Tag Archives: US trade war

Being unable to compete in terms of the technology itself or the pricing thereof, the US is instead forced to resort to so-called “lawfare” and infowars in order to undercut its Chinese opponent. The replacement of outdated American technological infrastructure with updated Chinese systems will also deal a heavy blow to the NSA’s ability to vacuum up countless communications, which is probably the real reason why the US is in such a frenzy to stop Huawei from expanding to Europe and...

This will likely meet reciprocal response and result in a two-tier IT technology, with the West vassals using the Western system and the Global South using the Chinese system. A multi-polar world will result, especially with a growing cold war between the US/Global North and China-Russia/Global South.BloombergU.S. Preparing Trump Order to Restrict Chinese Telecoms, Sources Say Margaret Talev and Sheridan Prasso See alsoZero Hedge"Huawei Death Sentence": Trump Said To Prepare Executive...

So, what is going on? Well, the US military complex is ‘for real’ on this. They are gearing-up for the coming military-standoff with China. The constant harking on themes that China is stealing America’s technology, its knowhow and its data – and now the barrage of allegations about China ‘hacking’ and (shades of the Russiagate) interfering in US elections, essentially (but not wholly) is about shaping a casus belli versus China. The rude fact is that the US military were shocked to find...

No deal with China. China has already declared that it is not going to submit to US dominance, which is ultimately regime change and the demise of the Chinese Communist Party. Chimerica is effectively over.The question now is who can wait the other out? I would be betting on China.Zero HedgeStocks Tumble After Navarro Says "Agreement With China Difficult" Unless Beijing Does Full Trade Overhaul Tyler Durdenalso at ZHChinese Media Deny WSJ Report About Global Banks Cutting Ties With Huawei...

The Trump administration's conflict with China has little to do with US external imbalances, closed Chinese markets, or even China’s alleged theft of intellectual property. It has everything to do with containing China by limiting its access to foreign markets, advanced technologies, global banking services, and perhaps even US universities.… The Trump administration, not Huawei or China, is today’s greatest threat to the international rule of law, and therefore to global peace....

What is really at the basis of the ongoing civilizational conflict between the US and China, a feud which many say has gradually devolved into a new cold war if few top politicians are willing to call it for what it is, are China’s ambitions to be a leader in next-generation technology, such as artificial intelligence, which rest on whether or not it can design and manufacture cutting-edge chips, and is why Xi has pledged at least $150 billion to build up the sector. But, as the FT notes,...

“It is clear the US is pushing the battle line to our door … We can completely regard the US arrest of Meng Wanzhou as a declaration of war against China.” So read an editorial in the Global Times of China on December 6, the day after Meng Wanzhou, chief financial officer of the Chinese company Huawei was taken hostage by the Canadian and American governments on December 1. The daughter of the founder of China’s largest telecommunications company was arbitrarily arrested and detained by...

Dean Baker argues that what the president considers a winning deal with China is a good deal for US transnational corporations but a bad deal for American workers. Moreover, it only s good deal short term for corporations and likely a bad deal longer term. What Baker doesn't mention is that the hardline approach to China that the Trump administration is taking on all levels is looked upon in China as must more Western humiliation of the oldest continuous civilization on the planet. The...

Vice President Pence in a speech about China some weeks ago essentially said that the United States and the West more broadly made a bad bet. The bet was that if Western countries participated in capitalism with China, that its political system would open up, that democracy would follow. He said that bet hasn't worked out, which does seem plainly true. Do you assume that China will never open up? No, I don't think we should assume that at all. In fact, I think a very important factor in...

The "free trade agreements" have little to do with tariffs and can be better described as "investor rights agreements" in that their main purpose is to shield companies from sovereign law. Laws are designed to protect a nation from environmental and labor abuses, and that might otherwise impinge on profits. The beneficiaries of the agreements are not so much the nations as the elite business owner class in each country. The opulent minority. Free trade in the sense that private companies...