Re <<Alaska senator redoubles opposition to Pebble mine>>
Was just tallying my NAK trade done earlier today, and am now completely out of the NAK front, for the moment, to regroup for follow-on attack w/ renewed vigour, perhaps in a few days, or maybe a several weeks.
The entire armed reconnaissance campaign netted +48% of good looting, as one might describe any Battle Royale mode in the map that is Alcatraz of Call of Duty Mobile Edition.
I think NAK is good for another attack, either by chasing it because the Trump wins, or picking up the debris should Biden win.
Team America either needs whatever is underground, or the investoriates can believe Team America might need whatever is believed to be underground.
In the meantime, 48% gain off of NAK within 60-days is good-enough, the situation is now more bullish, for gold
For as the FED had to resort to QE-ultra-heavy to counteract a virus that the Trump administration intoned via Wilbur Ross as good for Team America per MAGA, even as the wastrels on Capitol Hill cannot get acts together to do any good for any electorate, the FED presumably would respond w/ QE-massively-ultra-heavyX2 to counteract national security hiccup by way of Nasdaq asymptotically approaching zero-bound should Team Huawei fall over by way of chip cutoff, that which results in Rare Earths DEFCON2 protocol by Team China per rule by making up rules
But, not to worry, because we are told by enough that rare earths are not rare, especially at the bottom of the ocean and on top of the moon. Besides, trade wars are easy to win, especially if by mission creep by creepy cretins, morons, imbeciles, twits, simpletons and knaves
Am wondering, that should Nasdaq approach zero would the ultra-leveraged ETFs go negative as USO once did, and would the inverse ETFs stop trading by sponsors reneging?
In any case, as in the case of Canada w/ its canola oil, and Australia with its beef, cotton, wine, coal, and possibly coming up, iron Message 32991784 , perhaps cutting off best customer and slamming door to best supplier would not work out to the good outcome.
OTOH Team China essentially using the same American law almost word for word, maybe the law works well.
As in the earliest days of the trade war, I noted the ultimate result of a trade war fought to the bitter end would be total and complete bifurcation of the universe as we know it.
I now reckon that the penultimate result would count in the zero-ing of all stock indices everywhere, and the Fed trying to counteract the impending result as it did against the CoVid, boosting gold by a magnitude or two.
wsj.com
China Adds New Export Restrictions in Latest Trade-Dispute Move
Law mirrors U.S. in allowing bans on exports to protect national security; could target tech companies doing research and development
By
Updated Oct. 19, 2020 10:30 am ET
Google parent Alphabet Inc., which has a research lab in mainland China, could be affected by the law.Photo: The Yomiuri Shimbun/Associated PressA new law will allow China to ban exports to protect national security, adding a versatile weapon to Beijing’s arsenal as it fights a war over trade and technology with the U.S.
The law, approved by China’s legislature over the weekend, authorizes tight restrictions on the sale abroad of dual-use goods with both civilian and military applications, nuclear materials and equipment, and other products and services that touch on national security.
Set to go into effect Dec. 1, the new legislation mirrors regulations the U.S. and other countries use to limit sensitive exports. It has been in the works for two years, but the timing of its passage means the Chinese leadership could use it to target exports to the U.S. as the two superpowers trade blows over everything from social media to semiconductors, said China-focused lawyers.
Tech Decoupling: China's Race to End Its Reliance on the U.S.
The tech battle between the U.S. and China has battered TikTok and Huawei and startled American companies that produce and sell in China. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Video/Illustration: George Downs/The Wall Street Journal
“With recent events, China feels a greater need to have this export law in place,” said Luo Yan, a regulatory lawyer at Covington and Burling LLP in Beijing. Chinese authorities feel that export-control measures have been used against Chinese companies and they need a way to reciprocate, she said.
The wording of the law, which spells out few specifics, makes it difficult to say exactly how it might affect U.S. companies.
“The precise point is we don’t know how they want to apply this,” said Ms. Luo.
The Trump administration has used the Commerce Department’s “Entity List” to block Chinese technology companies like telecom-equipment giant Huawei Technologies Co. from accessing critical U.S. goods and services, threatening their business. Washington has also moved to protect advanced technologieslike artificial intelligence that it considers critical to national security, with a governmentwide directive for federal agencies to give priority to centrally designated technologies.
Ms. Luo pointed to a clause in China’s new law that allows for punishment of organizations and individuals outside the country’s borders, meaning Beijing could use it to try to limit goods it deems sensitive being sold from anywhere in the world. It potentially brings China in line with the U.S., which requires foreign companies selling certain products containing U.S. components to Chinese firms like Huawei to apply for permission from U.S. regulators.
Another provision allows China to target data associated with controlled items getting exported, meaning that both foreign and domestic companies conducting research and development in China then exporting goods and services abroad could get targeted. American tech companies Google parent Alphabet Inc. and Microsoft Corp. both maintain research labs in mainland China.
Alphabet and Microsoft didn’t immediately respond to requests for comment.
The law also allows China to take reciprocal measures if another country abuses its export controls to endanger China national interests. “That’s sort of a retaliation clause,” said Ms. Luo.
The Chinese government has had discretion to prevent certain goods from leaving the country, even before export-related restrictions came into effect. As the Covid-19 pandemic was gaining momentum in April, Chinese authorities held back U.S.-bound face masks, coronavirus test kits and other medical equipment, saying they needed to guarantee the quality of exported medical products and ensure that needed goods weren’t being shipped out of China.
In August, Beijing announced new restrictions on artificial-intelligence technology exports, complicating talks between ByteDance and potential American buyers. The Chinese firm is facing pressure from the Trump administration to quickly sell its popular app TikTok’s U.S. operations or face an effective ban on national-security grounds.
Last month, the Beijing leadership debated whether to publish a blacklist of U.S. companies that it had first announced in 2019 as an answer to the U.S.’s Entity List. Since October, the U.S. Commerce Department has imposed strict restrictions on dozens of Chinese companies and individuals buying American technology, with the Trump administration citing human-rights abuses in the far-western Chinese region of Xinjiang and other national-security concerns.
U.S.-based researchers have warned that Beijing might use its dominance in rare-earth minerals—critical to a variety of advanced technologies—as leverage against Washington. With its broad scope, the new law could give Beijing a mechanism for cutting off U.S. supplies of rare earths on security grounds.
The new export-control law gives China one more way to counter countries that may impose trade-related measures against China, as the U.S. has done, says Benjamin Kostrzewa, a former lawyer at the U.S. Trade Representative and a lawyer at Hogan Lovells in Hong Kong.
“China is expanding its legal options to respond,” he said.
Write to Chao Deng at Chao.Deng@wsj.com |
