“In the event of a trade war with the United States, China’s response would go well beyond tariff increases,” said Mark Williams, Chief Asia Economist for Capital Economics. “U.S. companies would find their products and operations in China subject to tighter regulation that hampered their capacity to do business there.”
“U.S. exports of cars and aircraft would be in the firing line,” he said. China might also subject U.S. companies to tighter regulation that hampers their capacity to do business. Beijing may also encourage its exporters by offering tax rebates to overcome any reduction in export demand in the U.S., Williams said. Continue reading
Tag Archives: U.S. Chamber of Commerce
The U.S.’ New Trade War with China
China decried a decision by the U.S. Chamber of Commerce yesterday to impose steep duties on the country’s cold-rolled flat steel, which is primarily used for car manufacturing.
The United States imposed a new 522% fee on steel products, reported CNN. New China tariffs also include a 266% anti-dumping duty and a 256% anti-subsidy duty. Continue reading
Choosing national suicide
As Winston Churchill noted in his indictment of appeasement of Nazi Germany in the 1930s, “there is a great danger in refusing to believe things you do not like.”
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Obama is dangerous as a President because his ideologies, Marxism and sympathy for Islam, drive him to pursue policies that run counter to the national interest, the well-being of the American people and, quite frankly, the survival of the country. His mendacity is compounded by his arrogance and narcissism that prevent him from accepting responsibility and learning from his mistakes. He is not on our side.
People ask – How can this be happening to our country? What can we do to stop it? Continue reading
Global Geopolitics 