US Politics in Trump era
President Trump said on Tuesday that Chinese manufacturing would “crumble” if the country did not agree to the United States’ trade terms, as newly released data showed his trade war was washing back to American shores and hurting the factories that the president has aimed to protect.
President Trump escalated his unprecedented attacks against America’s central bank Friday, calling Federal Reserve Chair Jerome H. Powell an “enemy” of the United States that is as bad as China, a tweet that triggered a stock market slide and came minutes after Powell vowed to keep the economy growing.
The trade war between the U.S. and China worsened Friday as Beijing imposed retaliatory tariffs on $75 billion in American goods and President Trump took the extraordinary step of calling on U.S. companies stop doing business with China. The new tariffs, which included reinstated levies on auto products, delivered a strategically timed blow as recession warning signs cast doubt on the strength of the U.S. economy.
In ominous signs of the damage being done by the trade war between China and the United States, data released on Wednesday indicated that the German economy was hurtling toward recession and that growth at Chinese factories was slowing at a pace not seen in nearly two decades.
The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its currency to weaken, Chinese enterprises stopped making new purchases of American farm goods and President Trump’s Treasury Department formally labeled China a currency manipulator.
Trump says he will impose new tariffs on $300 billion of imports from China starting next month, ending brief cease-fire in trade war
President Trump unexpectedly announced on Thursday that he will impose new tariffs on $300 billion worth of imports from China, effectively taxing every product that Americans buy from China. The president acted one day after Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert E. Lighthizer wrapped up two days of talks in Shanghai aimed at a comprehensive trade deal.
China has demanded that the United States "immediately cancel" a potential $2.2bn arms sale to Taiwan, including battle tanks and anti-aircraft missiles. The move would be Washington's first big-ticket military sale to the democratically-governed island in decades, and comes amid deteriorating ties between the US and China, the world's two largest economies that have been locked in an acrimonious trade war.
President Trump on Thursday unveiled a $16 billion bailout for farmers hurt by his trade war with Beijing, signaling a protracted fight ahead that is already prompting some American companies to shift business away from China.
The United States and China escalated their trade fight on Monday as Beijing moved to raise tariffs on nearly $60 billion worth of American goods in retaliation for President Trump’s decision to punish China with higher tariffs on a slew of imports.China’s finance ministry announced that it was raising tariffs on a wide range of American goods to 20 percent or 25 percent from 10 percent in response to Mr. Trump’s decision to raise tariffs to 25 percent on $200 billion worth of Chinese goods
President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on Friday morning and begin the process to tax nearly all of China’s imports as he accused Beijing of trying to “renegotiate” a trade deal.
Two guests of Cindy Yang didn’t pay for their own photos, priced at $50,000 each, with President Trump at a December 2017 RNC event. Selling tickets to campaign fundraisers without disclosing the buyer to the Federal Election Commission is illegal.
It is illegal for foreign nationals to contribute money in connection with U.S. elections. However, APIC and Right to Rise USA attempted to use an odd loophole created by the Supreme Court’s 2010 Citizens United decision to funnel overseas cash into American politics.
European and Japanese financial institutions are breaking new ground in the Chinese market as U.S. competitors take a back seat due to tensions over trade and intellectual property practices.Although China relaxed rules on majority foreign stakes in its financial sector last year, with full ownership taking effect after 2021, authorities there have yet to grant such approval for U.S. banks' joint ventures.
Despite a trade war between the United States and China and past admonishments from President Trump “to start building their damn computers and things in this country,” Apple is unlikely to bring its manufacturing closer to home.A tiny screw illustrates why.
China’s flagship tech company Huawei is the first Chinese company to establish global dominance in a game-changing technology, namely 5G mobile broadband. Washington’s efforts to thwart Huawei’s rise simply are an after-the-fact charade by the US national security establishment to deflect blame for a catastrophic policy failure. With a wink and a nudge, the rest of the world will humor the United States, and continue to do business with the Chinese giant.
Fears are rising about the state of the world’s biggest economies, with China posting its worst annual growth in decades and the United States injecting more uncertainty with tariffs and a lengthy government shutdown. China reported Monday that its economy expanded at 6.6 percent last year — a figure that would be good for many countries but represents the slowest growth for China in 28 years.
China has granted Ivanka Trump’s company preliminary approval for another five trademarks this month, as her father’s administration pushes ahead on trade negotiations with China, Time Magazine reported Monday.
At a meeting in Canada in July 2018, espionage chiefs from Australia, Canada, New Zealand, the U.K. and the U.S.—all signatories to a treaty on signals intelligence, and often referred to as the “Five Eyes”—agreed to do their best to contain the global growth of Chinese telecom Huawei, the Wall Street Journal reported on Friday, citing a prior report from the Australian Financial Review.
At the heart of the Huawei case is the rise of China's "military-civilian integration," and the U.S. government's instinctive reservations over it. Military-civilian integration is a strategy designed to increase China's national power by mobilizing and incorporating all advanced technologies held by the PLA, the national government as well as state-run and private companies.
Meng Wanzhou, the daughter of the company's founder, could face extradition to the US. She was arrested in Vancouver on 1 December, but the news was not made public at her request. The charges remain unknown but the US has been probing Huawei over possible violation of sanctions against Iran. China says her detention is possibly a rights abuse.
The arrest of a top Chinese technology executive intensified concerns about an emerging cold war between the world’s two largest economies, sending stock markets around the world lower on Thursday. The trade war has set investors on edge. The markets have been rattled about the prospect that the conflict with China would begin to impact the economy at home at a time when global growth is slowing.
China seems to have a markedly different view of the trade war cease-fire reached with the Trump administration over the weekend, with state media making no mention Monday of a 90-day time frame or a reduction in tariffs on imported American cars — or indeed any specifics about buying more American products. That raises the prospect that the two sides have come away from their meeting in Buenos Aires, on the sidelines of the Group of 20 summit, with very different ideas about what comes next.
US Secretary of State Mike Pompeo had warned SWIFT that there would be “penalties applied” to firms that do not comply with the latest round of sanctions. Stuck between a rock and a hard place, SWIFT could now face EU penalties for siding with the US and violating its own Joint Comprehensive Plan of Action (JCPOA) laws prohibiting companies siding with sanctions.
The laws of Trumponomics, after all, are more about resentment and victimhood than stirring animal spirits. And no woe-is-America narrative is more pervasive in the Trump era than China “raping” the US workforce and “stealing” growth from Washington. An undervalued yuan is a pillar of this theory. It’s “killing us,” as Trump likes to say. Expect Trump’s ire to increase as the yuan weakens past 7 to the dollar – from today’s 6.96 – thanks to PBOC largess. That might provoke him to ratchet up the trade war.
China last month granted initial approval for 16 new trademarks for the fashion brand of U.S. President Donald Trump’s daughter and adviser Ivanka, including voting machines, a search of official records on Tuesday showed. Ivanka announced in July she was shutting her fashion line to focus on her role as an informal White House adviser, where she is working on advancing working women.
China angrily denounced on Friday renewed US allegations that it was interfering in upcoming American midterm elections. In a wide-ranging speech delivered on Thursday night, US Vice President Mike Pence said Beijing was meddling in the vote to counter tough trade policies against China. The comments echoed those by President Donald Trump recently.
Senator Lindsey Graham of South Carolina has been one of the biggest proponents of President Trump’s crackdown on China, welcoming tariffs on Chinese imports while conceding that they will raise costs for American businesses and consumers. “There is no way for us to address China without absorbing some pain here,” Mr. Graham said in August.
Released on Monday by the official Xinhua news agency, Facts About the China-US Trade Dispute and China’s Stance, is the first comprehensive document from President Xi Jinping’s administration on the new economic Cold War. “Intimidation” and “bullying” are used frequently while Washington has been accused of “contradicting itself and constantly challenging China.” This, in turn, has caused “serious damage” to trade relations between the world’s two largest economies.
Jack Ma, founder and chairman of Chinese retail giant Alibaba, says the company no longer plans to create 1 million jobs in the United States in the wake of the ongoing trade conflict between the U.S. and China.
While both Trump and Graham are likely right that Beijing had a hand in North Korea’s recalcitrant statement on Pompeo, the turn is likely part of a wider strategy to supplant America’s geopolitical dominance in Asia rather than a reaction to the tiff on tariffs.
he Trump administration said on Friday that it would move ahead with tariffs on $50 billion of Chinese products, drawing a vow of retaliation from Beijing and escalating a trade war between the world’s two largest economies.
In the Chinese border town of Hunchun, garment factories gladly employ squads of North Koreans, who are valued as skilled and dutiful workers. Live crab from the North wriggle in huge tanks in the fish market. Informal bankers promise to deliver the equivalent of thousands of dollars in Chinese currency to North Koreans across the border in a matter of hours.
China this month awarded Ivanka Trump seven new trademarks across a broad collection of businesses, including books, housewares and cushions. At around the same time, President Trump vowed to find a way to prevent a major Chinese telecommunications company from going bust, even though the company has a history of violating American limits on doing business with countries like Iran and North Korea.
China has called President Trump’s bluff. Chinese negotiators left Washington this weekend with a significant win: a willingness by the Trump administration to hold off for now on imposing tariffs on up to $150 billion in Chinese imports. China gave up little in return, spurning the administration’s nudges for a concrete commitment to buy more goods from the United States, and avoiding limits on its efforts to build new high-tech Chinese industries.
Treasury Secretary Steven Mnuchin said the Trump administration is putting its trade war with China “on hold” after two days of talks in Washington that he said had produced agreement on increased Chinese purchases of American products and measures to make it easier for U.S. companies to operate in China.
China has purchased record amounts of soybeans from Russia in recent months amid trade tensions with the U.S., Bloomberg reported. The world's biggest soybean importer, China has nearly tripled its imports from Russia, according to Bloomberg. Russian trade data show the country sold 850,000 metric tons of soybeans to China between July 2017 and mid-May this year. The record sales represent more than twice the 340,000 tons sold during the previous growing period.
Mr. Trump’s tweet on Sunday left many scratching their heads. The president has taken a tough stance on what his administration deems unfair trade practices by the Chinese government. And he has trumpeted his efforts to safeguard American jobs even if it means creating economic strain in other countries. The prospective shutdown of ZTE has been seen as major leverage in continuing trade discussions between China and the United States over Chinese trade practices.
One of China’s most internationally successful technology suppliers, with about $17 billion in annual revenue, ZTE is facing a death sentence. The Commerce Department has blocked its access to American-made components until 2025, saying the company failed to punish employees who violated trade controls against Iran and North Korea.
China announced temporary anti-dumping measures Tuesday on U.S. sorghum, potentially hitting U.S. growers and exacerbating the brewing trade war between Beijing and Washington. Hitting U.S. sorghum exports could hurt American growers — potentially having an impact on farming states that have backed President Trump.
President Trump ordered top administration officials Thursday to look at rejoining the Trans-Pacific Partnership, the sprawling trade pact he rejected three days after taking office. The move would mark a stunning reversal for Trump, who sharply criticized the pact as a “disaster” and made opposition to global trade deals a centerpiece of his economic agenda as a candidate.
CP Industries just got an expensive lesson in the unintended consequences of protectionism. Based in McKeesport, Pa., the company makes seamless vessels to store gases at high pressure — steel cylinders of up to six tons that it sells to the likes of the Navy, NASA and T. Boone Pickens’s Clean Energy. It has received the first bill from the 25 percent tariff that President Trump placed on steel from China and a few other countries: $178,703.09 assessed on a steel-pipe shipment scheduled to arrive at the Port of Philadelphia on Thursday.
The steel and aluminum industries in China will soon be slapped with tariffs up to $50 billion by President Donald Trump. On Thursday, after China announced their intentions to retaliate against the United States with $50 billion in tariffs of their own against U.S. goods, Trump warned that his administration would respond with another set of tariffs, this time targeting $100 billion worth of Chinese goods. Exempt from the proposed tariffs against China, however, is the clothing manufacturing industry.
President Trump ordered his chief trade negotiator to consider imposing tariffs on an additional $100 billion of Chinese products Thursday, in a dramatic escalation of his trade war with China. In the latest barb, China’s commerce ministry said that “China has very detailed countermeasures” and will “fight at any cost” to defend its economic interests, drawing the world’s two largest economies into a deeper confrontation.
Bret Davis voted for Donald Trump in 2016, as did many of his fellow farmers in central Ohio. But as a brewing Chinese trade war begins to threaten U.S. exports, Gordon fears his fifth-generation farm will suffer. The farm, where Davis and his stepson grow 1,300 acres of soybeans, corn and wheat for Ritz crackers, may not withstand the long-term drop in crop prices a trade war could bring, Davis said.
China hit back at the United States on Wednesday with proposed tariffs on $50 billion worth of American soybeans, cars, chemicals and other goods, in a move likely to stoke fears that the countries’ escalating confrontation could become an all-out trade war.
Chinese President Xi Jinping has placed himself back at the center of the game, as North Korean leader Kim Jong-un’s visit to Beijing adds yet another piece to the fast-shifting diplomatic chess board that is the Korean peninsula.
President Trump said he would impose tariffs on about $60 billion worth of Chinese imports on Thursday as the White House moved to punish China for what it says is a pattern of co-opting American technology and trade secrets and robbing companies of jobs and billions of dollars in revenue.
As Schweizer tells it, the Chao family fortune derives from the Foremost Group, a shipping company that Chinese native James Chao, a classmate of former Chinese president Jiang Zemin at Jiao Tong University, founded in New York in 1964.
Commercial satellite imagery, the respected Johns Hopkins University advisory reports, show increased numbers of massive landslides near the slopes of Mt. Mantap, near Pyongyang’s nuclear test area. Kim’s regime is essentially engineering giant earthquakes. It was a March 2011 quake, remember, that precipitated the Fukushima atomic plant meltdown, the worst nuclear crisis since Chernobyl.
The United Nations Security Council’s 15-0 vote to impose a new set of sanctions on North Korea somewhat disguises the critical role played by the Russia-China strategic partnership, the “RC” at the core of the BRICS group.
If Donald Trump thought slapping China would divert attention from events in Virginia, he miscalculated. That’s because, just like his slow disavowal of racist protestors, Trump’s move to investigate Beijing’s trade practices is too little, too late. Directing Trade Representative Robert Lighthizer to probe America’s deficit with China makes for great optics for the reality-TV president.
China’s president, Xi Jinping, has told Donald Trump in a phone call that all sides should avoid rhetoric or action that would worsen tensions on the Korean peninsula, according to Chinese state media. Reports quoted Xi as saying: “At present, the relevant parties must maintain restraint and avoid words and deeds that would exacerbate the tension on the Korean peninsula.”
In a diplomatic gamble, President Trump is seeking to enlist China as a peacemaker in the bristling nuclear-edged dispute with North Korea at the very moment he plans to ratchet up conflict with Beijing over trade issues that have animated his political rise.
The $180 million conflict that kept Scaramucci out of the White House in January has only gotten shadier
Let's not be naive. If I told you that a firm with ties to a sometimes adversarial foreign power was trying to overpay a Trump administration official for their now struggling business, you might say, "Gee, that seems like a conflict the White House doesn't need right now." But here we are.
President Trump, frustrated by China’s unwillingness to lean on North Korea, has told the Chinese leader that the United States is prepared to act on its own in pressuring the nuclear-armed government in Pyongyang, according to senior administration officials. Mr. Trump’s warning, delivered in a cordial but blunt phone call on Sunday night to President Xi Jinping, came after a flurry of actions by the United States — selling weapons to Taiwan, threatening trade sanctions and branding China for human trafficking — that rankled the Chinese and left little doubt that the honeymoon between the two leaders was over.
Beijing responded furiously after Washington announced an arms sale to Taiwan and sanctions on a Chinese company and bank over illicit dealings with North Korea. This happened after China lifted a ban on American beef imports at the beginning of the Trump Presidency. The Trump administration seems to forget that a win-win relationship with china requires reciprocation, not retaliation.
At an event in Beijing on Saturday, Nicole Kushner, the sister of White House senior advisor Jared Kushner, made a hard sell to wealthy Chinese investors to pour funds into the family’s new real estate development in New Jersey, according to The Washington Post. “Invest $500,000 and immigrate to the United States,” a brochure for the event reportedly declared.
Donald Trump critique from Russia and Chinese news sources, with actual translation from chinese news sources with translation, critiquing Trump's flip flop on his promise of dealing with Chinese leaders, and reaction of chinese people.
Behind the Trump administration’s sudden urgency on North Korea lies a stark calculus: that the country is capable of making a nuclear bomb every six or seven weeks. “People have put blindfolds on for decades, and now it’s time to solve the problem,” Mr. Trump said. He made his remarks after a Sunday night phone call on North Korea with Xi Jinping, China’s president, who urged Mr. Trump to show “restraint” with North Korea, according to a Chinese television report.
With many Koreans still aggravated by U.S. President Donald Trump's controversial comment that "Korea used to be a part of China," his closest business partner, Vice President Mike Pence, has jangled their nerves again. During a Tuesday meeting with Japanese Prime Minister Shinzo Abe, Pence called the body of water between the Korean Peninsula and Japan the "Sea of Japan." The name has been a long-standing point of conflict between Seoul and Tokyo, which the former has promoted as the "East Sea."
Vice President Mike Pence warned North Korea on Monday not to test American resolve, but he also raised the possibility that the Trump administration could pursue talks. The message, delivered by Mr. Pence on a visit to South Korea that included a stop at the demilitarized zone that divides the Korean Peninsula, showed that the administration, while talking tough, was not ruling out negotiations.
Sources in Washington recognize the desirability of continuing President Obama's "pivot" eastwards. But engagements in the Middle East threaten to complicate matters. There is only one nation that wins the more we bomb Syria – and it is clearly not the Syrian opposition or the innocent people who are dying there. And that is China,” explained a senior State Department official.”
China warned on Friday that tensions on the Korean Peninsula could spin out of control, as North Korea said it could test a nuclear weapon at any time and an American naval group neared the peninsula in a show of resolve.
President Trump made three startling economic policy reversals on Wednesday, stepping away from pledges he made as a candidate and even policies he supported only days ago. The shifts confounded many of Mr. Trump’s supporters and suggested that the moderate financiers he brought from Wall Street are eclipsing the White House populist wing led by Stephen K. Bannon, the political strategist who is increasingly being sidelined by the president.
President Trump has finally found an economic issue that's not too complicated for him to do something about. That's stopping China from manipulating its currency that it hasn't been manipulating for the past two years.
Anbang was discussing buying stake in Fifth Avenue building in New York but critics had suggested China was seeking to curry favor with White House. The talks had drawn criticism from lawmakers and government ethics experts. They saw it as a potential attempt by China to curry favor with the White House. Kushner Companies bought the property in 2007 for a reported $1.8bn when Jared Kushner was running the business. It soon became apparent that Kushner had overpaid.
China approves Donald Trump-branded spas, escort services, hotels and massage parlours without US Congress permission
Chinese authorities have granted preliminary approval for dozens of Trump-branded businesses, expanding his commercial empire and raising further conflicts of interest, say lawyers. The 38 trademarks include new hotels, spas, escort and concierge services, massage parlors, personal security services and insurance, according to public documents
Last week, Donald Trump's company sealed its first big post-inaugural real estate transaction, selling a $15.8 million penthouse to a Chinese-American business executive who runs a company that touts its ability to exploit connections with powerful people to broker business deals in China.
The United States deployed aircraft carrier USS Carl Vinson to patrol the increasingly contentious South China Sea, despite Beijing’s warnings not to challenge its sovereignty in the resource-rich sea. The Navy described Saturday's launch as the beginning of “routine operations” in the South China Sea. China claims most of the sea as its own, despite overlapping territorial and jurisdictional claims from the Philippines, Vietnam, Malaysia, Taiwan and Brunei.
Donald Trump could prompt a sea change in the relationship between China and the United States. Many of the experts have warned that the Sino-US relationship may revert to the deep, mutual distrust that characterized relations between the countries during the 1960s. Ted Carpenter, senior fellow of defense and foreign policy at the Cato Institute in Washington, said he is "increasingly worried" about Trump's policies regarding China.
It is apparent that Donald Trump believes that international diplomacy is akin to a real estate negotiation. Experts would tell you that international diplomacy requires a cool head and long term planning. Will Mr. Trump continue his twitter outburst once in office?
Addressing a Goldman Sachs event in 2013, in one of the speeches that WikiLeaks published on Saturday, Mrs. Clinton gave a tough-minded, realpolitik answer to the question of how to handle a problem like Syria. If the best chance of success was to act secretly inside that country, she made clear, she had no problem doing that.
Trump has been stiffing American steel workers on his own construction projects for years, choosing to deprive untold millions of dollars from four key electoral swing states and instead directing it to China—the country whose trade practices have helped decimate the once-powerful industrial center of the United States