Just over an hour after the Global Times’ Hu Xijing warned that China would announce retaliatory tariffs on certain US products, adding that “China has ammunition to fight back”, that’s precisely what happened when China’s Ministry of Finance said in statement posted on website late Friday that it would levy retaliatory tariffs on another $75BN […]
CHASER: President Trump Announces Tariff Increases on Chinese Products…
President Trump has announced the raising of tariffs on China effective Sept 1st and October 1st, 2019. This is one arrow in a quiver filled with economic consequences: The preexisting 25 percent tariff on $250 billion in Chinese goods will increase to 30 percent effective October 1st, 2019. The pre-planned 10 percent tariff on $300 […]
President Trump Explains the Big Picture: “The fact is, somebody had to take China on”…
During an oval office press conference today, President Trump took several questions about China and the U.S. trade confrontation. After receiving the third question, on the same subject, President Trump paused and then went deep into the heart of the issue. The question was: ” Mr. President, you keep insisting that your trade war with […]
Your New Heart Could Be Made in China…
Recently, a Chinese startup named Qihan Biotech raised $20 million to develop replacement organs for humans. The smallish deal would hardly have rated a headline, except for the fact that the Hangzhou-based gene-editing company is aiming to grow those organs in pigs and other animals. If successful, such transplants could well transform medicine. And, thanks […]
Secretary Ross Adds 46 Subsidiaries to Huawei “Entity List” – Grants 90-Day Window for U.S. Companies to Withdraw…
Commerce Secretary Wilbur Ross appears with Maria Bartiromo to discuss the security concerns around Chinese company Huawei and technology products designed to extract intelligence and data. Secretary Ross explains the Commerce Department decision to add 46 new Huawei subsidiaries to the restricted entity list requiring U.S. companies to apply for temporary licenses for Huawei purchases. […]
Peter Navarro -vs- Margaret Brennan, Martha Raddatz and Nancy Pelosi – Aligned Ideologues Cheer for Recession…
Sunday Talks: Peter Navarro -vs- Jake Tapper…
White House Trade and Manufacturing Policy Advisor Peter Navarro appears on CNN to debate economic policy with Jake Tapper. As customary Tapper attempts to use the Multinational Big AG talking points to identify farmers as victims ♦ The yield on the benchmark 10-year Treasury note dropped to 1.623% Wednesday for less than one hour; momentarily […]
U.S. Container Ports Report Surprising Growth Despite Tariffs…
Despite the escalating US/China trade war, the ten biggest US container ports posted a surprisingly robust 2.7% year-on-year import throughput growth in July, for a cumulative 1,865,645 teu. However, analyst John D McCown, of consultancy Blue Alpha Capital, still believes that the impact of tariffs on Chinese imports “will become dramatically more pronounced”. The better-than-expected […]
Sen. Chuck Grassley’s Letter to Secretary Mnuchin Questioning CFIUS Decision to Approve Henniges Transaction…
Hong Kong Protesters Hoping For a Record Turnout This Weekend, Events to be Live-Streamed on Epoch Times Website…
As tensions between Hong Kong protesters and police have recently escalated, leading to some violent confrontations, several countries, including the United States, the U.K., and Australia, have issued travel warnings for those citizens planning to visit Hong Kong. Meanwhile, U.S. President Donald Trump, his national security adviser John Bolton, and officials from other Western countries […]
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