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Keyword: trade

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  • By Forcing Control On Hong Kong, Beijing Killed The Golden Goose

    05/30/2020 8:00:27 AM PDT · by Kaslin · 8 replies
    The Federalist ^ | May 30, 2020 | Helen Raleigh President Donald Trump announced Friday that he has directed his administration to “begin the process of eliminating policy exemptions that give Hong Kong different and special treatment.” His announcement came a day after China’s People’s Congress passed Beijing’s controversial new national security law related to Hong Kong. Trump’s announcement will profoundly affect the future of Hong Kong and the U.S.-China relationship.The president’s decision was based on Secretary of State Mike Pompeo’s certification to Congress Wednesday that “Hong Kong is no longer autonomous from China,” a decision he said gave him no pleasure but that “sound policy-making requires a recognition...
  • Here's 23 Questions Joe Biden Needs To Answer About China

    05/29/2020 3:14:50 PM PDT · by Its All Over Except ... · 16 replies
    The Federalist ^ | 5/29/2020 | Ben Weingarten
    Communist China poses a greater threat to America and our interests abroad than any other nation in the world. If it wasnt clear prior to the spread of the Chinese coronavirus, resulting largely from the Chinese Communist Partys Chernobyl-like response, the subsequent threats should crystallize this point. It has acted malevolently toward the U.S., our European and Anglosphere allies, Hong Kong, Taiwan, and India, and across the South China Sea. Countering the CCP is essential to preserving American life, limb, and liberty. The public deserves to know what presumptive Democratic presidential nominee Joe Bidens approach to China would be. After...
  • Heres 23 Questions Joe Biden Needs To Answer About China

    05/29/2020 7:07:02 AM PDT · by Kaslin · 13 replies
    The Federalist ^ | May 29, 2020 | Ben Weingarten
    Will Biden disavow his decades of support for Chinas rise and follow Trumps lead? Communist China poses a greater threat to America and our interests abroad than any other nation in the world. If it wasnt clear prior to the spread of the Chinese coronavirus, resulting largely from the Chinese Communist Partys Chernobyl-like response, the subsequent threats should crystallize this point. It has acted malevolently toward the U.S., our European and Anglosphere allies, Hong Kong, Taiwan, and India, and across the South China Sea. Countering the CCP is essential to preserving American life, limb, and liberty. The public deserves to...
  • Reshuffling: Oil price crash alters priorities, greases skids to new world order

    05/28/2020 8:19:26 PM PDT · by E. Pluribus Unum · 11 replies
    The Washington Times ^ | Thursday, May 28, 2020 | Ben Wolfgang and Guy Taylor
    The sustained plunge in global oil prices has brought deep, unexpected shifts on the geopolitical landscape, with impacts felt in the Arctic and the Middle East, and in the fortunes of the American heartland and the future of the Russian-Chinese strategic alliance. A U.S.-engineered market truce has helped energy prices rebound slightly this month after flatlining in April, but analysts say reverberations will likely be felt for years to come as they chip away at the foundational international partnerships in the post-World War II era and create new alliances and rivalries. Analysts say there is no way the U.S. and...
  • Here We Go: Stock Market Selloff Starts Tomorrow?

    A couple of major signals suggest market selloff soon. As of past couple of days, T-Bond Futures are not correlating with the current rise in the stock market; this has historically meant a selloff eminent. Second, volume analysis suggests the very upper limit of this rally is when the S&P hits 3069 for this week. So, the selloff could come today (5/28/2020) if S&P hits 3069.
  • Senate moves to delist Chinese companies from US stock exchanges; The bill's fate is uncertain in the House

    05/28/2020 7:31:54 AM PDT · by SeekAndFind · 7 replies
    Yahoo Finance ^ | 05/28/2020 | Ben Werschkul
    The Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies listed on U.S. exchanges. The legislation would require the companies to submit to a range of stringent provisions to avoid being booted. First, they must disclose whether they are owned or controlled by a foreign government. Second, and perhaps most intrusively, they would have to comply with audits from the Public Company Accounting Oversight Board (PCAOB) for three years in a row. We just want Chinese companies to play by the same rules as everybody else, said Sen. Chris Van Hollen (D-MD) during an appearance...
  • Rep. Wagner's plan punishes China-Inside the U.S.

    05/27/2020 3:19:23 PM PDT · by Missouri gal · 20 replies
    Missourinet ^ | May 26, 2020 | Ashley Byrd
    There have been efforts to sue and admonish China for its role in the coronavirus spread...The congresswoman from the Saint Louis region, Ann Wagner, says she is taking an approach that is more realistic in a bill she filed last week to take away Chinese-owned assets in America. The proposed Compensation for Americans Act directs the President to employ a series of measures including creating a public repository of Chinese assets and holdings in the United States, imposing travel restrictions on Chinese officials and medical equipment suppliers and removing China from its status in the United Nations and the World...
  • US will pay for companies to bring supply chains home from China: Kudlow

    05/26/2020 11:54:57 AM PDT · by knighthawk · 37 replies
    Fox Business ^ | May 26 2020 | Jonathan Garber
    The Trump administration is willing to pay for U.S. companies to uproot their supply chains and bring them home from China, according to the president's top economic adviser. The COVID-19 pandemic has caused supply chain disruptions and elevated concerns the U.S. has become too reliant on production in Asia, and specifically China, for goods and key technologies. China is the world's largest producer of personal protective equipment, including masks, test kits and more that is needed to control the spread of COVID-19, which was first identified in Wuhan, China, and has infected more than 5.5 million people worldwide.
  • Dow Futures Surge As Re-Opening Moves in Major Global Economies Offset US-China Tensions

    05/26/2020 2:50:31 AM PDT · by John W · 5 replies
    The Street ^ | May 26, 2020 | Martin Baccardax
    Wall Street futures surged higher Tuesday as markets shrugged off concerns over U.S.-China tensions and looked to improving coronavirus infection data, as well as the re-opening of major economies around the world. With all 50 U.S. states now operating under some form of lockdown easing, and countries from Japan to the United Kingdom lifting stay-at-home orders and allowing stores and small business to re-open, investors are betting that the worst of the pandemic, which has taken nearly 350,000 lives around the world, has passed. U.S.-China tensions remain simmering, however, andWhite House National Security Adviser Robert O'Brien warned over the weekend...
  • The China Syndrome Ghosts of Pandemics Past & Affinity for Despotism

    05/25/2020 8:33:30 PM PDT · by Phillyred · 3 replies
    The Jewish Voice ^ | Howard Barbanel
    Theres an old joke about eating Chinese food that says after youve had a big meal, youre hungry again a half hour later. That may be true for us but probably also for them too because the foods they have an insatiable appetite for can literally kill you. Iguanas, koala bears, pelicans, dogs, cats and especially bats. Eating bats is literally batshit crazy and harvesting bat guano (excrement) to diddle around with the viruses in their feces is probably what has put us in the two-month Corona lockdown and corresponding economic meltdown weve been suffering from. Covid-19 is far from...
  • Opinion: Were now seeing the sharp edge of volatilitys sword and it cuts deep

    05/23/2020 7:18:37 AM PDT · by MeneMeneTekelUpharsin · 8 replies
    Market Watch ^ | 23 May 2020 | Satyajit Das
    Central bank actions have for the most part suppressed market volatility since the financial crisis of 2008. This is part of a deliberate strategy to lower risk, which is measured by volatility. Reduced risk, its hoped, will facilitate borrowing to boost growth. Yet these measures have failed in their primary objective, instead encouraging speculation which now exerts significant influence over markets and prices. Artificially low volatility has driven a wide range of investment strategies which generate small returns under stable conditions but are vulnerable to large losses under stressful conditions. Depending on how it is measured, an amount of...
  • German business gaining traction in China again: DIHK

    05/22/2020 4:01:56 PM PDT · by Berlin_Freeper · 5 replies ^ | MAY 21, 2020 | Reuters
    BERLIN (Reuters) - German exporters are regaining momentum in their trade with China, epicenter of the coronavirus outbreak, Martin Wansleben, managing director of Germanys DIHK chambers of industry and commerce, told Reuters on Thursday. German manufacturers depend on both demand and supply chains from China, their countrys biggest trading partner. In China, the economic trough seems to have bottomed out, Wansleben said, adding that 70 to 80% of German companies are able to produce and deliver again in the Middle Kingdom.
  • Why the Threat of Delisting Chinese Stocks Is Great News for Investors

    05/22/2020 8:11:38 PM PDT · by SeekAndFind · 8 replies
    Money and Markets ^ | 05/22/2020 | Matthew Clark
    The U.S. Senate approved legislation Wednesday that would require companies listed on stock exchanges to certify they aren’t under the control of a foreign government.It specifically takes aim at companies based in China that could be working under the influence of the Communist government in Beijing.The news sent shares of Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) tumbling Wednesday. Shares were down another 3% through afternoon trading Thursday.Lawmakers have expressed concern that American money is funding Chinese efforts to dominate fields from artificial intelligence to internet data collection.“I do not want to get into a new Cold War,”...
  • United States Strategic Approach to The Peoples Republic of China

    05/22/2020 1:01:09 AM PDT · by drop 50 and fire for effect · 37 replies
    The White House ^ | 20 May 2020 | National Security Council Staff
    Since the United States and the Peoples Republic of China (PRC) established diplomatic relations in 1979, United States policy toward the PRC was largely premised on a hope that deepening engagement would spur fundamental economic and political opening in the PRC and lead to its emergence as a constructive and responsible global stakeholder, with a more open society. More than 40 years later, it has become evident that this approach underestimated the will of the Chinese Communist Party (CCP) to constrain the scope of economic and political reform in China. Over the past two decades, reforms have slowed, stalled, or...
  • Senate passes Kennedy and Van Hollens bill to kick deceitful Chinese companies off U.S. exchanges

    05/21/2020 8:40:19 AM PDT · by posterchild · 14 replies
    Sen Kennedy website ^ | May 20,2020 | Kennedy staff
    The Holding Foreign Companies Accountable Act prohibits securities of a company from being listed on any of the U.S. securities exchanges if the company has failed to comply with the Public Company Accounting Oversight Boards (PCAOB) audits for three years in a row. The bill would also require public companies to disclose whether they are owned or controlled by a foreign government, including Chinas communist government.
  • Is COVID-19 Our New Sputnik Moment?

    05/18/2020 6:56:44 AM PDT · by Kaslin · 10 replies
    American ^ | May 18, 2020 | Robert Weissberg
    American universities are troubled institutions. More serious than the attention-getting P.C. madness, however, has been the subversion of intellectual standards armies of "diversity and inclusion" bureaucrats tasked with admitting unqualified students academically dependent on easy-to-pass fluff courses in gender studies and the like. Add grade inflation and, if that fails, endless tutoring to push troubled students to meaningless degrees. If that, too, fails, eliminate admissions tests to end "white privilege." So far, efforts to reverse this intellectual decline have fallen short, but, as odd as it may seem, the COVID-19 virus outbreak and the attendant financial crisis offer an...
  • Chinese officials refuse to call Australia back as coronavirus trade tensions bubble over

    05/16/2020 8:39:21 PM PDT · by nickcarraway · 13 replies
    ABC News (Australia) ^ | Brett Worthington
    High-ranking calls to China have gone unanswered amid an escalating trade dispute with Australia that has been fuelled by calls to investigate the origins of the deadly coronavirus pandemic. Trade Minister Simon Birmingham has been seeking to speak with his counterpart since China threatened to impose an 80 per cent import tariff on Australian barley. China will make its final decision on the tariff on Tuesday. If it follows through with the threat, Australian exporters fear it will cripple a once-lucrative market. "We've made a request for me to be able to have discussions with my Chinese counterpart," Senator Birmingham...
  • Trump threatens to cut 'whole relationship' with China (Nikkei Asian Review)

    05/16/2020 1:04:04 AM PDT · by cba123 · 135 replies
    Nikkei ^ | May 15, 2020 | ALEX FANG, Nikkei staff writer May 15, 2020 05:26 JST
    Trump threatens to cut 'whole relationship' with China -- NEW YORK -- U.S. President Donald Trump said Thursday that he is currently not on speaking terms with Chinese President Xi Jinping and that Washington could go as far as severing the "whole relationship" with Beijing if trade relations do not improve.
  • The president strikes back: Trump blocks shipments of semiconductors to China's Huawei

    05/15/2020 8:50:14 AM PDT · by kevcol · 19 replies
    The Washington Times ^ | May 15, 2020 | Dave Boyer
    President Trump moved on Friday to block shipments of semiconductors to Chinese giant Huawei Technologies from global chipmakers, a step that could escalate tensions with Beijing. The Commerce Department announced it is amending an export rule to strategically target Huaweis acquisition of semiconductors that are the direct product of certain U.S. software and technology. Huawei uses semiconductors to make its smartphones. The company has warned that the Chinese government would retaliate if the U.S. took the action.
  • Head of World Trade Organization to step down early

    05/14/2020 9:52:13 AM PDT · by Olog-hai · 9 replies
    Associated Press ^ | May 14, 2020
    The head of the World Trade Organization said Thursday he will leave his post a year before his term expires, an unprecedented mid-term resignation at the WTO that he called a personal decision. Roberto Azevedo, a former diplomat from Brazil, said he will step down on Aug. 31, cutting short a seven-year tenure marked in recent years by intense pressure from U.S. President Donald Trump, who accused the Geneva-based trade body of an anti-U.S. bias and other complaints. This is a decision that I do not take lightly, Azevedo told a special meeting of WTO delegations. It is a personal...