Despite national security concerns, GOP leader McCarthy blocked bipartisan bid to limit China’s role in U.S. transit

Editor’s note. This is a problem. House Minority Leader Kevin McCarthy (R-Calif.) blocked a bipartisan attempt to limit Chinese companies from contracting with U.S. transit systems, a move that benefited a Chinese government-backed manufacturer with a plant in his district, according to multiple people familiar with the matter. [Damian Paletta and Erica Werner | May 21, 2019…

ADAM SMITH WOULD AGREE WITH TRUMP ON TARIFFS

Editors note: An interesting article on Adam Smith’s criteria for applying tariffs. Exclusive: Curtis Ellis quotes ‘father of free markets’ in defending move on China [Curtis Ellis | May 17, 2019 | WND] AMERICA FIRST When China reverted to form and reneged on the commitments it made in four months of commercial negotiations with the…

Newt Gingrich: China and how we got it wrong

Excerpt: “We (myself included) sold ourselves an optimistic, American-centric, fantasy version of China that has never existed – and will likely never exist.” Trade tensions with China drag stocks down for fourth week in a row [Newt Gingrich | May 19, 2019 | Fox News] Stocks with exposure to China drop; FBN’s Susan Li reports.…