Tag: trade war

The Escalating Japan-South Korea Trade War: Are Your Investments At Risk?

From Birch Gold Group

Another trade war is brewing between these two nations, and the results could be dramatic for U.S. investors.

The United States and China are not the only two nations involved in a trade war.

Over the summer, trade relations between Japan and South Korea have dramatically deteriorated to the point that many are calling this a trade “war”, although some experts are describing the developments as a trade “dispute” at this point.

Continue reading “The Escalating Japan-South Korea Trade War: Are Your Investments At Risk?”

Currency War Begins: Chinese Yuan Crashes Past 7 To New Record Low; Global Markets Tumble After Beijing Suspends US Agri Imports

Via ZeroHedge

Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods.

Meanwhile, resorting to its old, tired and worn out tricks, Dow Jones reports that the PBOC will crack down on short-term Yuan speculation, and anchor market expectations.

Which is great… if only the PBOC didn’t say exactly the same back in May, when it warned currenct traders that  those “shorting the yuan will inevitably suffer from a huge loss.”

Three months later, it’s currency traders 1 – Beijing 0.

Continue reading “Currency War Begins: Chinese Yuan Crashes Past 7 To New Record Low; Global Markets Tumble After Beijing Suspends US Agri Imports”

Doug Casey on Trump and the Trade War

Via Casey Research

Justin’s note: The trade war is spiraling out of control.

If you’ve been reading the Dispatch, you already know what I mean. In short, Trump’s taken his tough stance on trade to new heights.

He hit China with more tariffs last month. He also threatened to impose tariffs on Mexico. This is a huge deal. After all, we’re talking about two of America’s biggest trading partners.

Unfortunately, this is likely just a taste of what’s to come.

Doug Casey explains why in today’s brand-new Conversations With Casey. Doug also tells me why Trump absolutely cannot win the trade war…

Continue reading “Doug Casey on Trump and the Trade War”

The Trade War Is About To Become An Economic World War III

From Brandon Smith

trade war to world war

For many years I have examined how wars of all types have been used by the money elite to distract the masses and maintain a certain level of influence over social and political systems. But war is not only a useful tool for keeping the status quo. Some wars, particularly world wars, are often catalyzed and exploited by those with a globalized agenda as a way to change the way civilizations function and think. The goal? To influence the masses to abandon their attachments to concepts like individualism, nationalism, free markets and sovereignty, and to embrace collectivism and total globalization.

Continue reading “The Trade War Is About To Become An Economic World War III”

Trump Folds on Trade War With China

Guest Post by Tom Luongo

Over the weekend, fifteen minutes before U.S. equity futures markets opened, President Trump extended the trade talks between the U.S. and China.

No one should be shocked by this.

Because China isn’t the main problem.  We are.  Why?  Keep reading.

Trump has rapidly become the Appeaser-in-Chief. Everyone on the other side of the negotiating table knows this.  Sure, he’s put sanctions on Russia, Iran and every other small global player to show how tough he is.

But when it comes to anyone serious enough to hurt the U.S. economy?  He folds every time.

India?  Germany? Mexico?  Canada?

Continue reading “Trump Folds on Trade War With China”

China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures”

Via ZeroHedge

So much for a trade war truce between China and the US, or a stock market Christmas rally for that matter.

Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder — was arrested on December 1, or right around the time Trump and Xi were having dinner in Buenos Aires last Saturday, and faces extradition to the U.S. as a result of a DOJ investigation into whether the Chinese telecom giant sold gear to Iran despite sanctions on exports to the region, China immediately lodged a formal protest publishing a statement at its embassy in Canada, and demanding the U.S. and its neighbor “rectify wrongdoings” and free Meng, warning it would “closely follow the development of the issue” and will “take all measures” to protect the legitimate rights and interests of Chinese citizens.

Full statement below:

Continue reading “China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures””

Escobar: Sun Tzu And The Art Of Fighting A Trade War

Authored by Pepe Escobar via The Asia Times,

It will be long, it will be nasty and Trump would be foolish to underestimate Xi and the resolve of China…

https://www.zerohedge.com/sites/default/files/inline-images/or-41289.jpg?itok=i5hpMege

Imagine the Chinese leadership out of the public eye for nearly two weeks – virtually holed up, immersed in a secret debate. That is exactly what just happened at Beidaihe, the beach resort in eastern Hebei province.

While there might be James Bond-ish conspiracy theories out there for this annual ritual, there are no doubts about the key theme of discussions: The US-China trade war.

The second-largest world economy under President Xi Jinping is deep into the long march towards superpower status. The previous geopolitical and geoeconomic status quo is dead.

Xi has made it abundantly clear that for China to just become a “responsible stakeholder” in the post-Cold War US-controlled liberal international order is not enough.

Continue reading “Escobar: Sun Tzu And The Art Of Fighting A Trade War”

Why Trump Won’t Start a Real Trade War

Guest Post by Bill Bonner

NORMANDY, FRANCE – Oh boy… the plot thickens.

The New York Times reports:

President Trump escalated his trade war with China on Wednesday, ordering his administration to consider more than doubling proposed tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent, as talks between Washington and Beijing remain at a standstill.

Mr. Trump instructed the United States trade representative to look into increasing tariffs on Chinese imports like fish, petroleum, chemicals, handbags, and other goods to 25 percent, a significant escalation in a dispute that is beginning to take a toll on industries and consumers in both countries. A final decision on the size and scope of the tariffs is not expected before September.

Fake Wars

The Deep State welcomes war. But, especially in the case of a trade war with China, it must be a phony war.

And here is a good test. We’ll see how well, or badly, we have connected the dots.

Continue reading “Why Trump Won’t Start a Real Trade War”

The Market Gods Are Laughing

Guest Post by Bill Bonner

POITOU, FRANCE – President Trump escalated the trade war yesterday, making a kamikaze attack on a vast armada of Chinese imports – $200 billion in total – headed for California.

The Chinese say they will retaliate.

Continue reading “The Market Gods Are Laughing”

“No More Turning The Other Cheek”: Chinese President Vows He’ll Strike Back At The U.S.

Update: The Dow has extended its losses after Xi’s threats and is now down 450 points as VIX spikes above 19…

https://www.zerohedge.com/sites/default/files/inline-images/2018-06-25_9-12-02.jpg?itok=PSkf2u5N

This move has erased almost all gains across all the major US equity markets in June.

https://www.zerohedge.com/sites/default/files/inline-images/2018-06-25%20%281%29.jpg?itok=8Rn4J-6u

*  *  *

With the market tumbling today on worries that the tit-for-tat trade war escalation between the US and China is now “irreversible“, the WSJ just poured gas on the fire with a report that China President Xi Jinping is responding to the Trump administration’s trade-clash escalations “with a bare-knuckle approach that makes a bruising fight more likely.”

Continue reading ““No More Turning The Other Cheek”: Chinese President Vows He’ll Strike Back At The U.S.”

Trump’s unwinnable trade war with China

Guest Post by Daniel Griswold

China’s imposition this week of tariffs on 128 U.S. export products could be just the beginning of a prolonged and destructive trade war between the world’s two largest economies.

Despite President Donald Trump’s boast that “trade wars are good and easy to win,” this one could impose heavy casualties on both nations and the global economy.

A trade war is a tit-for-tat escalation of tariffs, aimed more at punishing the other country than protecting domestic producers. The Chinese tariffs announced so far are a direct retaliation for tariffs on imported steel that the Trump administration imposed last month on dubious “national security” grounds. If the Trump administration follows through on a threat to impose tariffs on $50 billion in Chinese imports based on a dispute over intellectual property, the Chinese retaliation could be exponentially greater.

Continue reading “Trump’s unwinnable trade war with China”

Trump To Launch Trade War With China On Friday, Beijing Vows Retaliation

Tyler Durden's picture
by Tyler Durden
Aug 3, 2017 7:46 AM

Yesterday, the WSJ reported that the Trump administration is planning to begin a probe of what the U.S. sees as violations of intellectual property by China. Against a backdrop of Trump’s frustrations with domestic policy, sliding approval ratings and disagreement with China over North Korea, the chances of protectionist action are rising, as is the probability of a “hot”, retaliatory trade war. This morning ow learn when Trump is set to fire the first shot. Reuters reports, citing White House officials, that President Trump is expected to make a speech and sign a memorandum at the White House on tomorrow, Friday, that will target China’s intellectual property and trade practices, effectively firing the first shot in what could escalate into a major US-China trade war.

Continue reading “Trump To Launch Trade War With China On Friday, Beijing Vows Retaliation”

China’s About to “Take the Gloves Off” in Response to Trump

From Birch Gold Group

Donald Trump’s latest interview with the Wall Street Journal, in which he took aim at Beijing’s “One China” policy, is raising concerns over a trade war with China. Already aggravated by Trump’s existing anti-trade positions, China now says that, should our next president move against the policy, they will be forced to “take off the gloves”. If Beijing makes good on that threat, it could mean big changes for the U.S. economy.

Why China Is Ready to Fight

The trade relationship between China and the U.S. is an integral part of the global economy, but Trump feels the existing structure unfairly puts the U.S. at a disadvantage. Therein lies the crux of the issue. Trump wants to step in and level the playing field, but doing so could cause a dangerous retaliation from China.

Continue reading “China’s About to “Take the Gloves Off” in Response to Trump”

A BIASED 2017 FORECAST (PART TWO)

In Part One of this article I discussed the failure of our brains to think rationally due to our biases and the relentless propaganda flogged by our Deep State ruling class. Viewing the future through the looking glass of the Fourth Turning keeps you focused on the three catalysts which will drive all events in 2017 and beyond. I’ve addressed my 2017 Debt forecast in Part One. Now I will make some guesses about what might happen in 2017 related to Civic Decay and Global Disorder.

Civic Decay Forecast

“Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman, Thinking, Fast and Slow

The presidential election and its aftermath tell you everything you need to know about the level of civic decay overtaking this country. The country is as divided as it was after the election of Abraham Lincoln in 1860. There is virtually no common ground between liberals and conservatives. The pure hatred and contempt between the winners and losers in the recent election does not bode well for the country over the next four to eight years.

The social fabric of the country has been torn asunder. The Clinton supporters believe anyone not on their side is deplorable, racist, misogynist, and fans of Hitler. Trump supporters believe anyone not on their side is low IQ, Muslim loving, deceitful, math challenged, and fans of a criminal. The gulf between the two sides is unbridgeable.

Continue reading “A BIASED 2017 FORECAST (PART TWO)”