Tag Archives: Sino-American trade war

"Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA." The bottom line: It should go without saying that Trump doesn't have the authority to order U.S. companies to look for alternatives to China.... AxiosIn tweets, Trump tells American businesses to leave China See also at Axios China announces retaliatory tariffs on $75 billion of U.S. goodsSee also at...

For the first time since March 2008, PBOC fixed the yuan weaker than 7 per USD.... Zero Hedge China Fixes Yuan Weaker Than 7 For First Time In Over 11 Years Tyler DurdenSee also at ZHRay Dalio Tells Investors 'Bet On China' As The Next Global Empire

“I think the expectation is that this is going to escalate and get worse rather than coming to a place of agreement or just going away,” said Putri Pascualy, managing director at investment firm PAAMCO Prisma. “The risk in the market is political and political risk for investors is very difficult to handicap.”…. Politico Trump’s China battle heads into the danger zone Doug Palmer

Basically, what he’s trying to do is blame China and blame foreigners for the fact that a lot of Americans are really hurting. They’re not doing better. They’re not earning enough to break even. They’re going further into debt. But Trump is really saying that it’s not our fault. It’s China’s fault. Don’t blame the financial mismanagement. Don’t blame the corporations. Blame China. He pretends that they’ll pay instead of Americans. But when you levy a tariff, import prices are going to go...

China remains committed to its 40-year-old process of reform and opening up. But following through on this commitment will require China's leaders to find ways to manage escalating tensions with the US and avoid a costly – and potentially devastating – reconfiguration of the global economy.... Project SyndicateThe Next Phase of Trump’s Trade War with ChinaYu Yongding | former president of the China Society of World Economics and director of the Institute of World Economics and Politics at...

The trade imbalance part is relatively easy to tackle if China adopts an ‘open wallet’ approach to buy more from the US and resort to the ‘soybean strategy’ (commitment to purchase US agricultural products.) But then, how far this helps the US to tackle its multilateral trade problem is a different matter. (The US ran trade deficit with 102 countries in 2018.) Fundamentally, the problem lies in the US economy’s widening federal deficit over the next decade. In sum, tariff war with China can...

Crack open an iPhone and you’ll begin to see why President Donald Trump’s ongoing trade war with China doesn’t make sense. On paper, imports of the popular smartphone and other goods from China look like a big loss to the U.S. The president certainly thinks so and has often cited the massive U.S.-China bilateral trade deficit – US$420 billion in 2018 – as a reason to fight his trade war. When an iPhone X arrives in the U.S., it adds about $370 – its factory cost – to the deficit. All...

No way this is comparable to Japan. It amounts to adding apples and oranges. The differences outweigh the similarities.  China is not Japan, just as Iran is not Afghanistan, Iraq, Syria, or Libya. There's a big difference in opening a can of worms and opening Pandora's box. The result so far has been to drive China and Russia closer together, which is a strategic nightmare for the US since this is the only existential military threat the US faces. That was a strategic blunder that...

World trade is in deceleration mode. Real-World Economics Review BlogDisruption in the World of TradeC. P. Chandrasekhar and Jayati GhoshThis article was originally published in the Business Line on June 3, 2019

David P. Goldman puts some numbers on it.Asia TimesWashington is wrong about China’s economy David P. Goldman puts some numbers on it.See alsoGold, Goats 'n GunsWhat’s the Plan Mr. Tariff Man? Tom Luongo See also Tom DispatchTomgram: Michael Klare, Fighting the Next War, Not the LastSee alsoNEONew US Ambassador to Uzbekistan – You Just don’t Wanna Know Martin BergerSee alsoThe Vineyard of the SakerSpecial China SITREP & Analysis Larchmonter445See alsoFortuneChina Is Creating A...