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.…
Editors note: Using US taxpayer money to support the building of China’s rail car industry makes no sense. We should build this industry, and its supply chain, here. New York senator fears state-owned CRRC could potentially expose US rail system to cyberespionage and sabotageCRRC has already been awarded contracts in recent years for new subway…
Editors note: Kudos to Representative John Garamendi (D-CA) on this issue. Rep. John Garamendi, D-Calif., said the U.S. has another big problem on its hands when it comes to China: control of the rail system. [Julia Limitone | May 17, 2019 | FoxBusiness] “The Chinese rail company CRRC is establishing itself in America. It’s already…
Excerpt: “The idea that tech jobs are going to create a substantial middle class anytime in the foreseeable future is unrealistic”. Brittney Ball was living in a homeless shelter with her baby when she learned of a one-year program offering technical training, professional skills and an internship. She took the plunge. [Steve Lohr | May…
Editors note: This is the official notice that Ends the 232 Tariff saga, for the moment, with Mexico and Canada. USTR NEWS UNITED STATES TRADE REPRESENTATIVE www.ustr.gov Washington, D.C. 20508 FOR IMMEDIATE RELEASE May 17, 2019 Contact: USTR Public & Media Affairs[email protected] United States Announces Deal with…
The U.S. will eliminate Section 232 tariffs on steel and aluminum from Canada and Mexico in exchange for the repeal of retaliatory duties on U.S. goods, though all parties retain authority to re-impose 25 and 10 percent tariffs if there is a surge in imports and consultations about the sudden increase fail. [May 17, 2019…
Editors note: This is very good. Office of the Press Secretary FOR IMMEDIATE RELEASEMay 17, 2019 President Trump Signs Proclamation to Pursue Negotiations on Automobiles Today, President Donald J. Trump took historic action to protect the American automobile industry, its workforce, and American innovation. Following an extensive review of the Department of Commerce’s Section 232…
Editors note: More analysis showing that China trade intervention will not create inflation but will be good for the economy. The U.S.-China trade conflict is not going to squeeze consumer budgets–even if President Donald Trump moves ahead with plans to extend his 25 percent levies to everything imported from China. [John Carney | May 10,…
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…
