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Keyword: trumpasia

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  • Trump Announces 'Very Substantial' But Partial China Trade Deal

    10/11/2019 3:56:42 PM PDT · by Aquamarine · 65 replies
    International Business Times ^ | Oct. 11, 2019 | Douglas Gillison
    President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products. With the agreement -- which also covers intellectual property, financial services and currencies -- the White House will hold off on a massive tariff increase planned for next week, and as negotiations progress new tariffs planned for December also could be called off, US officials said. The interim bargain could allow both economic powers to claim success, while averting damaging escalation in the trade war and leaving...
  • Trump to farmers: ‘Buy more land and get bigger tractors’

    10/11/2019 6:00:23 PM PDT · by E. Pluribus Unum · 14 replies
    NOQ Report ^ | October 11, 2019 | Chastity Mansfield
    President Trump announced today a “phase one” trade agreement with China. Part of the deal includes a dramatic increase in agricultural products to be sold to China, ramping up from around $16 billion worth per year at its highest historic mark to $40-$50 billion per year moving forward. Current levels are estimated at around $8 billion. While announcing it, the President said farmers should immediately “buy more land and get bigger tractors.” The deal is expected to be written and signed in three to five weeks. It was negotiated on China’s behalf by Chinese Vice Premier Liu He. Both...
  • China tempers optimism for a trade deal, says ‘stay tuned’ for blacklist retaliation

    10/08/2019 11:42:01 AM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 10/07/2019 | Yun Li
    China poured cold water on hopes for a trade deal, signaling it would retaliate against the U.S. threat to put Chinese tech companies on a blacklist, just two days ahead of the highly anticipated trade talks in Washington. Chinese Foreign Ministry spokesman Geng Shuang on Tuesday said “stay tuned,” when asked whether China would retaliate for the blacklist over alleged human rights violations against Muslim minorities. “We urge the U.S. to immediately correct its mistake, withdraw the relevant decision and stop interfering in China’s internal affairs,” Geng said at a news conference according to a transcript on the Foreign Ministry’s...
  • The NBA Is Just One Of Many American Firms In Thrall To China

    10/08/2019 8:15:26 AM PDT · by SeekAndFind · 17 replies
    The Federalist ^ | 10/07/2019 | John Daniel Davidson
    The Chinese Communist Party is using its economic leverage to exploit global corporate power for its own ends, and American firms are helping. We shouldnÂ’t suppose the NBA-China affair is something new or strange. In many ways, it was entirely predictable, right down to the simpering apologies and walk-backs. But we should understand that blow-ups like this are going to happen more frequently unless U.S. policymakers, American consumers, and major corporations work together to reconnect strategic national interests to economic activity.There are two reasons for this. The first is growing Chinese aggression abroad and despotism at home, fueled by BeijingÂ’s...
  • China’s Banks Are Running Out of Dollars

    10/07/2019 5:21:37 AM PDT · by BeauBo · 43 replies
    WSJ ^ | April 23, 2019 | Mike Bird
    China’s major commercial banks have a funding issue outside Beijing’s control: They’re running low on the U.S. dollars they need for activities both at home and abroad. The combined dollar liabilities at the big four commercial banks exceeded their dollar assets at the end of 2018, their annual results show—a sharp reversal from just a few years ago. Back in 2013, the four together had around $125 billion more dollar assets than liabilities, but now they owe more dollars to creditors and customers than are owed to them. Bank of China is by far the greatest contributor to the shift....
  • Chinese Banks Running Out of Cash

    10/06/2019 6:33:03 PM PDT · by LS · 127 replies
    @FreeHKer ^ | 10/6/2019 | @FreeHKer "China banks are running out of cash in HKD and USD. Maximum withdrawal limit drop from USD1300 to USD38. A drop of 34 times. China financial doom day coming. @Jkylebass @GordonGChang @robert_spalding
  • In Addition To Impeachment, Democrats Announce Plans To Get Involved In A Land War In Asia

    09/26/2019 7:01:36 AM PDT · by Lazamataz · 17 replies
    Babylon Bee ^ | September 25th, 2019
    WASHINGTON, D.C.—At the same press conference where she announced plans to begin formal impeachment proceedings against President Donald Trump, House Speaker Nancy Pelosi also announced Democrats’ intent as soon as possible to get involved in a land war in Asia. Pelosi said the two initiatives would be grouped together in a legislative package called “Easy Wins with No Unintended Consequences that Could Never Go Wrong and Blow Up in Our Faces for the Children Act of 2019.” According to Pelosi, the act would also include other initiatives like co-signing on a loan for a boat and letting our brother-in-law crash...
  • UN chief warns of a world divided between US and China

    09/26/2019 6:45:47 AM PDT · by cba123 · 16 replies
    AP ^ | Yesterday | Edith Lederer
    UNITED NATIONS (AP) — U.N. Secretary-General Antonio Guterres warned global leaders Tuesday of the looming risk of the world splitting in two, with the United States and China creating rival internets, currency, trade, financial rules “and their own zero sum geopolitical and military strategies.” (please see article at the link)
  • Caution Needed Before The U.S. Gets Involved In Hong Kong

    09/09/2019 8:09:26 AM PDT · by SeekAndFind · 47 replies
    Hotair ^ | 09/09/2019 | Taylor Millard
    A glimmer of hope emerged in Hong Kong last week after the formal withdrawal of the extradition bill by Chief Executive Carrie Lam. Demonstrations have been ongoing since June when protestors took to the streets in opposition to the bill, which they claim erodes the legal system. As of now, it appears the withdrawal of the bill has done nothing to placate demonstrators.Another round of violence between protesters and police broke out on Sunday night which ended with a volunteer aid worker shot by police with a bean bag round or rubber bullet. Riot officers lobbed multiple tear gas...
  • Hong Kong protesters march to US Consulate to call for help from Trump

    09/08/2019 5:29:49 AM PDT · by KC_Lion · 85 replies
    CNN ^ | September 8, 2019 | Julia Hollingsworth and Caitlin Hu
    (Video at Source) Hong Kong (CNN) - Protests calling on US President Donald Trump to intervene in the ongoing Hong Kong political standoff escalated rapidly Sunday, with marchers setting fire to a barricade outside a subway station entrance in the city's business district. Earlier in the day, tens of thousands of protesters waving US flags marched on Hong Kong's US Consulate to call for help from the Trump administration in ending a three-month confrontation with the government. The march began in the Chater Garden public park in Central before heading to the consulate as part of the 14th straight weekend...
  • Trump was so angry after China’s trade retaliation that he wanted to double tariffs

    09/04/2019 1:36:10 AM PDT · by Zhang Fei · 49 replies
    CNBC ^ | Published Tue, Sep 3 2019 4:07 PM EDT, Updated Tue, Sep 3 2019 6:02 PM EDT | Kayla Tausche, Jacob Pramuk
    President Donald Trump wanted to double tariff rates on Chinese goods last month after Beijing’s latest retaliation in a boiling trade war before settling on a smaller increase, three sources told CNBC. The president was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in U.S. products in response to new tariffs from Washington on Sept. 1. His initial reaction, communicated to aides on a White House trade call held that day, was to suggest doubling existing tariffs, according to three people briefed on the matter. Treasury Secretary Steven Mnuchin and U.S....
  • Hong Kong: Carrie Lam withdraws controversial extradition bill

    09/04/2019 3:43:25 AM PDT · by cba123 · 14 replies
    DW ^ | 2 hours ago
    Carrie Lam has withdrawn the bill that triggered mass protests, confirming earlier reports from the South China Morning Post, Cable TV and online news portal HK01. (Interesting)
  • Report: North Korea preparing ballistic missile submarine

    08/28/2019 12:02:09 AM PDT · by Eleutheria5 · 74 replies
    Arutz Sheva ^ | 28/8/19
    North Korea appears to be preparing to test a new ballistic missile submarine capable of launching nuclear missiles, significantly bolstering the regime’s ability to conduct long-distance attacks. Satellite photographs taken Monday of the Sinpo South Shipyard in North Korea show the new submarine with nearby cranes and support craft, suggesting the submarine may be in preparation for a launch test. Last month, North Korea claimed that Kim Jong Un had inspected a “newly built submarine” at the shipyard. The new photographs appear to confirm the claim, say Joseph Bermudez and Victor Cha of Beyond Parallel, a research project backed by...
  • Trump will raise tariff rates on Chinese goods in response to trade war retaliation

    08/23/2019 3:00:51 PM PDT · by mplc51 · 145 replies
    CNBC ^ | 08/23/2019 | Jacob Pramuck
    President Donald Trump said the U.S. will hike tariffs on most imports from China as his trade war with Beijing escalates. The U.S. will raise duties on $250 billion in Chinese goods to 30% from 25%, and increase tariffs on another $300 billion in products to 15% from 10%. Earlier, China announced new tariffs on $75 billion in U.S. goods — and Trump ordered U.S. companies to find an “alternative” to operating in China.
  • Photos show North Korea may be building submarine capable of launching nuclear missile, report says

    08/27/2019 10:34:43 PM PDT · by AmericanInTokyo · 18 replies
    Fox News ^ | Fox News
    New photos taken of a North Korean shipyard suggest the country could be building a submarine that could potentially be capable of launching a nuclear missile, a report early Tuesday said. The photos show vessels and cranes that could be used to haul a missile out to sea for launch, according to experts at a Washington-based think tank, NBC News reported. The satellite photos seem to confirm North Korean state media reports from July about a newly built submarine. “There is no conclusive evidence at the moment that this is a near-term certainty,” an expert said of a possible missile test. Once a...
  • Marines Considering Flying U.S. F-35Bs Off of Japan’s Largest Warships

    08/26/2019 3:45:16 AM PDT · by robowombat · 10 replies
    USNI News ^ | August 23, 2019 10:51 AM | Sam LaGrone
    Marines Considering Flying U.S. F-35Bs Off of Japan’s Largest Warships By: Sam LaGrone August 23, 2019 10:51 AM THE PENTAGON – Officials in Tokyo have requested Marines deploy F-35B fighters aboard Japan’s largest warships, a U.S. defense official confirmed to USNI News on Friday. The service is now studying the feasibility of deploying short take-off vertical landing (STOVL) fighters from JS Izumo (DDH-183) and JS Kaga (DDH-184), Japan’s 24,000-ton big deck amphibious. The warships were originally designed to field a fleet of anti-submarine warfare helicopters and respond to humanitarian aid and disaster relief. However, in December Prime Minister Shinzo Abe...
  • US Military Official Confirms China Deal to Use Cambodian Naval Base

    08/26/2019 4:32:51 AM PDT · by robowombat · 19 replies
    VOA News ^ | August 25, 2019 | Neou Vannarin
    US Military Official Confirms China Deal to Use Cambodian Naval Base By Neou Vannarin August 25, 2019 A senior U.S. Indo-Pacific Command officer August 15 confirmed Cambodia and China are proceeding on a base for China's navy in the Southeast Asian country's Preah Sihanouk province. Army Brigadier General Joel B. Vowell said construction would begin next year at Ream Naval Base, confirming to a group of regional journalists here that Cambodia will grant China access to the deep coastal waters on the Gulf of Thailand. "We have information that tells us that there will be some development by the People's...
  • North Korea Successfully Test-fires Newly Developed Super-large Multiple Rocket

    08/26/2019 4:27:43 AM PDT · by robowombat · 27 replies
    Successful Test-fire of Newly Developed Super-large Multiple Rocket Launcher Held under Guidance of Supreme Leader Kim Jong Un Korean Central News Agency of DPRK Date: 25/08/2019 Pyongyang, August 25 (KCNA) -- Kim Jong Un, chairman of the Workers' Party of Korea, chairman of the State Affairs Commission of the Democratic People's Republic of Korea and supreme commander of the armed forces of the DPRK, guided the test-fire of newly developed super-large multiple rocket launcher on Saturday. The Supreme Leader of the Party, state and armed forces learnt about the development of the super-large multiple rocket launcher system and issued an...
  • HUGE! China Caves

    08/26/2019 6:08:31 AM PDT · by mplc51 · 48 replies
    GP ^ | August 26, 2019 | Jim Hoft
    HUGE! China Caves — Announces Willingness to Seek Calm End to Trade War After Markets CrashThe regime can either give the US what it wants or perish. President Trump recognizes that China is in an all out war with the US in regards to information and economics. For years Western leaders have done nothing but negotiate into weak positions, never standing up to the Communist regime. Former US Presidents treated China like they did Russia 50 years ago, as their superior always giving them what they wanted and never standing up to their abuse and criminal acts.
  • BREAKING: BIG NEWS! President Trump Reaches Historic Trade Deal with Japan (Video)

    08/25/2019 7:20:37 AM PDT · by mplc51 · 136 replies
    GP ^ | August 25, 2019 | by Jim Hoft
    President Donald Trump is attending the G7 Summit in Biarritz, France this weekend. The liberal mainstream media was pretty certain this would be a complete disaster and that the countries were at odds. This is what they reported for several days before the summit began. Then President Trump dropped this wonderful news on Sunday.