Editors note: Huawei Is owned by the Chinese government and is key to their gaining technological superiority as well as exporting their surveillance state. The Trump administration is pulling out the big guns in its push to slow China’s rise, with potentially devastating consequences for the rest of the world. [May 16, 2019 | Bloomberg]…
Editors note: The mainstream press is waking up to the fact that U.S. trade intervention is working to reduce China’s influence and power. Beijing once could count on allies in business and politics to help get its way. Now many of its old allies are staying on the sidelines. [Keith Bradsher | May 17, 2019…
Editors note: Senator Rubio is doing a great job moving the debate towards a US competitiveness strategy. THE BIG IDEA: Marco Rubio argues that the escalation in the trade war with China stems more from corporate chieftains selfishly seeking big paydays for themselves by agreeing to bad deals with Beijing over the past several years than…
Editors note: Dan DiMicco pushes back against fake trade news on Bloomberg TV. [May 16, 2019 | Bloomberg] Watch the interview here:
Decoupling from China, increased domestic production would boost economy Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the impact of a potential 25 percent across-the-board tariff on all imports from China. CPA research found that such a move would deliver significant, sustained benefits for the US economy, including the addition…
Editors note: This department of commerce announcement shows the specifics as to how the president’s order to ban Chinese companies from supplying our technology and communications infrastructure will be carried out. FOR IMMEDIATE RELEASE Wednesday, May 15, 2019 News Media Contact: Office of Public Affairs WASHINGTON – Today, President Trump signed an Executive Order:…
Editor’s note: News that Stanley Tools is creating 500 jobs in Texas as it brings Craftsman production back to the USA shows that tariffs are working. Automated Texas factory to produce wrenches and sockets at costs similar to work now done in China [Bob Tita | May 15, 2019 | WSJ] Stanley is investing $90 million…
Excerpt: In addition to disputes around trade and the alleged Chinese theft of U.S. intellectual property, American intelligence chiefs expressed their distrust of Chinese tech giant and Apple rival Huawei as well as Chinese telecom company ZTE. There is “no chance” President Donald Trump is going to back down in the U.S. trade war with China, former…
Editor’s note. A historical perspective of ag prices. An agro industry strategy that addresses farm prices is needed. The WTO prevents such a strategy, but whether the WTO survives the near future is an open question. Though the 2018 mid-term elections are still in the rearview mirror, the 2020 presidential election campaign is in…
Editor’s note. Brad Setser discusses his take on the exchange rate implications of the US-China trade skirmish. Whither the yuan. [Brad W. Setser | May 10, 2019 | Council on Foreign Relations] Until this past week, it looked like the United States and China were heading toward a deal. Not a great deal, but a deal.…