The US is alone in its ‘trade war’ on China

1 July 2020 — New Eastern Outlook

Salman Rafi Sheikh

With everyday passing, it is becoming clear that the US-China trade deal will eventually unravel, paving the way for a long-term standoff, even if not a full-fledged ‘cold war’, between the two super powers. As recent remarks made by the US National Security Advisor (NSA), Robert O’Brien, showed, the US is planning ‘more steps’ to ‘correct’ its relations with China. The series of steps, to quote him, “are just the start as America corrects 40 years of a one-sided, unfair relationship with China that has severely affected our nation’s economic and, recently, political well-being. Just like the tariffs that were imposed by the President on unfair trade practices early in his Administration, there is more to come.”

COVID-19 and Catastrophe Capitalism

1 June 2020 — Monthly Review Press

Commodity Chains and Ecological-Epidemiological-Economic Crises

by and

Global logistics concept illustrationImage credit: William B. Cassidy, “Shippers seek stability ahead of patchwork COVID-19 recovery,” Joc.com, May 18, 2020.

John Bellamy Foster is editor of Monthly Review and a professor of sociology at the University of Oregon. He is the author, most recently, of The Robbery of Nature: Capitalism and the Ecological Rift (with Brett Clark) and The Return of Nature: Socialism and Ecology—both published by Monthly Review Press in 2020. Intan Suwandi is an assistant professor of sociology at Illinois State University and author of Value Chains: The New Economic Imperialism (Monthly Review Press, 2019). They thank Fred Magdoff for his invaluable comments.

COVID-19 has accentuated as never before the interlinked ecological, epidemiological, and economic vulnerabilities imposed by capitalism. As the world enters the third decade of the twenty-first century, we are seeing the emergence of catastrophe capitalism as the structural crisis of the system takes on planetary dimensions.

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Dark Clouds of Military Tension Over the Korean Peninsula, North Korea Waited, Disappointed and Now Angry

19 June 2020 — Global Research

In 2012, a young man educated in the West took over the power in Pyongyang; he has decided to transform North Korea into an ordinary country where people can live decent life.

His name is Kim Jong-un. He has given everything to achieve his objectives. He met three times Moon Jae-in, president of South Korea and three times Donald Trump, president of the U.S.

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The Corona Pandemic and Trump’s Trade War against China: America’s Dependence on “Made in China”

15 June 2020 — Global Research

Potential Disruption of the US Economy

By Prof Michel Chossudovsky

Introduction

The US has been threatening China with trade sanctions for several years. At the outset of the Trump administration in January 2017, Washington not only envisaged punitive trade measures, it also called for “an investigation into China’s trade practices” focussing on alleged  violations of U.S. intellectual property rights.

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China Forges Ahead Through Chaos and US Threats

10 May 2020 — Asia Times

Beijing is turbocharging its Belt and Road and other game-changing plans despite Covid-19 and US hybrid warfare

Amid the deepest economic contraction in nearly a century, President Xi Jinping had already made it very clear, last month, that China should be ready for unprecedented, relentless foreign challenges.

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Global Currency War, Central Banks ‘Race to the Bottom’, Europe Capitalist ‘Weak Link’–audio

9 August 2019 — Jack Rasmus

In the wake of last week’s Trump-China Trade War tariff hike, the fallout continues: No trade deal 2019 for certain. More market instability coming. Central banks worldwide rushing to lower interest rates and currencies falling–aka the currency war has arrived. Europe’s 3 imminent crises brewing. And watch out for India Economy as Modi engages in classic political diversion in Kashmir to distract from coming economic instability. To listen to analyses of these and related topics on the global economy, listen to my August 9 Alternative Visions radio show:

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The US-China Trade War: Selected Stories

8 August 2019 — Global Research

“On a Scale of 1-10, It’s an 11” – Wall Street Reacts to China’s Retaliation

By Zero Hedge

One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. Read more…

Trade War: China Suspends Purchases of US Agricultural Products

By Telesur

China’s Commerce Ministry announced Tuesday that the Asian country will suspend the purchase of U.S. agricultural goods in response to the recent announcement that the President Donald Trump administration will increase tariffs to Chinese exports. Read more…
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Why Trump caved to China and Huawei by Vijay Prashad

10 July 2019 — MROnline

This article was produced by Globetrotter, a project of the Independent Media Institute.

Everything about the trade war between the United States and China is bewildering. The world’s two largest economies entered a titanic struggle with harsh words and high tariffs, sending shudders through the global economy. Hundreds of billions of dollars of goods on either side stood before tariff walls that seemed unbreachable. Truces would come out of nowhere—as at the 2018 G20 meeting in Buenos Aires—but then they would be set aside by U.S. President Donald Trump in a stream of tweets at odd hours.

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US vs China: Smartphone Wars

5 July 2019 — New Eastern Outlook

TVG432

If Washington’s goal was to pressure and isolate China by targeting smartphone giant Huawei, it seems to have accomplished the exact opposite. In the process, the US has only accomplished in exposing its own growing weakness and unreliability as a trade partner amid a much wider, misguided and mismanaged “trade war.”

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Why China Is Confident It Can Withstand US Pressure

18 June 2019 — Oriental Review

On 1 June 2019, Beijing introduced higher tariffs on around $60 billion worth of US products. This was in response to a decision by the US government on 10 May 2019 to increase tariffs on $200 billion worth of Chinese goods from 10 per cent to 25 per cent. Later, US President Donald Trump ordered tariffs to be imposed on a further $300 billion worth of Chinese goods. Washington has actually been waging a trade war against Beijing for some time now and is using the technology sector to bully the country in the hope that it will undermine its economic position as the US once managed to do with Tokyo.

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China Holds Three Trump Cards In War Against US

28 May 2019 — Oriental News

Amid the escalating economic war between the US and China, discussions have intensified on how Beijing might stand up to the economic power of America, especially given that the global economy is increasingly dependent on the US dollar as the main currency for international trade, and the closing of US markets could do some serious damage to China’s export-oriented companies. China’s main foreign-policy publication, the Global Times, points to three trump cards that Beijing could use to at least level the playing field in its fight with the Trump administration and cause appreciable harm to the US economy, possibly forcing its opponent to temporarily scale back its ambitions.

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