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Keyword: trade

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  • Executive Order on Amending Executive Order 13959–Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies

    01/13/2021 8:16:58 PM PST · by bitt · 26 replies
    whitehouse.gov ^ | 1/13/2020 | whitehouse.gov
    Dear Madam Speaker: (Dear Mr. President:) Pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code, I hereby report that I have issued an Executive Order taking further steps to deal with the threat posed by the People’s Republic of China’s (PRC) increasing exploitation of United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses which continue to allow the PRC to directly threaten the United States homeland...
  • Video: 83 Global Brands Tied to Forced Labor in China—Benedict Rogers

    01/13/2021 7:32:04 PM PST · by E. Pluribus Unum · 9 replies
    The Epoch Times ^ | JANUARY 13, 2021 | JAN JEKIELEK
    In China, we are seeing forced televised confessions, a mass surveillance state, the killing of Falun Gong practitioners for their organs, and what many are calling a genocide of the Uyghur people. 83 global brands, including major U.S. companies, are tied to Uyghur forced labor in China. Over in Hong Kong, 53 pro-democracy activists, lawmakers, and lawyers were arrested on Jan. 6 under the draconian national security law. Despite all this, the EU recently announced a major trade deal with China. American Thought Leaders interviews human rights activist and writer Benedict Rogers, founder of Hong Kong Watch and deputy...
  • Investment deal expected to bolster European dealmaking in China

    01/06/2021 11:39:28 PM PST · by Berlin_Freeper · 7 replies
    reuters.com ^ | JANUARY 7, 2021 | Kane Wu
    European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world’s second-largest economy and the European Union agreed to an investment deal last month, lawyers and bankers say.
  • Sinister catch exposes China’s underwater spies on Australia’s doorstep

    An unexpected catch has revealed Beijing’s sneaky underwater spying activities right on Australia’s doorstep – a scary new escalation in tensions. An unexpected Christmas catch has revealed Beijing is actively surveying critical shipping choke-points to Australia’s north. And that could have dire implications if our trade-spat worsens. Three undersea spy drones have been caught in Indonesian waters. They appear to be a Chinese design, and they were in shipping lanes crucial for Australia’s security. They look like simple tubes with wings. But they’re packed full of sensors and a long-range transmitter to send their discoveries back to headquarters. RELATED: Secret...
  • Chinese Firms Owe Roughly $24 Billion in Overdue Credit Bonds: Borrowers include state-run enterprises who were previously rated AAA by Chinese bond rating agencies

    12/26/2020 4:45:49 PM PST · by SeekAndFind · 21 replies
    Epoch Times ^ | 12/26/2020 | Nicole Hao
    The latest indicator of China’s economic woes is the number of credit bonds nationwide that could not be repaid on time—164 of them, involving a sum of 160 billion yuan (about $24.43 billion).Borrowers include state-run enterprises who were previously rated AAA by Chinese bond rating agencies.The Chinese market has three types of bonds: government bonds that were issued by different level governments; credit bonds issued by companies; and convertible bonds, issued by listed companies and which can be converted into shares of common stock in the issuing company or cash of equal value.Chinese state-run media Economic Observer reported the latest...
  • Brexit: Government to hold press conference as UK trade deal expected overnight

    12/24/2020 1:20:51 AM PST · by nickcarraway · 1 replies
    Daily Star (U.K.) ^ | 24 DEC 2020 | Lottie O'Neill
    The UK and European Union are on the threshold of striking a post-Brexit trade deal, and talks are expected to continue through the night to iron out the details of an agreementThe UK and EU could have Brexit trade deal agreed while talks continue overnight, with a press conference expected later in the morning. The expected deal comes with only days left before the current trading agreements expire on December 31 - New Year's Eve. Prime Minister Boris Johnson led a late-night call with Cabinet ministers to update them on the situation, reports PA. European Commission spokesman Eric Mamer suggested...
  • Trump Signs Bill That Could Kick Chinese Firms Off US Stock Exchanges

    12/18/2020 6:22:46 PM PST · by E. Pluribus Unum · 25 replies
    Newsmax.com ^ | Friday, 18 December 2020 04:32 PM
    President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said, giving the Republican one more tool to threaten Beijing with before leaving office next month. "The Holding Foreign Companies Accountable Act" bars securities of foreign companies from being listed on any U.S. exchange if they have failed to comply with the U.S. Public Accounting Oversight Board's audits for three years in a row. While it applies to companies from any country, the legislation's sponsors intended it to target Chinese companies listed in the...
  • Another CCP Win

    12/16/2020 11:29:44 PM PST · by Trump_vs_Evil_Witch · 23 replies
    You Stupid Boy ^ | 12-15-2020 | Howell Woltz
    “Senate Majority Leader Mitch McConnell (R-KY) quashed two election integrity bills in July last year after receiving thousands in donations from Dominion lobbyists.” (National File, Dec. 15, 2020) Not only has China Mitch gotten filthy rich by protecting his wife’s Chinese ship-building interests for many years (net worth jump from $3 million to $36 million) – it seems his recent re-election has a back story as well. Last July, much of the election fraud now paralysing my home nation could have been avoided, had ‘China Mitch’ not blocked two bills providing $775 million to “bolster election security” that would have...
  • Brexit breakthrough: EU CAVES to Boris sovereignty demands as 'progress' made in talks

    12/13/2020 9:59:41 PM PST · by Oshkalaboomboom · 6 replies
    Daily Express ^ | 12/14/2020 | MARTYN BROWN IN LONDON AND JOE BARNES IN BRUSSELS
    BREXIT trade talks will continue this week after the EU appeared to buckle over Boris Johnson's demands that British sovereignty must be respected. If no trade deal is agreed by then, Britain will walk away from the European Union and begin trading on World Trade Organisation terms from January 1.Sources close to the talks said both sides had made “progress” on the level playing field issue - one of the key differences between sides - after the EU dropped its “ratchet clause” demand for Britain to be permanently tied to the bloc’s regulations.The two teams are now exploring how the...
  • Big Business, Lawmakers Lobby to Cut U.S. Tariffs on China During Pandemic

    12/11/2020 3:13:13 PM PST · by DFG · 15 replies
    Breitbart ^ | 12/11/2020 | John Binder
    House Republicans and Democrats are joining retail corporations to ask United States Trade Representative (USTR) Robert Lighthizer to reduce tariffs on China in the midst of the Chinese coronavirus crisis. The National Retail Federation (NRF) is circulating a pre-written letter asking Lighthizer to reduce U.S. tariffs on China and extend tariff exemptions so certain corporations continuing to make their goods in China are exempt from having to pay significant costs to export their products back into the U.S. marketplace.
  • China Posts Record Month For Trade Thanks To Homebound, Bored Americans

    12/08/2020 7:57:47 AM PST · by BenLurkin · 14 replies
    NPR ^ | 12/07/2020 | Scott Horsley
    China's economy is roaring back as Americans gobble up everything from its cellphones to its health masks, raising the stakes for trade relations with the United States as President-elect [nope] Joe Biden gets set to take over. Data on Monday showed China notched a record $75.4 billion trade surplus in November after exports from China to the rest of the world jumped 21.1% compared to a year ago. Much of the increase was driven by a 46% jump in exports to the United States – despite tariffs imposed by President Trump that have contributed to the worst relations between the...
  • Trump Expands China Crackdown, Adds China's Top Chipmaker And Oil Producer To Defense Blacklist

    11/30/2020 7:05:46 AM PST · by SeekAndFind · 6 replies
    Dawson County Journal ^ | 11/30/2020 | Tyler Durden
    In hopes of making a renormalization in relations with Beijing next to impossible for Joe Biden, the Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, Reuters reported citing a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing.The latest crackdown comes after a report from Reuters earlier this month that the Department of Defense (DOD) was planning to designate four more Chinese companies as owned or controlled by the Chinese military, bringing the number of Chinese companies...
  • News Summary Intelligence Report Friday 11/27/2020 Black Friday Newsdump

    11/27/2020 7:39:36 PM PST · by Nextrush · 6 replies
    Nextrush Free ^ | 11/27/2020 | Nextrush/Self
    "The death rate appears not to be linked with the responses of governments..stringency of the measures settled to fight pandemia, including lockdown, did not appear to be linked with the death rate." There's research from French scientists saying that government restrictions taken against the coronavirus have not reduced the mortality rate... "making a statement that it's a different court" New York Governor Andrew Cuomo's view of the Thanksgiving Eve 5-4 decision from the US Supreme Court against Cuomo's restrictions on houses of worship in the state... Breaking News: Iran reporting the assassination of a prominent Iranian physicist. Moshen Fakhrizadeh and...
  • Regulators to End Preferential Treatment Given to US-Listed Chinese Companies.....

    11/27/2020 9:59:51 PM PST · by caww · 5 replies
    theepochtimes ^ | November 26, 2020 Updated: November 27, 2020 | Emel Akan White House economic policy reporter
    U.S. regulators are moving forward with a plan to crack down on Chinese companies traded in U.S. exchanges, overturning an agreement signed with Beijing in 2013 under the Obama administration. There were 217 Chinese companies listed on U.S. exchanges, with a total market valuation of $2.2 trillion, as of Oct. 2.....These Chinese companies have taken advantage of U.S. capital markets without complying with the same strict audit standards as their U.S. counterparts. Regulators in Beijing have 'refused' to allow audit inspections of U.S.-listed Chinese companies on the grounds of national security and state secrecy. The plan will require Chinese companies...
  • US, Taiwan sign pact to hold annual economic talks

    11/21/2020 6:47:01 PM PST · by blueplum · 3 replies
    The Asian Age ^ | 21 Nov 2020 | International Desk
    The US and Taiwan signed a pact to establish annual economic talks for five years despite objections by China to Washington's support for Taipei. The memorandum of understanding was signed after an inaugural round of economic talks in Washington on Friday. Future discussions will alternate between the US and Taipei, Brent Christensen, director of the American Institute in Taiwan, said in a briefing in Taipei on Saturday, reports Bloomberg.Both sides agreed that strategic cooperation on the semiconductor industry is a mutual priority, and will push for further collaboration in supply chains, science and technology, 5G and telecommunications security and global...
  • Tensions in the Chinese Bond Market As State Owned Companies Default: Chinese 10 Year Yield Premium Over US Treasuries Hits Record High

    11/19/2020 7:35:00 AM PST · by SeekAndFind · 7 replies
    USSA News ^ | 11/19/2020 | Tyler Durden
    With US Treasury yields capped around 0.90% amid concerns that in the absence of fiscal stimulus the Fed will need to step in with more easing (either in the form of extending QE maturities, or an outright expansion in QE), China is facing a different set of challenges and following the recent rout in the bond market following several unprecedented SOE defaults, overnight the Chinese 10Y yield rose another 2bps to 3.36%, and almost 90bps from the all time low of 2.48% hit in April.As a result, the premium for China’s 10-year government bonds over U.S. Treasuries of same duration...
  • Study on benefits, costs helped India govt firm up RCEP stand {India didn't join China's trade group}

    11/17/2020 5:42:11 AM PST · by Cronos
    Indian Express ^ | 17 November 2020 | Anil Sasi , Prabha Raghavan
    An internal assessment of India’s bilateral free trade agreements with nine countries, including five signatories of the Regional Comprehensive Economic Partnership (RCEP), played a pivotal role in the government firming its position against joining the mega trade pact. The assessment showed a “moderate utilisation rate” of Free Trade Agreements (FTAs) over a five-year period, and a trade deficit for India in most cases, save in regard to SAARC nations, The Indian Express has learnt. While the remaining RCEP members went ahead and inked a deal on Sunday — a little over a year after Prime Minister Narendra Modi announced India...
  • News Summary-Intelligence Report Sunday 11/15/2020

    11/15/2020 10:03:04 PM PST · by Nextrush · 5 replies
    Nextrush Free ^ | 11/15/2020 | Nextrush/Self
    Starting tomorrow no store in New Mexico no matter how large will be limited to only 75 customers at a time.... Citizens protesting today at the private residence of Utah Governor Republican Gary Herbert over his coronavirus lockdown orders... Police making arrests in two British cities this weekend going after people opposing the coronavirus lockdown... Police in London breaking up a baptism where 30 people gathered in violation of Prime Minister Boris Johnson's lockdown... An open air mass celebrated in Nantes, France today to protest government coronavirus restrictions on indoor worship... France's leading opposition politician, Marine Le Pen of the...
  • Asia-Pacific Countries Sign World’s Largest Free Trade Deal In “Coup For China”; India, Taiwan Not Part of Deal

    11/15/2020 7:09:21 PM PST · by SeekAndFind · 25 replies
    USSA News ^ | 11/15/2020 | Tyler Durden
    Nothing less than a major milestone in global economic history and a huge victory for China over increasing US regional hegemony has been realized on Sunday with the signing of the biggest free trade deal ever among fifteen Asia Pacific Nations.Called the Regional Comprehensive Economic Partnership, or RCEP, the agreement was signed virtually during the annual summit of the 10-nation Association of Southeast Asian Nations (ASEAN), and effectively establishes the world's largest trading block that is expected to encompass almost one-third of all global economic activity, crucially without the United States.Via Grain.orgIt's being further seen as a massive blow to...
  • White House halts Americans from investing in companies with ties to Chinese military......Boom! TSK!

    11/12/2020 2:43:09 PM PST · by caww · 6 replies
    washingtonexaminer ^ | 11/12/2020 | Katherine Doyle
    President Trump has signed an order barring Americans from investing in a batch of Chinese companies that the White House says hold ties to China's military. News that Trump had signed the executive order, which prevents American businesses and individuals from owning stock directly or indirectly from a list of 31 businesses identified by the administration, was reported Thursday by the Wall Street Journal. Investors will have until November 2021 to divest of the securities in question. Divisions of two companies, China Mobile Communications and China Telecommunications Corp., trade on U.S. exchanges. The U.S. government argues that these companies support...