Tag: China trade war

Will Government Shutdown Return As The Trade War Expands?

From Brandon Smith

government shutdown and trade wars

The mainstream economic community has a notoriously short attention span and a lack of long-term perspective. After the longest government shutdown in American history subsided, the mainstream proclaimed the fight well and over – in other words, nothing to see here, Trump “folded” and all is well. Of course, what they consistently seem to ignore is the fact that the shutdown was only placed on a three week hiatus. This is hardly any assurance of a return to “normalcy”.

As I write this, the Trump Administration has yet to make its State Of The Union Address, and it is possible we will know more afterwards on the shutdown issue. Trump’s propensity for saying one thing and doing another makes it difficult to discern the future on policy actions. We don’t have long to wait, however, as this March is set to be possibly one of the most tumultuous times for the modern U.S. economy.

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America’s “Franz Ferdinand” Moment

Guest Post by Bill Bonner

BALTIMORE, MARYLAND – Whatever good was done by the Trump/Xi trade war truce in Buenos Aires was likely undone by what was done in Vancouver Airport earlier this month.

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China for the Trade Win?

Guest Post by John Mauldin

With all the trade war talk, we all ask the obvious question: Who will win? President Trump says the US will win. Chinese business leaders say no, we will win. Free-traders on both sides say no one will win. Few stop to ask, “What does a ‘win’ look like?”

This makes discussion difficult. People are chasing after a condition they can’t even define. Victory will remain elusive until they know what they want. Regardless, you can score me on the “no one wins” side. I believe, and I think a lot of evidence proves, that free trade between nations is the best way to maximize long-run prosperity for everyone.

However…

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Can US-China trade war rivalry reverse the worst economic trends in both countries?

Guest Post by Andy Xie

The dispute began with US President Donald Trump’s complaints about the bilateral trade balance and access to China’s market. It then morphed into a dispute on intellectual property rights violations and China’s economic model of subsidising technology development. Now, it is about global strategic rivalry.

Beyond the trade war: how Chinese companies can survive the next decade

The US’ contention is that China makes money from the US and is using it to push America out of Asia and elsewhere. It is difficult to see how the US could climb down from this position. To follow its rhetoric, it will try to cut off China from its market and block technology exchanges.

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A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates

Via ZeroHedge

Following a surge in Chinese, European, and much of the US equity markets this week amid hopes that the so-called ‘trade skirmish’ was less ‘war-like’ than expected, China just dropped an early Saturday morning (local time) tape bomb that is sure to resurrect ‘trade war’ talk.

https://www.zerohedge.com/sites/default/files/inline-images/china-releases-retaliation-record-to-us-tariffs-will-levy-tariffs-on-60bn-in-us-goods.jpg?itok=sn7n7zEM

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China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs

Via ZeroHedge

When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200BN round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled in Washington for Sept. 27 and Sept. 28. Now, in a follow up report, the WSJ has confirmed that in light of the Trump’s imminent  announcement, China is considering declining Trump’s offer of trade talks later this month as Trump’s “pressure tactics” aren’t “sitting well” with Beijing, which has repeatedly said it wouldn’t negotiate under threat.

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