if it doesn’t meet his demands. “Our Navy and commerce have been treated in a very unfair and injudicious way. The fees being charged by Panama are ridiculous, highly unfair, especially knowing the extraordinary generosity that has been bestowed to Panama—I say, very foolishly, by the United States,” Mr. Trump told a crowd in Phoenix. “This complete ripoff of our country will immediately stop.”...

While 99% of the media keeps staring at official data by the Chinese central bank (PBoC)—misleadingly stating it added 5 tonnes of gold in November following a supposed six-month pause—the PBoC’s "unreported" purchases in London accounted for a stunning 60 tonnes in September and another 55 tonnes in October. And while cross-border trade statistics from the U.K. for November have yet to be released, I foresee another purchase of a similar magnitude. Chinese authorities see a greater role for gold in the future international monetary system, or they wouldn’t continue buying such extraordinary amounts of gold. Via London alone, the...

Quantum teleportation, once confined to the pages of science fiction, is steadily becoming a tangible scientific achievement. Advances in quantum mechanics over the last decade have transformed teleportation from a theoretical concept into an experimental reality. These breakthroughs have revealed innovative methods for transmitting information instantaneously over vast distances, offering transformative possibilities for computing, communication, and cryptography. Scientists are now closer than ever to bridging the gap between imagination and reality in this cutting-edge field.

On Sunday, December 22, the Chinese state-run CGTN's correspondent in Ankara reported, citing an Iranian security official, that Pourhashemi died after being shot by a Syrian officer during a meeting in a joint operations room in Aleppo.According to the report by Yakup Aslan, the meeting included Iranian military advisors and Syrian army commanders and took place amid advances by rebel forces in the outskirts of Aleppo...The report noted that IRGC commanders believed a counteroffensive against Assad's opposition, supported by Russian airpower, was possible at the time. However, Syrian commanders hesitated to issue the necessary orders...Armed opposition forces, in a surprise...

It's December and seems the right time to play music related to Christmas back in the 1970's Boney M... "I'm praying for you China" Those lyrics in that song wow! We were all praying for China when it opened up opening up opportunities for evangelism in my youth. Well, the situation with China today is... It seems to me listening to folks like Gordon Chang a decade before COVID that China was in the crosshairs to become 'the enemy'... COVID was more than its 'origin' it was lockdowns, masks and vaccines... As I reflect on March of 2020 I was...

BlogEventsShopKnowledge Center Contact Us Store Account Blog Economics The Recession into 2028 Trump Does Not Understand The Recession into 2028 Trump Does Not Understand Posted Nov 17, 2024 By Martin Armstrong | SPREAD THE LOVE WEC 2016 Orlando QUESTION: Mr. Armstrong, thank you for the WEC. Many people feel this was your best. Your solution to save our country was spectacular, and you deserved the standing ovation. My question is that you said that Trump and RFK would not listen to you despite everything you have done. You did not explain why. May I ask why? FP ANSWER: As I...

https://metallicman.com/laoban4site/what-the-progressive-liberals-have-in-store-for-conservatives/ I Read this page from Metallica Man. Written 8 years ago. Looks prophetic today

Former President Donald Trump is facing backlash for holding rallies in places described as "sundown towns." A TikTok user pointed out a "troubling pattern" in the locations of Trump's recent rallies in a video that has gone viral on social media. It was also shared on X, formerly Twitter, where it amassed millions of views. "Howell, Michigan; La Crosse, Wisconsin; Johnstown, Pennsylvania," the man said in the video. "What do these places have in common? They're all sundown towns." He added: "This is where Donald Trump is choosing to hold his rallies... You got a presidential candidate for the GOP...

Chinese President Xi Jinping has pledged to deepen agriculture and mineral processing cooperation with the Democratic Republic of the Congo, to help the African nation “transfer resource advantage into development momentum”. Meeting Congolese President Félix Tshisekedi in Beijing on Monday, Xi also vowed to consolidate “mutual political trust”, saying the two countries were “fellow travellers on the road to modernisation, and should be close friends with similar aspirations [and] mutual benefits”.

The Ukraine war will end in a surrender, not in a negotiated deal. That is my sense of where the war is headed and why the parties cannot negotiate a settlement. The latest wrinkle in the missing negotiating saga is a declaration in the form of an interview given by Ukrainian President Volodymyr Zelensky to the Philadelphia Inquirer. In the interview, Zelensky said there can’t be direct negotiations between Ukraine and Russia but there could be indirect negotiations through a third party. In Zelensky’s proposed scenario, the third party will serve as an intermediary and any deal will only be...

NATO is flirting with war and extinction. France is now “officially” sending troops to Ukraine (they have been there for some time) and NATO countries are demanding strikes deep inside Russia. Meanwhile, the US has secretly made a “policy shift” that somewhat falls short of what Ukrainian President Volodymyr Zelensky wanted but opens the door to deep strikes by the US on Russian territory.

<p>'Any car company that’s not paying attention to them as a competitor is going to be lost when they hit their market. BYD’s entry into the U.S. market isn’t an if. It's a when....'</p><p>The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A shorter-range version costs under $10,000.</p>

Plagued by delays in ship repairs and outdated design practices, the US Navy faces mounting challenges in maintaining readiness and keeping pace with China’s rapid shipbuilding advancements. This month, USNI News reported that the US Government Accountability Office (GAO) revealed that fewer than 40% of US Navy ships had completed repairs on time, despite the availability of shipyard space. The GAO ranked shipyard conditions second only to F-35 Lightning II air fighter sustainment costs as the most problematic readiness issue facing the US armed services.