Tag: China tariffs

Years of Watching General Mark Milley Finally Make Sense – The Chairman of The Joint Chiefs is a Political Operative

By Sundance via TheConservativeTreehouse

A statement made by Joint Chiefs Chairman General Mark Milley defending the teaching Critical Race Theory to West Point cadets has gained some attention.  However, the comments Milley made today actually reconcile several years of CTH watching Milley operate and having puzzling questions.

Remember, General Milley did some really odd things as Joint Chiefs Chairman under President Trump:

(1) Milley never removed Lt. Col Alexander Vindman from his White House post after the underling compromised his leadership position.  The pentagon left Vindman on assignment to the NSC even after Vindman attempted to take-down President Trump.

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US Slaps New Tariffs On China; One Minute Later China Retaliates

Via ZeroHedge

The biggest reason for last week’s torrid stock market rally was rekindled “optimism” that the escalating trade war between the US and China may be on the verge of another ceasefire following phone conversations, fake as they may have been, between the US and Chinese side. This translated into speculation that a new round of tariffs increases slated for this weekend may not take place or be delayed.

However, that did not happen, and with no trade deal in sight, at 12:00am on Sunday, the Trump administration slapped tariffs on $112 billion in Chinese imports, the latest escalation in a trade war that’s ground the global economy to a halt, sent Germany into a recession, and given the market an alibi to keep rising because, wait for it, “a trade deal is imminent.”

Only, it isn’t, and 1 minute later, at 12:01am EDT, China retaliated with higher tariffs being rolled out in stages on a total of about $75 billion of U.S. goods. The target list strikes at the heart of Trump’s political support – factories and farms across the Midwest and South at a time when the U.S. economy is showing signs of slowing down.

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Now the Trade War’s Fake, Too

Guest Post by Bill Bonner

BALTIMORE, MARYLAND – The show went on! And, as we predicted, The Donald claimed victory… and stocks went up.

When we left you on Friday, Mr. Trump was on Air Force One. He was on his way to the G20 in Buenos Aires to decide the fate of the world.

At least, that is the way the showdown with China’s head man, Xi Jinping, was advertised.

The Chinese are “ripping us off,” claimed President T. They treat us “unfairly”… they are “taking advantage” of us.

Trump believes the U.S. loses jobs and wealth to China because his predecessors made bad deals. He, the titular author of The Art of the Deal, believed he could do better; getting a better deal with the Chinese is a cornerstone of his administration.

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