Australia seems hell-bent of damaging its economic security in the interests of being in the vanguard of a growing international anti-China “cabal”, writes William Briggs.Australia, China and the weaponising of trade
Australia, with its “gas-led recovery”, corrupted political process and continuing reliance on fossil fuels for exports and energy, is moving from climate laggard to climate criminal as we head for another record warm year — possibly the warmest ever. Global sanctions in the form of tariffs on every Australian export — not just the limited range of energy-intensive products identified by the EU — to make up for our lack of action is economically justified and morally compelling.Global tariffs the only way to end Australia’s climate criminality
Some Chinese energy providers have been told to stop importing Australian coal amidst trade tensions between our countries, writes Professor John Quiggin.China tightens the screws on Australian coal imports
Hunting for a Knighthood? A way back? (ODT)
Labor has demanded the Morrison government explain how former prime minister Tony Abbott will manage conflicts of interest as he advises the United Kingdom on trade deals with countries including Australia. Mr Abbott confirmed his appointment as an unpaid adviser to the UK Board of Trade on Saturday morning after a firestorm of criticism over his past comments on women and gay people.Tony Abbott: Labor questions former PM’s conflict of interest in new UK trade role
From March 2018… Nothing has changed!!
If Australia is leading the world in export growth, then where is all this wealth ending up? As shown in multiple publications, the large foreign mining companies and other big exporters seldom pay anywhere near the tax they should. There are no other mechanisms for retaining the vast wealth in Australia. So most of the wealth gets shunted straight offshore into tax havens or to make mega-rich foreigners richer still.
China can finish what the LNP alpha apes started and they can do it without bullying.(ODT)
There is no celebration in the act of 4 steps backwards which Trump initiated in the first place lying his tits off that tarriffs were an income producing policy. But then when the damage done was hurting moving 2 steps forward again to ease the pain and calling that a win.. That’s what Kim Jong un is an expert at. doing. Threatening, promising and then threatening again gaining regaining inches maybe but losing all respect the nation once had for being trusted. Republicans are doing it for themselves and not the country (ODT)
The US and China have declared an official truce in their two-year long trade war, signing a deal that will see the US reduce some tariffs and China purchase hundreds of billions of dollars worth of American goods and services.
US President Donald Trump and Chinese Vice Premier Liu He signed the “phase one” agreement at a ceremony at the White House on Wednesday morning (Thursday morning Australian time).
India was once the production house for 37% of the global economy the British no, a Capitalist invention Multinational Corporation the East India Company put an end to that and reduced them to 3%. The company owned Britain, the West Indies, and a Colonial Empire as well. Trading textiles, spices, tea drugs and slaves out of tax free ports. It destroyed the worlds biggest textile industry which at the time was India. It then whitewashed the history of the Colonial Empire (ODT)
His country already has a $60 billion trade deficit with China and there are concerns lowering tariffs, and allowing the flow of cheap Chinese products into India, would further increase that deficit.