When you look at its economic numbers, China’s having a good pandemic. The boom in demand for personal protective equipment and the impact of lockdowns on purchases of appliances and electronics has produced a surge in China’s exports and a record monthly trade surplus.China-Australia dispute: Beijing’s record November to further unsettle western world
The Communist State of the USA Weopnising International Trade (ODT)
It’s a process that has prompted fears from business that as Trump’s trade war grows into a broader technology-driven conflict with China, the US could end up damaging its own economic future.
That fits with the Trump administration’s mantra that economic security is national security. So far the administration has used that to justify tariffs on steel and aluminium and to threaten more import duties on cars and parts from the EU and Japan.
“It’s always tricky to get export controls right. Too lax and critical technologies end up in the hands of our adversaries. Too strict and we limit our high tech companies’ ability to grow and further innovate, and we encourage others to develop their own capabilities in critical sectors,” he said.
The agreement reached is nothing has changed all is back to where it was before Trump imposed the tariffs. Translated into reality Trump wimped. His method of dealing is clear impose a threat. Go back to normal and have it called a victory. Art of the deal = Fake News, Kim Jong Un does way better than Trump he actually gains ground. (ODT)
Economic errorism by the the worlds largest Industrial Military Complex. Ready to alter the biology of mankind (ODT)
Then the US delegation, embracing the interests of infant formula manufacturers, upended the deliberations.
American officials sought to water down the resolution by removing language that called on governments to “protect, promote and support breastfeeding” and another passage that called on policymakers to restrict the promotion of food products that many experts say can have deleterious effects on young children.
When that failed, they turned to threats, according to diplomats and government officials who took part in the discussions. Ecuador, which had planned to introduce the measure, was the first to find itself in the cross hairs.
The Americans were blunt: If Ecuador refused to drop the resolution, Washington would unleash punishing trade measures and withdraw crucial military aid. The Ecuadorean government quickly acquiesced.
“Investors are now beginning to worry that this heated rhetoric is something that will last for a while and could actually lead to disruption of trade,” said Sam Stovall, chief investment strategist at CFRA Research in New York.
The Chinese Ministry of Commerce says China would fight unilateral US protectionism “at any cost” in response to Donald Trump’s announcement that he had instructed trade officials to consider $US100 billion ($130 billion) in additional tariffs.