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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: DinoNavarre who wrote (6326)	9/8/2020 12:07:38 PM
From: elmatador	Respond to of 13856

Donald Trump reiterates threat to scale back US economic ties with China President threatens to punish American firms that create jobs overseas and to forbid those that do business in China from winning federal contracts Trump has sought to make China an election-year issue, portraying rival Joe Biden as a lackey of Beijing US President Donald Trump on Monday reiterated threats by his administration to decouple the US and Chinese economies, pledging to reward companies that move their operations out of China and raising the possibility of halting business with the country altogether. “We will make America into the manufacturing superpower of the world and will end our reliance on China once and for all,” Trump told reporters. “Whether it’s decoupling, or putting in massive tariffs like I’ve been doing already, we will end our reliance in China, because we can’t rely on China.” “When you mention the word ‘decouple’, it’s an interesting word,” Trump said, stopping short of explicitly committing to a full termination of economic relations with China. “We lose billions of dollars and if we didn’t do business with them we wouldn’t lose billions of dollars. It’s called decoupling, so you’ll start thinking about it.” Appearing to refer to action items for a potential second term in office, Trump said his administration would roll out a “made in America” tax break and impose “tariffs” on US companies “that desert America to create jobs in China and other countries.” US demands for TikTok may escalate decoupling and hurt businesses, says China expert The imposition of tariffs or other punitive measures against American companies would risk sparking opposition from many in the business community, who have already weathered a two-year trade war with China, on top of disruptions caused by the coronavirus pandemic. The US Chamber of Commerce, which includes among its 3 million members manufacturing giants such as Ford Motor Company and tech industry leader IBM, has spoken out against tariff action that the Trump administration has taken against China and other trading partners. “New tariffs on steel, aluminum, and Chinese imports, as well as the potential for additional tariffs on autos and auto parts, threaten to spark a global trade war,” according to the Chamber’s website. “Simply put, tariffs are a tax on American consumers and businesses. Tariffs are the wrong approach to address unfair trade practices.” Trump argued on Monday that farmers were “very happy” with him, owing to agricultural bailouts his administration has distributed to offset sales they lost when China slapped punitive tariffs on US farm products in retaliation for the bilateral trade war that the US leader started in July 2018. A recent study by economists at Iowa State University showed that some 44 percent of agricultural producers in Iowa, a farming powerhouse and an important state in the November elections, were left struggling to cover costs last year despite the federal stimulus. In a press conference slated to address the state of the US economy but which turned into a meandering, campaign-style speech, Trump recycled familiar grievances – mostly economic – against China, and sought to portray his presidential challenger, Joe Biden, as incapable of standing up to leaders in Beijing. “If Biden wins, China wins, because China will own this country,” said Trump, speaking from the White House’s North Portico, part of the official residence rarely used for press briefings, much less partisan political attacks. Repeating a common refrain of his political attacks against Biden, who has also toughened his stance against Beijing as November approaches, Trump suggested that the former vice president would be beholden to the Chinese government because of his son’s former business dealings in the country. The US leader also reiterated familiar complaints that China had built up its economy and military on money stolen from the US via an unbalanced trading relationship. “It’s very lucky that I have been building [the US military] up because otherwise we’d be dwarfed right now by China,” he said, going on to trumpet the scope of Washington’s nuclear arsenal in comparison to Beijing’s. Trump also said his administration was “looking at the World Trade Organisation” (WTO), threatening to “ship out” if the United Nations trading body did not “shape up”. In particular, he bemoaned China’s status within the WTO as a developing country (a determination that affords it certain privileges), and said that the US should be given the same label because of the state of some “Democrat-run cities”. “We’re not fully developed as far as I’m concerned, when you look around at Portland and you see what these Democrats are doing to our cities,” he said. The city in Oregon is one of numerous across the country that has seen sustained protests over systemic racism and police brutality. US elections won’t change Washington’s China policies much, experts say

To: DinoNavarre who wrote (6326)	9/9/2020 1:24:55 PM
From: elmatador	1 Recommendation Recommended By DinoNavarre Read Replies (1) \| Respond to of 13856

Korean component makers Samsung and SK Hynix will be forced to stop supplying Huawei on 15 September if they don’t get a special license from the US. While this is being extensively reported by South Korean media, the deadline for cutting off Huawei was set in place by the latest round of US restrictions unveiled last month. So Samsung and SK Hynix are in the same boat as Mediatek, being East Asian companies compelled to beg for US permission to go about their business. According to the reports the Korean companies have made their pilgrimage to the Bureau of Industry and Security, but there’s no indication of them having received a response, one way or the other. Since it’s hard to imagine any technology manufacturing process not using US products or intellectual property at some stage, BIS would have to contradict its own commandments in order to grant that permission, so the smart money is on it being declined https://telecoms.com/506397/samsung-set-to-cut-off-huawei-due-to-us-sanctions/

To: DinoNavarre who wrote (6326)	9/10/2020 9:24:41 AM
From: elmatador	1 Recommendation Recommended By DinoNavarre Read Replies (1) \| Respond to of 13856

After Huawei came the China General Nuclear Power Group (CGN). The state-owned Chinese firm has invested 3.8 billion pounds (€4.1 billion, $4.3 billion) in Britain to date, mainly in the Hinkley Point nuclear plant under construction in Somerset, southwest England, and the Sizewell plant in eastern England. It is also seeking UK regulatory approval to build its own nuclear reactor at Bradwell in Essex, east of London. ... China warned the UK it would face "consequences if it chooses to be a hostile partner" after London announced its Huawei's decision. Liu Xiaoming, the Chinese ambassador to the UK, reportedly said China could cut its backing for UK nuclear plants altogether. Years of Chinese involvement in UK nuclear industryCGN's involvement in the UK nuclear industry began in 2016 when a deal was signed with French state-owned utility Electricite de France (EdF) to collaborate on three reactors totaling 8.7 gigawatts (GW) of power generation, starting with Hinkley Point. The agreement spoke of CGN's "progressive entry" into the UK's "resurgent" nuclear ambitions. read full article https://www.dw.com/en/uk-nuclear-power-the-next-huawei/a-54631808