President Trump on Friday announced that the United States would impose tariffs on $50 billion in Chinese products, making good on a threat that has been months in the making. The White House’s move is expected to ramp up trade tensions with Beijing and possibly risk a key cooperative partnership to help denuclearize the Korean […]
A Listing of U.S. Imports from China Causing a Huge Trade Deficit…
People Outraged After Amazon Found to Secretly Profit from “Unethical And Illegal” Chinese Sweatshops…
Amazon founder and CEO Jeff Bezos recently became the world’s wealthiest man. While, Bezos’ fortune is mostly tied to Amazon’s inflated stock price trading at a nosebleed price/earnings ratio of approximately 265, with a market cap around $811 billion (as of June 08), many questions remain as to just how did Bezos manage to become […]
China Has Stolen Vast Amounts of Navy Submarine, Missile Data in Multiple Breaches from Contractor’s Servers…
Chinese government-sponsored cyber thieves stole hundreds of gigabytes of data related to sensitive Navy undersea warfare programs from a government contractor earlier this year, a defense official familiar with details of the breach told USNI News on Friday. The official confirmed details reported in a Friday afternoon story in The Washington Post in which hackers […]
Jury Convicts Former CIA Officer of Espionage…
China’s ZTE Will Pay $1B Fine, Hire Compliance Officers in Deal with U.S….
The U.S. has reached a deal with Chinese telecom giant ZTE, but the company will have to pay up and make some major business changes, according to Commerce Secretary Wilbur Ross. ZTE will pay a $1 billion fine and have to put $400 in escrow for violating sanctions, Ross said Thursday during an interview on […]
Trump’s “Trade War” Is Working: U.S. Trade Deficit Collapses…
One month after the biggest plunge in the US trade deficit since the financial crisis – good news for Trump who has engaged in “trade war” with the rest of the world to boost US trader and exports – the good news continued in April, when according to the Census Bureau, the US deficit shrank […]
Why China Can’t Afford a Trade War…
China and the United States have agreed not to impose tariffs on one another—that is, not to engage in a trade war—at least while they negotiate a trade settlement. If the White House is to be believed, China has agreed to increase “significantly” its purchases of American goods, especially agricultural products. This is welcome news: […]
Maria Bartiromo Interviews Dir of Trade Policy Peter Navarro…
A very informative interview on Trump’s trade policy with White House Director of Trade Policy Peter Navarro. Fox News Maria Bartiromo and Navarro thoroughly discuss U.S. trade policy, steel and aluminum tariffs…
Lucky You!: Facebook Shared Your Personal Data with Chinese Phone Makers…
Facebook has admitted it shared its users’ data with four Chinese smartphone makers including Huawei. Facebook said it was careful about the partnerships, which were made to help smartphone makers build custom versions of its app. The company further emphasised that the information from partnerships with Huawei was stored on the devices and not on […]
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