Excerpt: “They don’t care if they get caught or if people go to jail. As long as it justifies their ends, they are not going to stop,” says FBI. It was the great microchip heist — a stunning Chinese-backed effort that pilfered as much as $8.75 billion in patented American technology. [ DEL QUENTIN WILBER | NOV…
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Editors note: Vice President Pence’s words are welcome because any deal that is cut with China at this stage would be a trap. The issues go beyond trade to the fundamental wiring of the Chinese economy and the global aspirations of their leadership. PORT MORESBY (Reuters) – The United States will not back down from…
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Editor’s note. Not good. China has obtained the big screen software used by Nato and the United States for war room mapping, putting its forces on an equal organisational footing with some of the West’s elite military operations. [ Stephen Chen | November 17, 2018 | South China Morning Post] Luciad, a defence contractor based…
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Editor’s note: The International Trade Commission is holding hearings on the US Mexico Canada Agreement (USMCA). Mike Dolan gave the following testimony for the International Brotherhood of Teamsters. Dolan is also on the CPA board. On behalf of 1.4 Million Teamsters, we are grateful to the Commission for the opportunity to describe our hopes and…
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China’s Vice President Wang Qishan recently announced that Beijing is ready to have discussions with the United States and “work for a solution” on trade challenges. It sounds impressive, especially since President Xi Jinping just made a similar pledge that China is ready to “advance an open world economy.” Op-ed by Daniel DiMicco originally appeared…
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Editor’s note: The latest on potential tariffs on autos based upon unnamed sources. Michael Schuman, who is based in Beijing, is the author of “The Miracle: The Epic Story of Asia’s Quest for Wealth” and “Confucius and the World He Created.” [ Jennifer Jacobs | November 13, 2018 | Bloomberg] The U.S.-China trade war is looking…
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Editor’s note: China’s debt trap diplomacy is a means of predation. WASHINGTON (Reuters) – Two prominent U.S. senators expressed alarm on Tuesday about the military and political consequences if China gains control of a port terminal in Djibouti, and said they were concerned it could further boost Beijing’s influence in East Africa. [ Patricia Zengerle…
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Editors note: we may be getting closer to a massive new trade action, tariffs on incoming automobiles in auto parts based on section 232 national security concerns. The White House is circulating a draft report by the U.S. Commerce Department over whether to impose tariffs on automobile imports to protect national security, three people familiar…
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Editors note: The new house Democratic majority is focusing on enforceability of labor provisions in the new US Mexico Canada Agreement. Dems should also start endorsing tariffs and fixing the noncompetitive dollar. WASHINGTON — President Trump’s promise to quickly pass a revamped North American Free Trade Agreement has been upended by the midterm elections, with…
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The United Kingdom and the European Union took a big swipe at the United States last week. Both the British government and the European Commission floated the idea of a “digital tax” on Facebook, Twitter, and other tech companies they believe are evading European taxes. But if tax avoidance is the issue — and Europe believes it…
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