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| Mark Wilson | Getty Images U.S. President Donald Trump waves as he departs from the White House on July 12, 2017 in Washington, DC. Timing of Trump's latest tariff threat against China is 'especially unfortunate': Former US deputy trade rep > "The timing is especially unfortunate," Miriam Sapiro, a former deputy and acting U.S. trade representative during the Obama administration, said after President Donald Trump threatened another $100 billion tariffs on Chinese products. > The latest development would make it more difficult for China to engage. "Either China matches this escalation, plays tit-for-tat, or it takes a high road and score significant leadership point," she said … for more, go to https://www.cnbc.com/2018/04/05/miriam-sapiro-on-us-china-trade-war-donald-trump-100-billion-additional-tariffs-on-chinese-products.html |
US vs China-Russia Combo heading for all-out trade war … what next for the rest of the world?
KUALA LUMPUR (April 2018): As the Donald Trump-led US continues to rock the global economy with more tariffs, China and Russia have reaffirmed their resolve to deny the Americans their quest for world imperialism.
The war-waging US should take a serious note of China’s newly appointed Defence Chief Gen. Wei Fenghe’s official visit to Russia.
As reported regularly previously, the China-Russia Combo is keeping the US world hegemony in check. (Read these for context: (Read these for context: https://ilovemalaysiachinasilkroad.blogspot.my/2018/01/is-us-debt-us20-trillion-or-us222.html (Is the US debt US$20 trillion or US$222 trillion?) and https://ilovemalaysiachinasilkroad.blogspot.my/2017/10/whatever-analysts-say-china-russia.html Whatever analysts say, the China-Russia Combo is keeping the US world hegemony in check!)
Ask yourself these questions: Do you think Trump will stop rocking the world economy with tariffs without achieving his vision of “Make America Great Again?
Also, do you think China, or for that matter even Russia, will yield to the Trump-US global economic threats?
If your answer to both questions is no, then belt up and prepare for the worse:
"Chinese defense chief says his trip to Russia is a signal to the US
By James Griffiths, CNNUpdated 1227 GMT (2027 HKT) April 4, 2018
Russia claims successful test of 'invincible' missile
Hong Kong (CNN)
The US should take notice of China and Russia's increasingly close military ties, a top Chinese official said Tuesday.
Gen. Wei Fenghe, China's new defense minister, gave the remarks in Moscow following a meeting with Russian Defense Minister Sergey Shoigu, according to Russian state news agency TASS.
"I am visiting Russia as a new defense minister of China to show the world a high level of development of our bilateral relations and firm determination of our armed forces to strengthen strategic cooperation," Wei said.
"The Chinese side has come (to Moscow) to show Americans the close ties between the armed forces of China and Russia ... we've come to support you."
Wei added that Beijing is ready to express with Moscow "our common concerns and common position on important international problems at international venues as well."
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| Russian Defense Minister Sergei Shoigu, left, and China's Defense Minister Wei Fenghe review an honour guard prior to their talks in Moscow, Russia, Tuesday, April 3, 2018. |
The unusually candid remarks come amid ongoing closeness between Moscow and Beijing, with Chinese President Xi Jinping and his Russian counterpart Vladimir Putin promising in November to enhance bilateral ties and cooperation on international affairs.
Putin is due to visit China later this year, for his first meetings with senior Chinese officials since being elected for a fourth term.
At a UN meeting in September, the foreign ministers of both countries criticized Washington for its aggressive stance in global affairs, and said there was an ongoing transition to a "multipolar world" without a single superpower.
While the Sino-Russian relationship has been rocky in the past, Beijing upped its support for Moscow in the wake of intense Western sanctions following the Russian annexation of Crimea.
How close are China and North Korea?
Both countries have long supported each other at the United Nations on issues such as North Korea and Syria, where they are in opposition to or disagreement with the US.
Wei was appointed China's defense minister last month, part of a raft of sweeping changes enacted by Xi, including the lifting of term limits on the office of the presidency.
Reforming China's military has been a key goal of Xi's, who recently called for the People's Liberation Army to be strengthened "with science and technology and rule-based governance."
Moscow too, has sought to build up its fighting power. In early March, Russia tested a new missile Putin claimed would render NATO defenses "completely useless."
US-China nearer to all-out trade war with US$100b tariffs, says S&P
CORPORATE NEWS
Friday, 6 Apr 2018
2:46 PM MYT
KUALA LUMPUR: US and China are drawing even nearer to an all-out trade war after President Donald Trump's threat to impose tariffs on another US$100bil of unspecified Chinese imports.
S&P Global Ratings said on Friday the total value of Chinese goods possibly subject to US tariffs is now US$150bil. This is equivalent to a substantial 30% of the US$505bil of China's exports to the US.
However, it worried that a greater threat was the dispute expanding beyond tariffs on goods.
“A breakdown in negotiations and policy missteps could spiral into a trade war, damaging global business and consumer confidence, investment prospects, and growth,” it said.
However, the ratings agency still held the view that the potential near-term effects on corporate credit are likely to be muted.
“Admittedly, though, some industries could be more affected,” it said.
On Thursday, Trump instructed the Office of the US Trade Representative (USTR) to consider whether tariffs on an additional US$100bil on Chinese good imports would be appropriate under Section 301 of the Trade Act of 1974.
The USTR has described China's proposal to impose tariffs on US$50bil of US exports to China, including agricultural products, as unjustified.
Overnight, China had initiated a World Trade Organization (WTO) dispute resolution procedure over US tariffs on steel and aluminum.
China's proposal to levy tariffs on US$50 billion of US goods represents 38% of the US$130bil in US exports to China. This leaves a further US$80bil of US goods to China that are not covered by China's tariffs, yet. - The Star Online"
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| For image text, go to https://revolutionaryfrontlines.wordpress.com/2010/09/19/economists-see-a-looming-us-china-trade-war/ China ready to defend its interests ‘at any cost’ in trade war after Donald Trump threatens extra tariffs on US$100bn of imports Beijing stresses it does not want a trade war but insists it will fight back if US President raises the stakes PUBLISHED : Friday, 06 April, 2018, 2:00pm UPDATED : Friday, 06 April, 2018, 2:49pm State media denounced the US President’s latest announcement as a “violation of international trade rules”, and a former senior official said service trade between the two nations may be the next target for China’s retaliation. A statement by the Ministry of Commerce said China would definitely fight back, even though it does not want a trade war. “If the US side disregards opposition from China and the international community and insists on carrying out unilateralism and trade protectionism, the Chinese side will take them on until the end at any cost,” it said … for more, go to http://www.scmp.com/news/china/diplomacy-defence/article/2140565/china-ready-defend-its-interests-any-cost-trade-war |
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