China Sends One of the West’s Most Critical Materials Soaring

Photographer: Daniel Berehulak/Getty Images

 

  • Tungsten prices have jumped 50 percent in the last two months
  • China is enforcing output quotas for the steel-hardening metal

The price of one of the most critical materials for the Western world’s economy and defenses is spiking faster than any major commodity. Continue reading

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

 

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

America’s Dying Aluminum Industry

And America still has no replacement for the Russian rockets it uses to send things into space with. America is hemorrhaging.

 

High purity aluminum is used to make jets such as this Boeing F-18. (ASANKA BRENDON RATNAYAKE/ANADOLU AGENCY/GETTY IMAGES)

 

Cheap Chinese aluminum is undermining national security.

At the dawn of the 20th century, the United States of America emerged as a world power. At the heart of its rise was a powerful manufacturing economy. Following the rapid expansion westward of Manifest Destiny, the collective resources of the continent were combined with the innovative and entrepreneurial spirit of the American people. The steel smelters of Pittsburgh, and the automobile factories of Detroit were symbols of America’s manufacturing might.

While American manufacturing drove forward peacetime prosperity, it wasn’t long before it would be mobilized for war. The armies of freedom were fortunate that the American industrial machine was on the side of the Allies, for it proved unmatched in the world. It is doubtful that the Allies could have won World War II if America was less industrialized. Despite the vital nature of American manufacturing, it has crumbled into oblivion since 1945.

The continuous outsourcing of American manufacturing and the over production of other countries has eroded away any industry America had. The smelters around Pittsburgh have long disappeared, and Detroit has become a ghost town. While this has led to fewer jobs and domestic issues, it is also becoming a national security threat. Continue reading

EU Prepares for Trade War with U.S. – Süddeutsche Zeitung

Photo: RIA Novosti / Aleksey Vitvitskiy

 

EU countries are considering three main variants of answering possible changes in the US trade policy.

Active discussions on how to react to plans of US President Donald Trump to introduce a 20 percent duty on imported goods in the US are held in EU countries, the German Süddeutsche Zeitung newspaper reported.

First of all, EU states themselves could subsidize their enterprises in order to save the companies from additional costs for new duties. In addition, companies would manage to remain competitive. However, this variant would hit the budget of European countries. Continue reading

White House Prepares For Trade War, Warns US “Will Not Be Bound By WTO Decisions”

In the latest warning from the White House that it is set to unleash trade policy that will be in sharp conflict with generally accepted trade norms, most likely a reference to some form of Border Adjustment Tax, the Trump administration has warned that the U.S. isn’t and won’t bound by decisions made at the World Trade Organization, in outlining a new trade agenda that “promises to root out unfair practices by foreign countries” and to escalate what are already simmering trade conflicts. Continue reading

Germany Considers Economic Retaliation Against Trump

Caption: German Finance Minister Wolfgang Schäuble (Sean Gallup/Getty Images)

 

If America unleashes a trade war starting with BMW, Germany is prepared to fight back.

Senior German politicians have threatened to unleash a trade war on the United States if President Donald Trump follows through his threats to German industry.

President Donald Trump famously threatened to put a 35 percent tax on the German car manufacturer BMW in an interview published by the Times of London and Bild on January 15. German politicians were quick to respond. The next day, German public broadcaster ZDF asked German Finance Minister Wolfgang Schäuble if the world is entering a time of more protectionism. Schäuble said he hoped not but also pointed out one way Germany could hit back.

“I also want to point out that currently American companies don’t have to tax their gains which they make outside of the U.S.,” he said. “That means that hundreds of billions of untaxed gains, of great American companies, rest in a tax oasis” (Trumpet translation throughout). Continue reading

China Readies Itself for Global Trade War with U.S. and WTO

You see, when Beijing negotiated the terms that allowed China to accede to the WTO in 2001, the United States agreed to treat China as a “non-market economy” (NME) in antidumping cases.

At least for the next 15 years, after which China would then get a WTO status upgrade to “market economy.” Continue reading

China declares WAR with EU and US: Beijing launches legal action against Juncker AND Trump

CHINA has launched legal action against the EU and the US for failing to recognise it has a market economy.

The move is likely to fuel worsening relations, particularly with the US after President-elect Donald Trump has been engaging in a war of words with Beijing, criticising its military build-up in the South China Sea as well as pointing the finger over the country’s alleged failure to rein in North Korea.

China’s leaders have been seeking official market economy status with the World Trade Organisation. Continue reading

EU seeks to strengthen measures on Chinese dumping

The European Commission presented new anti-dumping measures on Wednesday (9 November) that are mainly aimed at countering Chinese steel imports.

The commission wants to change the way it calculates dumping when products come from a country where the economy is distorted because of state intervention.

According to the proposal, the EU will scrap the usual distinction made between countries with a market economy status (MES) and countries which are not recognised as such. It proposes treating all members of the World Trade Organisation (WTO) in the same way.

Continue reading

Rare-Earth Market

Rare earths… A topic that was explored here years ago when it realized then the implications today’s press are just starting to wake up to.

See also:

US defense industry over-reliant on rare earth from China

Rare Earths Rouse Pentagon Fears

China warns of backlash if U.S. presses rare-earths case with WTO

 

https://foreignpolicymag.files.wordpress.com/2016/07/01_map_v2.jpg?w=350&h=179

 

By monopolizing the mining of rare-earth metals, China could dictate the future of high-tech.

Beyond high-tech gadgets, rare earths play a critical role in national defense, enabling radar systems and guided missiles. Ironically, they also power clean-energy technologies, such as wind turbines and electric cars. This year, global consumption is expected to be about 155,000 tons, far more than the 45,000 tons used 25 years ago. Demand will only grow — likely at an accelerated pace — as the world tries to rein in climate change. Continue reading

Iran, Europe Pressuring U.S. to Grant Tehran Access to Financial Markets

Iranian and European officials say that they are pushing the United States to grant the Islamic Republic unprecedented access to American financial markets and the U.S. dollar, working against promises by top Obama administration officials who had claimed Iran would never be granted such access, according to recent remarks.

Iranian Foreign Minister Javad Zarif, speaking at a joint press conference this weekend with European Union foreign policy chief Federica Mogherini, said that officials are pressuring the U.S. to grant Iran access to American markets.

“Iran and the EU will put pressure on the United States to facilitate the cooperation of non-American banks with Iran,” Zarif was quoted as saying at a briefing with reporters and Mogherini. Continue reading

Kuhner: Obamatrade would destroy America

President Obama is on the verge of creating the New World Order. He is using Trade Promotion Authority — otherwise known as “fast track” — to pass his globalist dream: the Trans-Pacific Partnership, a sweeping 12-nation trade pact.

The TPP, however, is much more than about “free trade.” It is a deliberate attempt to create a new Pacific Union — a supranational entity modeled on the European Union. It is an embryonic political and economic union that, if implemented, would destroy U.S. sovereignty, flood America with unlimited immigration and subordinate the Constitution to an unelected, unaccountable international tribunal.

Yet, Republicans in Congress, who were swept into office to curb Obama’s imperial presidency, are betraying their voters — and their country. Continue reading

China’s Secret Strategy Exposed

In all actuality, it’s out of the Soviet playbook still in effect today. This can be read about in Anatoliy Golitsyn‘s books New Lies for Old and The Perestroika Deception. It’s also somewhat good news to know that America is including in the next budget funding for 100 new long range bombers, however, we should believe it when we see it and it may be too little, too late.

 

Beijing Plots to Surpass U.S. in Coming Decades

China launched a secret 100-year modernization program that deceived successive U.S. administrations into unknowingly promoting Beijing’s strategy of replacing the U.S.-led world order with a Chinese communist-dominated economic and political system, according to a new book by a longtime Pentagon China specialist.

For more than four decades, Chinese leaders lulled presidents, cabinet secretaries, and other government analysts and policymakers into falsely assessing China as a benign power deserving of U.S. support, says Michael Pillsbury, the Mandarin-speaking analyst who has worked on China policy and intelligence issues for every U.S. administration since Richard Nixon.

The secret strategy, based on ancient Chinese statecraft, produced a large-scale transfer of cash, technology, and expertise that bolstered military and Communist Party “superhawks” in China who are now taking steps to catch up to and ultimately surpass the United States, Pillsbury concludes in a book published this week.

The Chinese strategic deception program was launched by Mao Zedong in 1955 and put forth the widespread misbelief that China is a poor, backward, inward-looking country. “And therefore the United States has to help them, and give away things to them, to make sure they stay friendly,” Pillsbury said in an interview. “This is totally wrong.” Continue reading

Putin Urges Government to Prepare Response to Western Sanctions

VORONEZH, August 5 (RIA Novosti) – Russian President Vladimir Putin said Tuesday he has told the government to retaliate against Western sanctions.

“I have already prepared such instructions today,” the president said during a working trip to the Central Russian Voronezh Region. Continue reading

Soviet Union to be recreated by 2025

“America’s nightmare of the opposition with a huge empire, the Soviet Union, will repeat again. By 2025, the Union will be re-established in some form,” Pavel Sviridov said. He talked about it, as well as about the future of Ukraine and its political leaders with Pravda.Ru.

“I am a futurist, I study possible variants of the future. I assume that by 2025, the Soviet Union will be recreated in some form. There is an axis of Russia-Kazakhstan-Belarus-Ukraine and possibly Armenia or Kyrgyzstan. They will come to a new unified agreement, and, most likely, it will be based on the Customs Union. For the time being, they build an economic platform. This will be the union, where no one will try to find out, who has got a larger piece of the pie. All will understand that the union is good for all, both socially and politically.

“I’d like to recall the words from a native of Kharkov, Zbigniew Brzezinski, who said that without Ukraine, Russia would always be a regional state, and with Ukraine it would always be a great power. Continue reading