CHINA | WHAT REALLY HAPPENED


CHINA

May 20 11:12

The U.S. Ultimatum on Huawei Is Backfiring

The U.S. is putting pressure on its many partners across the world to follow its lead and ban Huawei from their national telecommunications networks, with the Trump Administration channeling the Bush one in the aftermath of the 9/11 terrorist attacks by strongly implying that they are “either with us or against us.”

Unlike back then, however, few countries are going along with the U.S. pressure; probably because they understand the huge difference between joining an anti-terrorist military coalition and an anti-Chinese trading one.

Building off of that observation, Huawei’s services are inexpensive and high-quality, which is the exact opposite of what the competition is providing, whether American or otherwise, and it makes sense for countries to purchase its technology in order to help them modernize their telecommunications infrastructure in preparation for the global 5G revolution.

May 20 11:06

Russia, China to Open Arctic Sea to Trade, Cutting Asia-Europe Shipping Route by 5,000 Miles

Speaking at China’s second Belt and Road conference in Beijing featuring 37 heads of state, Russia President Vladimir Putin unveiled the intention to unite Russia’s Northern Sea Route with China’s Maritime Silk Road. This announcement should come as no surprise to anyone who has been paying attention to the close strategic friendship between both countries since the 2015 announcement of an alliance between the Russian-led Eurasian Economic Union and Belt and Road Initiative. This extension of the Maritime Silk Road represents a powerful force to transform the last unexplored frontier on the Earth, converting the Arctic from a geopolitical zone of conflict towards a new paradigm of mutual cooperation and development.

May 20 10:58

US Is Heading Toward a Looming Maritime Showdown… but Not With Iran

There are many indications that the United States and China are creeping towards a potential conflict in the South China Sea. When the motivations behind this war become clear the stakes become that much more serious.

While the world is drumming up a potential maritime showdown between the US and Iran (yet again), Western media is conveniently ignoring a potential looming conflict in the South China Sea, one that has been building up for years.

May 20 10:46

Lawrence Wilkerson Warns The US Is Driving Down A Highway To War With China

Former Army Colonel Lawrence Wilkerson, who was chief of staff for Secretary of State Colin Powell in the George W. Bush administration, warns in a new The Real News interview with host Sharmini Peries that the United States government is driving down a “highway to war” with China — a war for which Wilkerson sees no sound justification.

The drive toward war is not undertaken in response to a real threat posed by China to the people of America. Instead, argues Wilkerson, the US government is moving toward war for reasons related to money for both the military and the broader military-industrial complex, as well to advance President Donald Trump’s domestic political goals.

May 20 09:42

Trump-Bolton Aggression Against Iran Contained by Russia, Japan, China, and EU

The likelihood of a U.S. war with Iran is increasing, despite alternately isolationist and provocative messages coming from Trump administration officials.

The U.S.S. Abraham Lincoln is now sitting off the coast of Iran, and the U.S. has asked its non-emergency personnel to leave nearby Iraq. Meanwhile, there is a debate about images of what the New York Times described as “missiles on small boats in the Persian Gulf that were put on board by Iranian paramilitary forces.” Whether those missiles photographed were offensive or defensive is important in determining whether the U.S. is misrepresenting Iran’s actions as threatening.

May 19 11:31

How Africa Is Becoming China's China

May 18 10:00

ROBOT WARS: China unveils terrifying new armoured truck which launches swarms of killer drones to attack its enemies

A CHINESE defence firm has unveiled a terrifying new battle truck which can unleash a swarm of killer drones behind enemy lines.

The armoured war machine - based on a Russian Tigr vehicle - can direct the drones so they simultaneously converge on targets and detonate their explosive payloads.

Webmaster's Commentary: 

The problem here is not that the Chinese Weapons Builders have created this technology; the problem is, that it appears that the US does not.

May 18 02:16

The Disappeared: An Inside Look at China's Reeducation Camps

A million Muslims are being held in reeducation camps in northwestern China, where they are forced to learn Mandarin and sing communist songs. Ex-prisoners who have escaped across the border to Kazakhstan talk about their imprisonment.

May 17 16:23

China crushed by debt

May 17 11:30

Scott Adams: Heartbeat Bills, Trump’s Income, China Trade, Immigration

Comments at: https://twitter.com/ScottAdamsSays/status/1129386826244820999

President Trump’s 2018 income released
Fake News CNN…reports it in a misleading way
His 2018 income is less, but close to what he made last year
Alabama abortion law
The View says the law was made entirely by men
The law is being delegitimized by The View
Credible matters, the law needs to seen as credible
Joel Pollack’s Breitbart article on China trade negotiations
President Trump is educating the country on trade issues
100% of Democrats thought a trade war would crumble US
50% of the Republicans thought a trade war would crumble US
Now we know we can go forever with tariffs if necessary
President Trump wasn’t just right…he was OMG right about China trade
Chuck Schumer is on President Trump’s side on this
Immigration reform with a merit based system…LIKE CANADA

May 17 10:23

Merkel Says Postwar Order Over, Calls on Europe to Unite in Face of US

In an interview with the German daily Zueddeutche Zeitung ahead of the European elections Chancellor Angela Merkel has urged Europe to unite and stand up to the US, Russia, and China. Amid the ongoing tussle with Washington over higher import tariffs and the US pulling out of the Iran deal, one of Europe’s most powerful politicians stated that “the old certainties of the postwar order no longer apply” expressing confidence that “Europe needs to reposition itself in a changed world”.

May 17 10:14

Angela Merkel TAKES ON Trump - lists USA along with Russia and China as global RIVALS

GERMAN Chancellor Angela Merkel has provocatively listed the USA under President Trump along with China and Russia as countries that Europe needs to unite to contain.

May 17 10:00

EU leaders: We won't follow Trump's Huawei ban

Germany, France and the Netherlands have said they will not block Huawei from participating in the expansion of national 5G networks. The US fears that China could use Huawei equipment for spying.

Webmaster's Commentary: 

No, the US fears losing US customers to China!

May 17 09:54

Is China's "Mandate Of Heaven" In Jeopardy?

U.S. policy through the Bush and Obama administrations was to soft-pedal questionable Chinese trade practices, pirating technology and theft of intellectual property in return for cheap manufactured goods and China’s willingness to finance trillions of dollars of U.S. government debt.

Now Trump has changed the rules of the game. He’s said lost jobs in the U.S. are not worth the cheap goods and cheap financing. He bet that China had no alternative but to keep producing those goods and keep buying our debt, even if the U.S. imposes tariffs to help create manufacturing jobs here.

President Trump and President Xi had been on a collision course involving issues of trade, tariffs, and currency manipulation, which are coming to a head.

May 16 15:03

Mystery Tanker Violates US Sanctions, Unload Iranian Fuel In China As Zarif Heads To Beijing

With Trump shutting down Huawei and China's entire telecom industry, it was only logical that China would at least try to retaliate, which it has done by formally breaching the US embargo on Iran oil exports. According to ship tracking data on Refinitiv Eikon (i.e. the old Reuters terminal), a tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan.

A representative of the oil storage terminal confirmed that the tanker, Marshal Z, discharged nearly 130,000 tonnes of Iranian fuel oil; that marked the end of an odyssey for the cargo that began four months ago.

As Reuters reported on March 20, some Iranian fuel oil had managed to evade the United States’ sanctions on petroleum exports "by using ship-to-ship transfers involving four different ships, including the Marshal Z, and by using forged documents that masked the cargoes as originating from Iraq."

Webmaster's Commentary: 

And what can President Trump do now?!?

Declare war on Iran, because it was desperate to get some of its oil sold, circumventing US sanctions before they would actually take effect?!?

I think not; in fact, President Trump has rather shown himself to be bereft of any reasoning capabilities whatsoever; if he had had them, he wouldn't have withdrawn the US from the P5+1, which, to which, according to the IAEA reports, Iran is still, largely, complying.

May 16 11:03

Something Just Broke In The Chinese Yuan

Having been well-managed all week, amid various headlines (and extreme hopium in US equities), something just snapped in the Chinese yuan...

As we just detailed, from Deutsche Bank, who worry that USD/CNY will break through 7...

Asia is the region we expect to suffer most from the renewed global headwinds. We argue that policymakers in China are now going to be more accepting of USD/CNY appreciation through 7: years of regulatory measures should make outflows more manageable, easier monetary policy will add upside pressure and a weakening FX is the natural means of offsetting tariffs.

May 16 10:58

The Lunacy Of Waging A War On Iran Which China And Russia Will Win

The scare mongering about an attack on Iran continues. Bolton must be laughing his ass off how easy he can play the issue based on nothing. He simply counters any debunking of the alleged 'thread from Iran' by upping the ante. Yesterday a British general denied that any such threat exists in the area of his responsibility:

“No – there’s been no increased threat from Iranian-backed forces in Iraq and Syria,” Maj. Gen. Christopher Ghika, deputy commander of Operation Inherent Resolve (OIR), the coalition responsible for counter-terrorist operations against ISIS in Iraq and Syria, said in a video briefing, according to the Guardian.

Today Bolton countered that by again raising the noise level around the imaginary threat:

The U.S. Embassy in Iraq says the State Department has ordered all non-essential, non-emergency government staff to leave the country right away amid escalating tensions with Iran.

Webmaster's Commentary: 

The most intelligent thing President Trump could do right now, would be handing Bolton his hat; unfortunately, the Israeli government wants this war in the worst possible way, and seeing that they have turned Bolton so brilliantly to their casus belli (of course, filled with unsubstantiated rumors, which no one in any government can yet define), I am concerned that Trump may well take action against Iran, because he doesn't really understand the costs and consequences of moving forward with it.

May 16 10:33

Steve Bannon: There is ‘no chance’ Trump is going to back down in the China trade war

There is “no chance” President Donald Trump will back down in the U.S. trade war with China, former Trump advisor Steve Bannon told CNBC on Wednesday.

“China has been running an economic war against the industrial democracies for now 20 years,” said the hardline ex-White House chief strategist, who helped craft Trump’s nationalist message.

May 15 11:44

China Calls For "People's War" Against The US, Vows To "Fight For A New World"

While market mood has shifted diametrically from yesterday, with stocks sharply higher on Tuesday following what has widely been interpreted as conciliatory comments from both president Trump and various members of China's ruling elite, one would be hard pressed to find any de-escalation amid the Chinese press commentaries written in the aftermath of the latest escalation in trade war between the US and China.

In a series of editorials and op-ed articles published Monday and Tuesday, Chinese state media slammed what it labeled the Trump administration's "greed and arrogance", called for a "people's war" targeting the US "with precision" as China begins a "fight for a new world."

"The most important thing is that in the China-US trade war, the US side fights for greed and arrogance ... and morale will break at any point. The Chinese side is fighting back to protect its legitimate interests," the nationalist, state-owned Global Times tabloid wrote .

May 15 11:39

Latest Trade War Developments

Between Trump tweets and Chinese whispers via state-controlled media, it can be difficult to pinpoint precisely where things stand in the ongoing battle between the world’s two economic superpowers. Saxo's Christopher Dembik says the CNYUSD rate is the best proxy we have. Here’s why.

May 15 11:37

Lloyd Blankfein Is A Trade Warrior Now

The fallout from the collapse of the trade deal with China has created some unlikely bedfellows among those who have publicly backed President Trump's decision to push for the "great" trade deal that he promised - or walk away.

That dynamic was on full display Wednesday morning when Steve Bannon appeared on CNBC to discuss the importance of Trump's trade fight, and guest host Tom Friedman - yes, that Tom Friedman - said he agreed with the entirety of Bannon's position.

Even Chuck Schumer has urged Trump not to capitulate and to make sure the US gets the best deal possible. Mitch McConnell, on the other hand, has stuck to somberly reminding the world that a trade war would produce 'no winners'.

May 15 11:36

RaboBank: "Some In The Market Are Starting To Get The Real Reason Behind The Trade War"

The ‘play of the day’ above comes against a backdrop of markets trying to accentuate the positive in the latest US-China trade war deterioration. Indeed, Moody’s has declared a trade deal will still be done and a Bloomberg survey of US economists shows around two thirds think a deal will be signed by year-end, a fifth by 2020, and only 13% don’t see a deal for at least five years. Field Marshall, please take these men and women out and have them shot, there’s a good chap.

May 15 11:26

'We ALWAYS win!' Trump boasts that he'll prevail over Xi in 'little squabble' as he threatens even more tariffs and tells Americans to buy products 'from someplace else other than China'

Donald Trump predicted Tuesday that the U.S. will notch a trade victory in what he described as 'a little squabble with China.'

Speaking to reporters as he left the White House, the president grinned as he asked: 'You want to know something? You want to know something? We always win.'

And Trump warned that he might stack even more tariffs on a growing pile of anti-China duties in order to put additional pressure on Beijing.

'We're looking at it very strongly,' Trump said.

'This has never happened to China before,' he said of the already painful tariff regime that shows no sign of letting up.

May 15 10:31

Scott Adams: Beto, Biden, Cuban, Healthcare, Comey, Brennan, The Border

Comments at: https://twitter.com/ScottAdamsSays/status/1128661804505108481

Beto’s cringeworthy, white privilege apologies on The View
Mark Cuban doesn’t think ANY Democrat candidate has a chance
The Democrat candidates would look a LOT more appealing IF…
…we weren’t comparing all of them to President Trump
Border news, almost none anymore, why?
Did coverage stop because President was correct all along?
Does border news now support the President? Confirm him?
Political left has GOALS
The problem is…how do you achieve those goals?
The left’s failure: lack of practical SYSTEMS to achieve goals
Political right uses SYSTEMS to achieve GOALS
SYSTEMS of the right are processes to achieve desired goals
Brennan says him and Clapper didn’t want to use Steele Dossier
Brennan says Comey pushed to use it for FISA
14 year old ran a poll on whether she should kill herself
69% said yes

May 15 10:28

The Tariff Issue

Wherever I look at US policy, foreign or domestic, I see only insanity, ignorance, and incompetence.

Take the issue of tariffs, which is Trump’s mistaken approach to bringing the jobs back home. The tariff “solution” overlooks that offshored US production counts as imports when US firms bring their goods into the US to be marketed.

May 15 10:04

Destructive Pest Spreads to a Third of China in 4 Months

Chinese authorities recently confirmed that the fall armyworm has invaded 11 of China’s 31 provinces, destroying corn and other staple crops. They estimated on May 9 that the pest will expand to Hebei Province, Beijing, and all other regions of China by this summer.

The fall armyworm (FAW) is native to the Americas, and in its larval stage, can eat through and cause damage to crops such as corn, rice, wheat, sorghum, barley, sugarcane, cotton, soybeans, and peanuts.

There is currently no large-scale solution to get rid of the pest.

The U.S. Department of Agriculture (USDA) published a foreign agriculture report on April 30 explaining that this crop-eating pest was first detected in China in late January, entering from nearby Burma. It does not have natural predators in China.

If China cannot stop the spread of the FAW, it may destroy this year’s harvests and threaten China’s food security.

Webmaster's Commentary: 

Biological warfare?

May 15 10:02

China-US trade war heats up: 3 reasons it won’t cool down anytime soon

The truce in the U.S.-China trade war is in tatters.

China said on May 13 that it will impose new tariffs on a range of American goods in retaliation for President Donald Trump’s decision to raise duties on US$200 billion in Chinese imports.

Although trade talks may continue, for now the trade war that Trump began in January 2018 is back on, which will mean more economic pain for companies and consumers in both the U.S. and China.

As an economist who focuses on international trade, I believe there are three reasons the conflict could continue for a long time.

May 15 09:35

The US-China Trade Scuffle Will Kick Off the Great Meltdown

The be-Muellered, bothered, and bewildered American public may find US-China trade talks about as interesting as a rain delay in an Orioles-Chisox game, but the Friday collapse of negotiations may be marked by historians as the day that the global economy died. The Big Box blue-light-special orgy of bargain shopping ran about thirty years, with China exuberantly pumping out cheap consumer goods to feed the US beast-of-Mammon. Americans happily payed for it all with IOUs based on long daisy chains of previous IOUs. Tom Friedman of The New York Times said it would last forever. Alas….

May 15 09:35

The U.S. And China Will Never Return to the Ways Things Were. That World Is Over.

Today’s the first day in a long time financial markets appear willing to at least consider the reality of the geopolitical situation on the ground for what it is, as opposed to what most people would like it to be. As I’ve noted for months, the “trade war” is just one battle in a much larger, increasingly unstable struggle between the U.S. and China for global power and leverage to shape the next paradigm of world history.

May 14 14:32

Patrick Buchanan: Tariffs -- The Taxes That Made America Great

As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs."

The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill."

May 14 11:47

Trump says he will meet with Xi and Putin at G20

President Donald Trump has said he will meet with Chinese President Xi Jinping and Russian President Vladimir Putin at next month’s G20 summit in Osaka, Japan.

Trump announced the pair of meetings to reporters in the Oval office on Monday afternoon.

“I’ll be meeting with him directly, President Xi. Yes, I will be meeting with President Putin also,” he said.

Earlier that morning, Russian newspaper Kommersant reported that Washington had requested a meeting with Putin, and was awaiting the Kremlin’s response.

A Kremlin spokesman responded to Trump’s statement on Monday by saying no preparations were underway for such a meeting.

Webmaster's Commentary: 

I frankly do not think that an attack on Iran will happen before this meeting, if Trump actually gets these meetings in late June.

May 14 11:00

Senior Admin Official: "A Trade Deal Isn't Close; US Could Be In For A Long Trade War"

Despite a flurry of meandering hot-then-cold trade war tweets from President Trump, US futures have been powering higher all morning. But then along came Axios to pour cold water all over the growing trade-deal optimism after the stock market's worst one-day selloff since January.

According to Axios, senior administration officials told senior White House reporter Jonathan Swan that a trade deal with China "isn't close" and that the US "could be in for a long trade war."

Swans' sources said the differences between the two sides "are so profound taut, based on his read of the situation, he can't see the fight getting resolved before the end of the year."

That's a much longer timeline than the three-four weeks Trump touted Monday night, who touted the possibility that the a meeting with President Xi at the G-20 in Japan next month could yield an agreement.

Webmaster's Commentary: 

Perhaps a slight bit of flexibility on both sides, might work to get these talks moving again; but until that happens, get really ready for a really tough economic time ahead.

May 14 10:56

China the Coming Financial Capital of the World

May 14 10:14

Farm Crisis: Soybeans Crash To Decade-Low As Trade War Intensifies

Soybean futures fell 25% in 50 weeks since the inception of President Trump's trade war early last summer.

CBOT Soybeans futures plunged to their lowest level in a decade as China on Monday said it would raise tariffs on $60 billion in US goods in retaliation for Trump's decision on Friday to raise duties on $200 billion in Chinese products to 25% from 10%. The deepening trade war has pushed American farmers onto the verge of disaster.

Webmaster's Commentary: 

These people, along with unemployed factory workers, were the essence of his base; he knew, in just what tone, and demeanor, to address their anger and ire about jobs leaving the US, and about farmers who couldn't get a fair deal on their crops.

Now that they believe they have been betrayed by the man they had hoped would save them, what is going to happen now in 2020?!

Unless he is able to get the tariffs stopped and soon, and staunch the economic blood-loss, leading to our farmers' collective financial ruin, he is going to lose this critical part of his base in the next election.

These are people who do not forget betrayal easily.

May 14 10:07

U.S. Readies New Tariffs as Trump Says He’ll Meet China’s Xi

The U.S. prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.

The U.S. Trade Representative’s office Monday released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff.

May 14 09:57

Tariffs: The Taxes That Made America Great

A tariff may be described as a sales or consumption tax the consumer pays, but tariffs are also a discretionary and an optional tax.

If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.

China loses the sale. This is why Beijing, which runs $350 billion to $400 billion in annual trade surpluses at our expense is howling loudest. Should Donald Trump impose that 25% tariff on all $500 billion in Chinese exports to the USA, it would cripple China’s economy. Factories seeking assured access to the U.S. market would flee in panic from the Middle Kingdom.

Webmaster's Commentary: 

What concerns me more than the tariffs, is the uncomfortable understanding about how quickly trade wars can become shooting wars.

and I can guarantee you, we do NOT need a shooting war with China right now.

Our military doesn't have the troop strength; the weaponry; the manufacturing; or the money to insure a positive outcome to a war with China (and/or Russia)

May 14 09:17

Trump will meet with China's Xi Jinping and Russia's Vladimir Putin during G-20

President Donald Trump will meet with Chinese President Xi Jinping and Russian President Vladimir Putin when world leaders gather in Japan next month for the annual G-20 conclave, the president said Monday.

Trump's announcement comes amid an escalating trade war with China that has roiled markets as both the U.S. and Beijing have upped tariffs on each other's products. After trade talks fell apart last week, Trump raised tariffs on $200 billion in Chinese goods.

"I'll meet with them directly," Trump told reporters in the Oval Office.

Trump was widely criticized by members of his own party for his last formal meeting with Putin last year, in which the president contradicted his own intelligence officials by saying he saw no reason to believe Russia tried to influence the 2016 election. The president later sought to walk the comment back, saying he meant to say he saw no reason why they wouldn't have attempted to meddle in the election.

May 14 09:12

Farmers get impatient with Trump's trade war: 'This can't go on'

The escalated tariffs don't hit agricultural products directly, since most were already facing a 25% tariff imposed by China last year. But the news still sent commodity prices plummeting.

"The President of the United States owes farmers like myself some type of plan of action," John Wesley Boyd Jr., a soybean farmer in Baskerville, Virginia, told CNN's Brianna Keilar on Monday.

"Farmers were his base. They helped elect this president ... and now he's turning his back on America's farmers when we need him the most," he added.

May 13 12:33

The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman

Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.

The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market.

May 13 12:30

Kudlow Undercuts Trump, Admits American Consumers Are Paying For China Tariffs 

National Economic Council Director Larry Kudlow admitted on Sunday that American importers and consumers would have to pay the tariffs on Chinese imports, completely contradicting President Trump's claims that China pays the duties.

On Fox News Sunday, two days after the US-China trade deal fell apart, anchor and political commentator Chris Wallace pressed Kudlow: "It's not China that pays the tariffs, it's the American importers, the American companies that pay what, is in fact, a tax increase."

May 13 12:25

Markets Tumble As China Unveils Retaliatory Tariffs, May Dump "Some Treasuries"

After vowing over the weekend to "never surrender to external pressure", Beijing has defied President Trump's demands that it not resort to retaliatory tariffs and announced plans to slap new levies on $60 billion in US goods.

May 13 10:26

Scott Adams: Manufactured Word-News, China Trade, Russia, Iran

Comments at: https://twitter.com/ScottAdamsSays/status/1127936686292209666

Biden’s possible VP running mate, Kamala
Some suspended conservatives are now back on Twitter
My defense of AOC
AOC and Tlaib are getting the “Fine People” HOAX treatment
Hyperbole taken literally or out of context for political gain
My defense of Tlaib’s “calming feeling about the Holocaust”
Don’t you automatically know that can’t possibly be true?
Out of context quote, looks HORRIBLE
Clarification is buried deep in articles about it
Chuck Schumer tells Pompeo to tell Putin to stay out of our elections
…Because nobody has already communicated that?
…Because nobody has thought of telling him that?
…Because Putin has no way of knowing we would be upset?
THE MEANING OF WORDS...is now driving the news
Russia Collusion: Spying or an investigation?

May 13 10:16

Is China's Belt & Road a Decade Too Late?

May 12 09:05

Trump Escalates Trade War With China as Latest Talks End

Trade negotiations between the US and China have ended without any deal, leading to President Trump further escalating the bilateral trade war. He announced substantial increases in US tariffs, to 25%, on $200 billion in Chinese imports.

In a series of Tweets cheering his own moves, Trump suggested that the sanctions might remain in place not only during future negotiations, but might never be eased at all. Trump claimed his relationship with China’s President Xi remains strong and talks will continue.

May 12 09:04

Trump Should Let the World Join Fight Against China

If they’re not careful, the U.S. and other developed nations could drive potential allies into Beijing’s arms.

May 11 09:59

IN PHOTOS: CHINA LAUNCHES TWO TYPE-052D GUIDED MISSILE DESTROYERS

The Israeli newspaper Israel Hayom, owned by top Trump donor Sheldon Adelson, has published in Hebrew a leaked draft of the Trump administration’s “Deal of the Century” for the Israel-Palestine conflict. The draft was given to the newspaper by an official from Israel’s Foreign Ministry, which is currently headed by Israeli Prime Minister Benjamin Netanyahu. The plan, which has been drafted by President Donald Trump’s son-in-law Jared Kushner and Jason Greenblatt, is expected to be released this June after the conclusion of the Muslim holy month of Ramadan, according to Mondoweiss.

May 10 11:59

Scott Adams: Drinking Coffee With You and Taking Your Questions

Democrat troll, Vic Berger’s behavior appears horribly abusive
Attacked Mike Cernovich’s wife and child
Gilead’s MAJOR donation of AIDS drugs to US for the poor
Only Washington Examiner shows up in Google search?
Is coverage being throttled, suppressed?
China trade negotiations
Is this a stock buying opportunity?
Kamala’s lawyerly boring tweet
Nothing she does, feels genuine
20 years from now…what will they say about President Trump?
Will they say nobody was better?
more transparent, more persuasive, best rally speaker?
Gifted deal maker, friendly while negotiating HARD?
Delegitimized the FAKE NEWS industry?
Raised awareness they’re an enemy of the people?
President Trump accuses John Kerry of Logan Act violations
Kerry says he’s just “keeping in touch” with Iran
Does that sound even slightly honest to anyone?

May 10 09:29

Does your combat experience even matter against Chinese and Russian troops?

As China and Russia modernize their militaries and restructure their forces, the U.S. military is wary that its traditional advantages may be negated in a potential war with either, or both, powers.

In the face of a rising China and resurgent Russia, some pundits point to the U.S. military’s surplus of combat experience and large-scale logistical expertise in massing forces as an overwhelming advantage.

But that may not actually help that much against a peer adversary capable of launching cyber attacks the minute mobilization orders are cut, according to retired Army Gen. Jack Keane, a former vice chief of staff for the U.S. Army.

May 10 09:10

Trump Deletes, Then Retweets Tweet Saying "No Need To Rush" China Trade Talks

In what appears to be the third round of revisions to his increasingly disjointed thread of trade-deal related tweets, Trump has now retweeted the deleted tweet saying talks were proceeding in a "congenial" manner and that there was no need to rush.

May 10 09:06

China 'Fully Prepared' for Any US Actions Related to Tariffs

China is totally prepared for any US actions related to trade tariffs and duties, a spokesman for the Chinese Commerce Ministry, Gao Feng said on Thursday.

US President Donald Trump announced on May 5 that Washington would raise tariffs on Friday to 25 percent from 10 percent on $200 billion of Chinese goods, while on May 6 he said that the United States had been losing billions of dollars to China on trade, pledging to reverse the situation.

May 09 12:04

Exclusive: Analysts - Images show construction on China's third and largest aircraft carrier

Construction of China’s first full-sized aircraft carrier is well under way, according to satellite images obtained and analysed by a U.S. think tank.

May 09 11:46

Trump Winning? US Trade Gap With China Tumbles To 5-Year Low

Overall exports increased 1% to $212 billion, boosted by a 39% jump in soybean shipments. Imports climbed 1.1% to $262 billion on gains in oil, food, vehicles and pharmaceuticals. The overall merchandise-trade deficit widened 0.7% to $72.4 billion.

However, likely of more interest to President Trump, the trade gap with China shrank to $20.75 billion in March - the lowest since March 2014, offering the administration a chance to claim his tariff war is yielding the desired results just as negotiations reach a critical stage.

May 09 11:42

Economic Might As A Foreign Policy Tool

The news is full of President Trump’s, supposedly confidential, tax filings (from 25+ years ago). The only relevant current news I found was it seems that despite the losses on his tax returns, Trump’s lifestyle didn’t change because the losses were largely suffered on projects where the President was not utilizing his own money. Presumptively, that means that Trump the developer, put together deals in which he had an interest in the partnership, but contributed no actual money. Thus, when the loses from the partnership were apportioned for tax purposes, the future President Trump was able to claim that loss against taxable income that h earned on other projects. The bottom line appears to be that Developer Trump negotiated multiple deals in which he personally benefitted financially whether or not the project was ultimately successful. That no lose proposition appears to be exactly where the president finds himself in the current China trade negotiations.

May 09 11:32

Scott Adams: Social Media Bans on Conservatives, Also a Bunch of Good News

Comments at: https://twitter.com/ScottAdamsSays/status/1126487498329182209

Senator Cornyn & psychedelic mushrooms, “What could go wrong?”
Presidential critics BACKING the President on China trade deal?
Hard to negotiate with Dems perpetually pecking him
Climate change articles completely ignore nuclear power options
Juan Williams on The Five…cognitive blindness?
Mark Schneider web page raising public awareness about Gen IV
https://GenIVnuclear.com
Chemical desalination of sea water…MAJOR breakthrough
Life saving overdose drug, Naloxone, legalized for the public
Availability result 1st Yr: 27% reduction of overdose deaths
Availability result 2nd Yr: 34% reduction of overdose deaths
Social Media banning popular conservatives
Reddit REMOVED top pro-Trump group from searches
Google simultaneously REMOVED them from searches
A new level of censorship coordination

May 09 10:52

Huawei and the Cameron Connection

THE Huawei scandal has been a long time coming. Huawei started selling software to British telecommunications companies in 2000. It has been supplying hardware since 2003. Within years, the US went public with warnings about Huawei’s links with Chinese espionage, so Tony Blair is the first prime minister to blame for not controlling the risks.

Here’s an irony: in May 2010, David Cameron entered No 10 after criticising Tony Blair’s highly personal, centralised and opaque decision-making. Cameron established a National Security Council (NSC) and a National Security Adviser, but the NSC brought more of the government’s decision-making into a secret forum that is dominated by the Prime Minister and his/her favoured appointees.

May 09 10:51

Netanyahu's Visit to China: Opportunities beyond Iran

Prime Minister Benjamin Netanyahu is scheduled to make an official visit to China in early May 2013. This would be the first visit by an Israeli prime minister to China in over six years, and given the rarity of the meetings between the two heads of state and China’s increased influence internationally, the trip is important. This will be an opportunity for Israel to meet China’s new leaders, some of whom are expected to remain in their positions for the next ten years.

May 09 10:50

US and China Compete for the Haifa Port

In July 2018, 180 acres of the Northern port in Haifa were transferred to the Shanghai International Port Group (SIPG) for a 25-year period of management. This sparked a heated discussion in the Israeli press and the academic world, as well as a special discussion by the Israeli cabinet. It also came up in discussions between US National Security Advisor John Bolton and Israeli Prime Minister Benjamin Netanyahu when they met on January 7, 2019.

Ostensibly at issue are the implications of the port’s management by a Chinese company for Israel and its ties with its main strategic ally, the United States. But while the direct implications of the port’s management are of interest to China and the US, these concerns are more related to a Cold War-type struggle.

May 09 10:49

‘China has chosen to retreat’ — the U.S. view as negotiations reach critical juncture

The document released Wednesday outlining a planned increase in tariffs on China makes clear the U.S. fury at a perceived backtracking on key positions.

“In the most recent negotiations, China has chosen to retreat from specific commitments agreed to in earlier rounds,” a Federal Register notice reads. “In light of the lack of progress in discussions with China, the President has directed the Trade Representative to increase the rate of additional duty to 25 percent.”

Those tariff increases, from 10% on roughly $200 billion of Chinese goods, are set to be implemented on Friday.

May 09 10:47

Luongo: 'Economic-Warfare-Man' Strikes Again

It’s getting tiresome watching Donald Trump’s bipolar presidency. It seems he can’t let a day go by without making some massive announcement to raise tariffs, threaten sanctions or overthrow a government.

Every 24 hours is another exercise in chasing the Trump Reality Show around. Every lull in the perpetual news cycle has to be seized upon to create more chaos so he can validate his insanity.

Trump has so many plates spinning there’s no way he’s actually thinking anything through. Take the latest fiasco, Chinese trade talks.

One day “Talks are going well,” the next “We’re raising tariffs to 25%.”

May 09 08:25

The Dangers Beyond the China-U.S. Trade War

May 09 07:03

NSA gets hacked trying to hack China

May 08 11:49

Behind The Recent Crypto Surge? Chinese Banks Are Quietly Running Out Of Dollars

The catalyst has remained unclear - anticipation of an ETF? Growing institutional interest? Short-squeeze? Manipulation? Or, just plain old safe-haven flows as various nations around the world collapse into totalitarianism?

We may have found one, rather large, answer - from China, where, as SCMP reports, authorities have quietly begun 'soft' capital controls on foreign currency withdrawals

Chinese banks have increased their scrutiny of foreign-currency withdrawals and quietly reduced the amount of US dollars people are allowed to withdraw, tightening the country’s capital controls as the nearly year-long US-China trade war bites.

The issue was thrust into the spotlight on Friday when a viral video clip showed a bank cashier unable to answer a furious customer demanding to know why she was not allowed to withdraw US$200 from her dollar-denominated account, even though she was within her quota.

May 08 11:37

China ramps up crude oil imports despite Washington’s clampdown on Iran

Oil imports by China unexpectedly surged in April to a record despite refinery maintenance outages and tepid domestic fuel demand, according to data from the Chinese General Administration of Customs.

Imports amounted to 43.73 million tons of crude or 10.64 million barrels per day (bpd), customs data showed. That compared with 9.26 million bpd in March and was up 11 percent from the April 2018 level, according to Reuters calculations.

“The crude imports exceeded our expectations as both domestic refinery production and margins do not appear to support such high volumes of purchases,” said Wang Zhao, head of crude oil research at Sublime China Information.

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