The Fog of War obscures much about the novel coronavirus pandemic. But 2 facts are certain, 1) China’s Communist authorities have lied, concealed and misled about the origins of the epidemic and the toll of the virus in China, and 2) the World Health Organization has acted as Beijing’s handmaid. The result: The global toll of this […]
$USO $BA In this time of global crisis and economic uncertainty, both Democrats and Republicans have been seeking to exploit the China Virus pandemic in pursuit of partisan policy objectives. Bad policy! The Washington Free Beacon has come up with 10 elements to fix and shield the US economy from the WHO/China Virus crisis. Congress should […]
The US and the West cannot be dependent upon China for Key pharmaceuticals, President Trump’s policies are changing that and bring the API and medical equipment manufacturing home. Thursday, Fred Fleitz, the President of the Center for Security Policy, told the press that the US must make “some very serious demands on China” regarding the […]
If any 1 country deserves to have the name “Chinese” attached to a pandemic, it’s China, which did all it could to conceal the outbreak rather than contain it. For weeks, China covered up the coronavirus pandemic. And in the days and weeks after the crisis became evident, China left its airports and borders open, […]
Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 US-China trade deal, although that could change as more data becomes available in coming weeks. Finance officials from the world’s 20 largest economies aka G-20, said Sunday they would keep a close watch […]
President Trump praised China for giving the death penalty to drug dealers. Answering a question about fentanyl crossing the US-Mexico border during a White House event Monday. President Trump invoked conversations he had with Chinese President Xi and his country’s crackdown on dealers of the powerful synthetic opioid. “I met with President Xi on the […]
Documents to be released Wednesday will show skeptics that a Phase 1 US-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, USTreasury Secretary Steven Mnuchin said Tuesday. President Trump is due to sign the trade pact with Chinese Vice Premier Liu He at a ceremony at […]
2 of the “biggest and best trade deals ever in American history” could be signed within a week of each other, according to assistant to the President and Director of the Office of Trade and Manufacturing Policy Peter Navarro. The US-Mexico-Canada Agreement (USMCA) will likely pass the Senate, with a bipartisan vote, as early as this […]
President Trump said he will sign ‘Phase 1’ of a trade deal with China on 15 January sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. “The ceremony will take place at the White House,” he said on his Twitter account […]
China has unveiled a regulation on implementing the foreign investment law (FDI) to better protect the legitimate rights and interests of foreign investors. Premier Li Keqiang signed a State Council decree to publish the regulation. It takes effect on 1 January 2020, the same day when the law becomes effective. As a matching regulation to […]
The White House’s trade adviser Peter Navarro, said Monday that a preliminary trade deal with Beijing is completed. “That’s a done deal, put that one in the bag,” Mr. Navarro said on TV. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will […]
Friday, President Trump Tweeted Friday that he had “a very good talk” with President Xi Jinping of China on trade and that Beijing “has already started large scale purchases of agricultural products and more.” “Formal signing being arranged,” President Trump said in the post, in which he noted further that “progress” was being made because he and […]
Wider, deeper opening up to reshape China’s economic landscape Opening up has been among the major policy moves that underpinned China’s huge economic growth over the past decades, and even though protectionism is on the rise, the country has been steadily delivering its promise of opening its doors wider. At a Key economic conference earlier […]
Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement. “They are… going to double our exports to China,” National Economic Council Director Larry Kudlow said on TV. The Big Q: What is in the […]
Monday, white House economic adviser Larry Kudlow said trade deals with China, Canada, and Mexico will strengthen the economy, adding that exports will double with China under the P-1 of President Trump’s new agreement. “These deals are both pro-growth and yeah, they do remove some uncertainty,” he said. “They also increase incentives to invest…I think […]
US Treasury Secretary Steven Mnuchin said Saturday a “P-1” trade deal between the United States and China was “very good” for global economic growth, and added that the 2nd phase could come in several steps. The United States and China cooled their trade dispute Friday, announcing a “P-1” agreement that reduces some US tariffs in […]
White House economic adviser Larry Kudlow predicts that Y 2020 “will be a very, very strong economic year” as the jobs market only stands to get stronger in the wake of Friday’s China-US trade deal. “I think it will be pro-growth. I think it will help business confidence and business investment,” Mr Kudlow said. Kudlow spoke […]
Larry Kudlow says a trade deal with China is close, but warned that President Trump is prepared to ”walk away” if some conditions are not met. He said in a TV interview that the US and China are close to a trade deal, “probably even closer than in mid-November.” He added, the President is not yet […]
Wednesday, President Trump signed a bill into law that expresses US support for Hong Kong protesters, a move that may strain relations with China and further complicate the president’s effort to wind down his trade war with Beijing. The legislation, S. 1838, requires annual reviews of Hong Kong’s special trade status under American law and […]
Despite Beijing’s strong and repeated opposition, the US Senate last Tuesday passed the so-called Hong Kong Human Rights and Democracy Act of 2019. By passing the bill, the Senate has not only shown indifference to the chaotic situation on the ground and the need to end violence and restore order, but also tried to embolden […]
China has invited Top US trade negotiators for a new round of face-to-face talks in Beijing in its continued efforts to strike a limited deal, the Wall Street Journal reported Thursday. The report said Chinese Vice Premier Liu He invited US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin for a meeting in Beijing, […]
The United States will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade dispute, President Trump said Tuesday, threatening an escalation of the action that has damaged economic growth of the world’s 2nd largest economy severely. Speaking at a cabinet meeting at the White House, President Trump said […]
Chinese President Xi Jinping said the most pressing task for Hong Kong at present is to bring violence and chaos to an end and restore order. Xi made this clear stance of the Chinese government on Hong Kong’s situation while he was attending the 11th BRICS Summit in Brasilia, capital of Brazil, Thursday. He said […]
It is not surprising that “stories are bouncing around” on the US-China trade deal, but the measure will be reached “in all likelihood,” Commerce Secretary Wilbur Ross said Friday. “This Phase 1 is relatively limited in its scope, and what’s really being debated is how many limitations will there be on the scope of Phase […]
Tuesday, President Trump on said the United States is close to signing a ‘Phase 1’ trade deal with China. President Trump added in a speech to the Economic Club of New York he will only accept a deal if it is good for his country and US workers. For weeks Trump has said the countries are close to […]
The Trump Trade Policy is Working Collected a Record $7-B in Tariffs in September Tariff revenue rose 9% from August and was up more than 59% from a year earlier. The US collected a record $7-B in import tariffs in September, fresh figures show, as new duties kicked in on apparel, tools, electronics and other […]
Thursday, China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade dispute, the Chinese commerce ministry said. The interim US-China trade deal is widely expected to include a U.S. pledge to scrap tariffs scheduled for 15 December on about $156-B worth of Chinese imports, including cell phones, […]
Tuesday, China Tuesday promised more improvements in conditions for foreign companies including an end to officials pressing them to hand over technology; a Key irritant in its tariff war with Washington. The announcement adds to a number of market-opening promises by the government, which is trying to make China’s cooling, state-dominated economy more productive. Beijing […]
The initial deal on US-China trade will include much of the scuttled May deal’s agreement regarding IP (intellectual property) and will target enforcement mechanisms, White House trade adviser Peter Navarro said early Thursday, adding that he hopes the Chinese negotiate in “good faith.” “The good news about this phase one … is it adopted virtually […]
$SPY Equity indices in the Asia-Pacific region ended Tuesday on a higher note. Japan’s Nikkei Closed, Hong Kong’s Hang Seng +0.2%, China’s Shanghai Composite +0.5%, India’s Sensex -0.9%, SKorea’s Kospi +1.2%, Australia’s ASX All Ordinaries +0.3%. S&P 500 futures are up Tuesday, suggesting there is pace for the underlying gauge to extend gainers after it […]
China on Sunday said it aims to become a “great power” in the online world and took a swipe at Washington on trade, kicking off its annual conference promoting the Communist Party’s controlled and censored version of the internet. US-China rivalry is increasingly playing out in the digital sphere, as Beijing pursues dominance in next-generation […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stock market guru, Jim Cramer said President Trump has the upper hand in the China trade distpute because tariffs are hurting the Chinese economy way more than the US economy. “Hate him or like him, he has them where he wants them,” Mr. Cramer said on TV Friday. “I always […]
“Whatever happened to Hunter? Where the hell is he?” President Trump asked his rally crowd. “Let’s do another T-shirt. Where’s Hunter?” Soon after the rally, President Trump’s 2020 campaign website started selling $25 T-shirts emblazoned with “Where’s Hunter?” Forcing him out of his low-profile stance on the brewing China-Ukraine scandal. President Trump has called on […]
The National Basketball Association won’t gag its personnel or apologise over a team executive’s tweet that ignited a firestorm in China, commissioner Adam Silver insisted Tuesday, standing firm despite a growing backlash that imperils the league’s lucrative Chinese following. The tweet last Friday by Houston Rockets General Manager Daryl Morey supporting pro-democracy protests in Hong […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow declared President Trump is doing the “Lord’s work” when it comes to defending the US economy in terms of dealing with China, and said he does not believe there is a recession in sight under current scenario. “I know everybody wants […]
White House economic adviser Larry Kudlow speculates that next week’s China trade talks with the US could very well stun everyone. Mr. Kudlow held out hope for progress in opening China’s financial services markets to American companies in trade talks next week, adding the US team was heading into them “open-minded.” “There could be positive […]
$BA, $EADSF Thursday, President Trump hailed as a “nice victory” when the United States got the Green light to place tariffs on European Union goods in a row over EU aircraft subsidies. Wednesday’s decision by the WTO left Scottish whisky makers, Spanish winemakers and French cheesemakers fuming as the US tariffs targeted products from countries […]
China’s Communist Party (CNC) celebrated its 70th anni in power with a parade Tuesday showcasing the country’s economic growth and newest weapons. The nationally televised event opened with a military honor guard carrying the Chinese flag through Tiananmen Square, the country’s symbolic political heart, before thousands of spectators who waved flags. Artillery guns fired a […]
Incoming ECB President Christine Lagarde said the global economy is likely to dodge an outright contraction, though the trade tensions remain the Key threat to the growth outlook. “It is not in the baseline to have a recession,” Ms. Lagarde said in a TV interview Tuesday. “That said, it’s mediocre growth, it’s at risk because of essentially […]
Protesters in Hong Kong threw Molotov Cocktails (gasoline bombs) and police fired tear gas Saturday in renewed clashes over anti-government grievances. Hong Kong is in the 4th month of sometimes violent protests that occur every weekend. They started with opposition to a proposed extradition law and have expanded to include demands for greater democracy. Most […]
President Trump is resday to significantly ramp up pressure on China if a trade deal is not agreed to soon, according to an outside adviser to the White House who called tariffs so far “low level.” In an interview in Hong Kong Thursday with the South China Morning Post, Michael Pillsbury said President Trump has been “remarkably restrained […]
Thursday, US Commerce Secretary Wilbur Ross said that trade uncertainty issues are giving China “real” structural problems, as the nation’s supply chains are starting to “hollow out.” “China is no longer really the cheapest place in the world to manufacture,” Secretary Ross said in a TV interview, adding the US does not know what China wants […]
A FedEx pilot was arrested in China and released on bail, the company said Thursday, amid an ongoing row with Beijing over the US firm’s delivery irregularities involving telecoms giant Huawei. Todd Hohn, a former US Air Force pilot, was arrested by Chinese authorities a week ago as he waited for a commercial flight in […]
Huawei will step up its presence in the global market for computer hardware, a top company official said on Wednesday, as the Chinese telecom giant weathers a US assault on its 5G network and smartphone business. Deputy chairman Ken Hu said the strategy is based on expectations that “incredible computing power” is going to be […]
Thousands of protesters clad in black masks, caps and shades to obscure their identity, ran through the streets of Hong Kong setting street fires and blocking roads in the heart of the city. Authorities moved quickly to douse the fires and police fired volleys of tear gas to disperse protesters, including in the bustling shopping […]
The tariffs on China have not had a significant effect on the United States’ economy, and will continue until or unless a solid trade deal is reached between the 2 countries, US Treasury Secretary Steven Mnuchin said Monday. “If we can get a good deal, a deal that is good for us, we will sign […]
On Thursday morning, 5 September,Chinese and US chief trade negotiators spoke on the phone call, China initiated the call, agreeing to hold the 13th round of high-level economic and trade talks in Washington in early October and maintain close communications going into that negotiation. The message, made public, lifted the stock markets in many countries, […]
The Trump Administration wants to see “near term results” from renewed US-China trade talks in October, White House economic adviser Larry Kudlow said Friday. Speaking on network TV, Mr. Kudlow confirmed that the top US and Chinese trade negotiators would meet in early October but a date certain had not been set. The 14-month US-China […]
According to The Trump Administration, America is winning the trade war with China. However, the Middle Kingdom’s economic machine may be slowing, but President Xi Jinping is unlikely to sue for peace anytime soon, at least not on terms acceptable to American interests. China’s economic system is antithetical to American democratic capitalism. Its buccaneer commercial policies flaunt the […]
Tuesday, President Trump said that trade talks between the United States and China were going well, though he warned that he would be “tougher” in negotiations if they dragged on until his 2nd term. “We are doing very well in our negotiations with China,” President Trump wrote on Twitter, arguing that Beijing could not afford […]
Rioters in Hong Kong at the weekend Saturday again resorted to escalating violence. They stormed government and legislative offices, threw petrol bombs at police and set fire to multiple locations including police HQ’s. Facing flagrant violent acts, the Hong Kong Special Administrative Region (HKSAR) government and the Hong Kong police took decisive measures to enforce […]
From penalising irresponsible dog owners to blacklisting dissenters, critics warn China’s social credit system enables authorities to define “desirable and undesirable behaviour” and could allow unprecedented control of citizen’s lives. The fledgling initiative has sparked fears the authoritarian state is tightening its grip on an already heavily monitored public, ensuring that only those strictly adhering […]
The United States began imposing additional tariffs on Chinese goods Sunday, but U.S. President Donald Trump said the sides would still meet for talks later this month. President Trump Tweeting, said his goal is to reduce US reliance on China and again urged American companies to find alternate suppliers outside China. This fresh round of […]
“We’re going to win the fight,” President Trump told reporters. “We are having conversations with China, meetings are scheduled, calls are being made. I guess the meeting in September continues to be on, it has not been canceled,” he said. The White House has not announced a date for that meeting. Tariffs kick in on […]
President Donald Trump said US and Chinese trade officials were due to hold discussions on Thursday, days before Washington is due to raise tariffs on billions in Chinese goods. “There’s a talk scheduled for today at a different level,” Trump told Fox News Radio, without elaborating. He rebutted prior news reports skeptical of his claims […]
President Donald Trump’s new tariffs on China are a “job killer,” US shoe companies warned Wednesday, pleading for them to be canceled. In a sharp deterioration in the US-China trade war, Trump last week ramped up the punitive duties for the vast majority of US imports from China. The five percent increases, which will take […]
Moving cargo ships into the slow lane, an idea French President Emmanuel Macron floated at the G7 summit in Biarritz, would be one way to cut maritime transport’s giant carbon emissions footprint. Here, AFP looks at how the debate took shape and is evolving: – Ecological impact – Shipping represents 2.3 percent of carbon dioxide […]
President Trump emerges from the G-7 Summit in France as the unchallenged Leader of the free world. Republican National Committee (RNC) Chairwoman Ronna McDaniel, praised President Donald Trump’s accomplishments, and said under his leadership, “America is finally leading again.” Her comments came in a Tweet Monday night She wrote: “Under @realDonaldTrump “We are standing up to China. […]
A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump’s reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should not “enable” Trump’s escalating trade war with China by lowering […]
President Trump said Monday that China is taking a significant financial hit as a result of his escalating trade fight. “China has taken a very hard hit over the last number of months,” President Trump said, and they are likely ready to make a deal with the United States. President Trump noted that China had […]
President Trump has scaled back a US-China trade dispute partly blamed for a global economic slowdown, declaring Monday that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. He said the Sunday evening conversations were a sign China is serious about […]
Sunday, when President Trump said he had 2nd thoughts about escalating the trade dispute with China, he meant that he wished he had raised tariffs on Beijing even higher, the White House said. President Trump, who announced higher tariffs on Chinese goods last week, raised eyebrows during a meeting with UK PM Boris Johnson at […]
Saturday, Hong Kong protesters threw bricks and gasoline bombs at police, who responded with tear gas, as chaotic scenes returned to the 12 Summer-long anti-government protests for the first time in nearly 2 weeks. Hundreds of black-clad protesters armed with bamboo poles and baseball bats fought with police officers wielding batons on a main road […]
Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]
The Chinese Ministry of Commerce says that its new tariffs will be applied to more than 5,000 U.S. products in two phases. The first stage would come into effect on September 1 and the second one on December 15. China announced that it will impose additional tariffs worth 75,000 million dollars on imported products from the United […]
Hong Kong’s embattled leader Carrie Lam yesterday said she hoped ‘calm will prevail after a massive weekend march passed without clashes between police and demonstrators, but again refused to give ground to protester demands. Hundreds of thousands of people marched through the heart of the city on Sunday in a show of peaceful protest after escalating […]
Twitter and Facebook said Monday they had uncovered a campaign by China to use the social media platforms against pro-democracy protests in Hong Kong. “We are disclosing a significant state-backed information operation focused on the situation in Hong Kong, specifically the protest movement and their calls for political change,” Twitter said in an online post. […]
Chinese local authorities said on Monday that Guangxi Zhuang region in China foreign trade has reached USD37.51 billion in the starting 7 months of the current year, adding 23.8 percent year on year, according to Xinhua. The customs authorities of Nanning, the regional capital, said that the increase came as a 19.6 percentage points more […]
Hong Kong’s citizens are still waiting for the government to respond after an estimated 1.7 million people joined the city’s largest demonstration on Sunday, which ended peacefully and without any tear gas in the air. Entering its 11th week of demonstrations since June, which have at times caused chaos in the financial hub as masked […]
Beijing, August 18: Anti-China forces in the West have colluded with local anti-China elements to cause the prolonged unrest in Hong Kong, the Chinese official news agency Xinhua says in a detailed report. ‘Foreign nationals were seen meeting and talking with radical protesters. Recently, leaders of “Hong Kong independence” groups secretly met with officials of […]
“Get those foreign agents outta town”, roars a music video by a patriotic Chinese rap group, one of a slew of creative efforts by Beijing attacking Hong Kong’s pro-democracy movement as violent and spurred on by overseas governments. The rap video, overlaid with clips of protesters clashing with police and breaking into Hong Kong’s legislative […]
Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said Sunday. If teleconferences between both sides’ deputies pan out in the next 10 days “and we can have a substantive renewal of negotiations,” Larry Kudlow said on “Fox News […]
Sunday on TV, White House trade adviser Peter Navarro said he is optimistic about a trade deal with China because doing business deals is President Donald Trump’s strong suit. In a network TV interview, Mr. Navarro said he is optimistic that the President will “do the right thing for America“in negotiating with China. “One thing […]
US President Donald Trump on Sunday warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protesters would harm trade talks between the two countries. “I think it’d be very hard to deal if they do violence, I mean, if it’s another Tiananmen Square,” Trump told reporters in New Jersey. “I think […]
Hong Kong democracy activists kicked off a weekend of fresh rallies yesterday in a major test for the movement following criticism over an airport protest earlier this week and as concerns mount over Beijing’s next move. The new marches came as thousands of pro-government supporters many waving Chinese flags gathered in a park to condemn […]
It was meant to be an unabashed celebration of the triumph of Communism in China, and of President Xi Jinping’s authority as the country’s undisputed leader for years to come. But as the People’s Republic of China approaches its 70th anniversary on October 1st, Xi finds himself battling threats on multiple fronts. From a biting […]
Donald Trump said Friday that tech giant Apple would be spending “vast sums” of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook. The men have had several informal meetings before, including at Bedminster, New Jersey, where Trump is reportedly on a working holiday at his golf […]
Late Wednesday, President Trump tied a US trade deal with China to humane resolution of the weeks of protests wracking Hong Kong, hours after the State Department said it was “deeply concerned” about reports of movement of Chinese paramilitary forces along the Hong Kong border. The State Department warned that continued erosion of the territory’s […]
China’s economy has grown to dwarf Hong Kong’s since 1997, but the mainland remains deeply dependent on the crisis-stricken city as its primary economic gateway to the world. The global financial hub has been shaken by 10 weeks of pro-democracy protests which could have an impact worse than the 2008 global economic crisis, Hong Kong […]
Foreign government officials and experts are expressing their condemnation of the violence perpetrated by radical demonstrators in Hong Kong. Emphasizing the significance of “1 country, 2 systems” for the development of Hong Kong, they also voiced their support for the legitimate actions taken by the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong […]
Violent protesters staged a shameful episode of real violence and brutality in full view and broadcast on live television at the Hong Kong International Airport Tuesday. At about 8:00p local time, a group of protesters detained a traveler they claimed to be an undercover police officer from the Chinese Mainland. In lynch mob-style assaults, they […]
Hong Kong’s airport resumed operations Wednesday, rescheduling hundreds of flights that had been disrupted over the past 2 days as protesters clashed with riot police in a deepening crisis in the Chinese-controlled city. And rumors of China’s troops assembling at the Mainland border. Police condemned violent acts by protesters overnight and said on Wednesday a […]
Tuesday, President Trump Tweeted that US intelligence believes that the Chinese government is moving troops to its border with Hong Kong. President Trump also Tweeted that “Everyone should be calm and safe!” Riot police clashed with pro-democracy protesters outside the Hong Kong Airport for the 2nd day running Tuesday though calm returned to the airport in […]
US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs on key consumer electronic goods imported from China. And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war […]
Asian markets were mixed Monday with investors gripped by concerns about the US-China trade war after Donald Trump said he was prepared to walk away from next month’s planned talks. The president’s comments spooked US investors and added to the sense of pessimism across world trading floors after the White House last week announced fresh […]
Shares in Hong Kong’s flagship carrier Cathay Pacific plunged more than four percent on Monday, after Beijing banned airline staff supporting Hong Kong protesters from flights going through the mainland. Cathay shares lost 4.37 percent to HK$9.85 by the break in Hong Kong, with the carrier’s parent company Swire Pacific Ltd. plunging 5.26 percent to […]
There is now the “threat of deflation” in the US according to economic adviser Stephen Moore, who says that President Trump needs a catalyst in the trade dispute with China and the Fed can cut interest rates to provide it. “I am calling for the feds to have an emergency meeting next week to announce a […]
Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight. City leader Carrie Lam has warned that the international financial hub is facing an economic crisis worse than either the 2003 SARS outbreak that paralysed […]
China’s aviation regulator on Friday demanded that Cathay Pacific prevent airline staff who have shown support for pro-democracy protests in Hong Kong from working on flights to the mainland or routed through Chinese airspace. The regulator also ordered the city’s flag carrier to handover identity information of staff on mainland-bound flights starting Sunday — declaring […]
China’s economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday. The International Monetary Fund already had trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are […]
The US Treasury Department declared Monday it had determined for the 1st time since Y 1994 that Beijing was manipulating its RMB Yuan. Then early Tuesday, President Trump dismissed fears of a protracted trade dispute with China, ignoring a bluster warning in the Beijing press that labeling it a currency manipulator would have severe consequences […]
We are in terrific shape, unfortunately they are not.”–Larry Kudlow White House economic adviser Larry Kudlow reports that China’s economy is collapsing and that the US will ultimately win the trade war. “The Chinese economy is crumbling. It’s just not the powerhouse it was 20 years ago,” Mr. Kudlow said in a TV interview early […]
$USD, $CNH FLASH: The US has not put China on the currency blacklist since Y 1994 Monday, the US Treasury Department labeled China a currency manipulator after Beijing pushed down the value of its RMB Yuan in a escalation of the trade conflict between the world’s 2 biggest economies. The decision came a few hours […]
President Trump said Saturday that things are going well with China, insisting US consumers are not paying for import taxes he has imposed on goods from that country. “Things are going along very well with China. They are paying us Tens of Billions of Dollars, made possible by their monetary devaluations and pumping in massive […]
FLASH: A general strike aimed at bringing the city to a halt is planned Monday. Police fired multiple rounds of tear gas to disperse hundreds of anti-government protesters in Hong Kong Sunday after violent clashes a day earlier, and Beijing said it would not let the situation persist. The Chinese-controlled city, an Asian financial hub, […]
Saturday, Protesters and authorities clashed in Hong Kong as demonstrators removed a Chinese national flag from its pole and flung it into the city’s iconic Victoria Harbour and police fired tear gas after some protesters vandalized a police station. The scene was a familiar 1 in the semi-autonomous Chinese territory, which has been wracked by […]
Thursday, the White House trade adviser Peter Navarro credited President Trump’s tariffs on Chinese-produced steel and aluminum with saving 2 Key American industries. “The Chinese producers are seeing fewer exports, lower profits,” Mr. Navarro said on TV Thursday. “So, we love tariffs. Tariffs are a wonderful thing.” “We would not have a steel and aluminum industry […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, President Trump said he may raise US tariffs on Chinese goods beyond 25% if trade negotiations with Beijing remain stalled. President Trump told reporters that the new 10% tariff he announced Thursday for $300-B in Chinese imports beginning 1 September will be imposed for a short term and could […]
FLASH: Chinese side confirmed their commitment to increase purchases of United States agricultural exports. The US and Chinese negotiators wrapped up a round of trade talks on Wednesday with visible signs of progress and scheduled their next meeting in September in Washington, DC. Both sides issued brief statements after the 1st face-to-face meetings since President […]
FLASH: The morning after appearing on Fox News for his interview with host Sean Hannity, President Trump blasted the network for a poll it conducted that showed he trails former Vice President Joe Biden in the Y 2020 race. Friday, President Trump said that he would not be surprised if China held out until after the […]
