Trade War with China

[Dolcevita]

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many problems for usa on the horizon. Very interesting

Not just USA. Canada also dumping used adult diapers on the Philippines. Western environmentalist should refocus efforts in cleaning after their country's trash.

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[Tam]

No one is processing trash. To process trash, you need to have some use about the plastics that has been processed from recycled trash. That means cheap plastic goods. Goods that someone with a great sense of myopia put tariffs on.

What goes around, come around is one of the great unspoken truths of economics and the global ecosystem.

 

[Jura The idiot]

now I read
China to update negative list for foreign investment
Xinhua| 2019-04-29 22:45:12

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A shorter negative list for foreign investment will be released in the first half of the year to expand market access for foreign investors, a commerce official said Monday.

Vice Minister of Commerce Wang Shouwen, also deputy China International Trade Representative, told a press conference that the ministry was collaborating with relevant departments to further trim the negative list and optimize investment environment for foreign-funded companies.

As the Foreign Investment Law approved by the national legislature will take effect starting from Jan. 1, 2020, the ministry is mulling supporting regulations and feasible rules to foster a stable, transparent, predictable and level playing market environment, Wang said.

He said efforts will be made to ensure the protection of the rights and interests of foreign intellectual property owners, to ban forced technical transfer and to enhance trade secrets protection.

In addition, the ministry will also optimize the existing mechanism so that the complaints of foreign-invested firms could be timely and better handled.

Wang said that the ministry is considering making an industrial catalog to encourage foreign investment and advance large projects.

 

[localizer]

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Basically all of the big companies are pulling out since Iran will lose oil money.
Seems like China is pulling out of Iran in exchange for trade war concessions.
Iran might go nuclear/war zone soon. Gulp.

The companies are reacting to the Trump administration’s moves this month to squeeze Iran’s oil exports and impose a terror designation on its paramilitary force. Among Asian businesses rethinking their dealings with Iran are banks, oil companies and technology giants including Huawei Technologies Co., Lenovo Group , LG Electronics Inc. and Samsung Electronics Co.

Many deals between Iran and Chinese companies “are now dead in the water,” said an adviser to a Chinese oil company in Iran. “No one wants to take the risk of going out of business.”

Last year, the Trump administration pulled out of the 2015 agreement that lifted sanctions on Iran in exchange for tightened control on its nuclear program.

Tehran pinned its hopes on China and other Asian nations when European companies began withdrawing from its economy ahead of the U.S.’s reinstatement of sanctions last fall. During the earlier sanctions period before the nuclear agreement’s approval, China overtook Europe as Iran’s chief supplier of industrial equipment.

But this week, Iran’s main means of payment—the direct exchange of oil for goods and services—came under abrupt threat when the U.S. State Department said it would end waivers for all buyers of Iranian oil. The move means any company importing oil from Iran after the current round of waivers expires on May 2 could be blocked from the American banking system.

Until now, Washington had allowed eight jurisdictions, including China, India and South Korea, to purchase Iranian oil as long as they committed to reducing their imports.

The Trump administration’s tightening of the ban came two weeks after Washington raised the risks for companies doing business with Iran by designating the Islamic Revolutionary Guard Corps a terrorist organization. The Guard Corps plays a significant role in Iran’s economy, including its energy industry.

Bank of Kunlun Co., a key conduit for Sino-Iranian trade, told clients on Monday that it will stop all transfers with Iran beginning May 1, said Mostafa Pakzad, a Tehran-based consultant who helps companies carry payments in and out of Iran. The bank, owned by state-run China National Petroleum Corp., had already interrupted such dealings last year but had restarted trade of humanitarian goods in the hope they could be exchanged for Iran oil.

Monthly Chinese exports to Iran stood at $629 million in March, down from a monthly average of $1.6 billion from 2014 to early 2018, according to China’s General Administration of Customs.

 

[Jura The idiot]

now I read
China and United States focus on progress before fresh round of trade war talks

• But even if the two countries seal a deal, further conflict is on the horizon, observers say

Updated: 1:27am, 1 May, 2019

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China and the United States are talking up progress on a trade deal as the two countries embark on another round of negotiations in Beijing to end their months-long tariff war.

The US delegation led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in the Chinese capital on Tuesday for talks, to be followed by Chinese Vice-Premier Liu He’s trip to Washington next week.

“We’re looking forward to productive discussions over the next few days,” Mnuchin said.

“We hope to make substantial progress.”

He declined to comment on specific issues, but said “a lot of progress” had been made.

Chinese foreign ministry spokesman Geng Shuang also said considerable progress had been made in the bilateral consultations.

“In accordance with the important consensus of the two heads of state, the two sides’ teams will work together to reach a mutually beneficial and win-win agreement on the basis of mutual respect,” Geng said.

Since trade talks resumed in December, Washington and Beijing say they have made gains on various issues, including intellectual property, forced technology transfer and non-tariff barriers. But an enforcement mechanism and punitive tariffs remain sticking points.

Mnuchin told Fox Business on Monday that the enforcement mechanism was “close to done”.

“So I would say that’s one of the areas we have made a lot of progress, needs a little bit of fine-tuning, but I would say we have a fundamental understanding in that area,” he said.

This week’s talks come just days ahead of the end of US waivers on Iranian oil imports to eight countries and regions, including China.

Nevertheless, the two sides are expected to reach a deal in mid-May, possibly laying the foundation for a summit between Chinese President Xi Jinping and his US counterpart, Donald Trump.

Last week, Trump said he would meet Xi at the White House “soon”. The South China Morning Post had reported earlier that the meeting could be held as early as June.

A European diplomatic source said China hoped that trade tensions with the US would cease to be a major focus by autumn.

But a trade deal did not necessarily mean a rosy outlook for US-China relations, the diplomat said.

A report from the Office of the US Trade Representative last week said China continued to engage in “unfair and harmful conduct” that damaged US intellectual property rights.

A trade specialist advising the Chinese government said Beijing was at a disadvantage in the negotiations.

“The US’ tough stance in trade issues against China has won support from American business, while China still needs foreign capital to support its economy,” he said.

But he also warned that China and the US would have further confrontation over technology and talent, even if trade tensions eased.

 

[B.I.B.]

China still needs foreign money?????
Help in know how in some areas I understand, but money?

 

[Gatekeeper]

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So much for Trunp's "cyber theft" charge demand. If this report is reliable, it looks like a huge back down from Trump!

 

[localizer]

The more I look at the current global geopolitical situation the more I realize there's no solution to anything at this point. US is just making things more complicated with all the sanctions and propaganda while unable to actually get things done due to overreliance on each other. Russia wins.

 

[manqiangrexue]

The more I look at the current global geopolitical situation the more I realize there's no solution to anything at this point. US is just making things more complicated with all the sanctions and propaganda while unable to actually get things done due to overreliance on each other. Russia wins.

Solution is China must keep developing and become the undisputed strongest country in the world. All this mess is caused by number 1 throwing a global temper tantrum because it sees itself becoming number 2 and it wants to stop it or at least slow it down. Even if its moves aren't precise or purposeful, it still flails and thrashes powerfully in desperation causing as much disturbance as possible trying to trigger some incalculable event that could cause a chain reaction and stop the momentum of itself being relegated to second place. Once the US realizes that it has failed and China is now the dominant force AND that the world still goes on just fine, it will subside and things will be at peace. It may actually benefit American citizens in the end by lifting the burden of hatred and competition from them, raising the national happiness level.

 

[localizer]

Solution is China must keep developing and become the undisputed strongest country in the world. All this mess is caused by number 1 throwing a global temper tantrum because it sees itself becoming number 2 and it wants to stop it or at least slow it down. Even if its moves aren't precise or purposeful, it still flails and thrashes powerfully in desperation causing as much disturbance as possible trying to trigger some incalculable event that could cause a chain reaction and stop the momentum of itself being relegated to second place. Once the US realizes that it has failed and China is now the dominant force AND that the world still goes on just fine, it will subside and things will be at peace. It may actually benefit American citizens in the end by lifting the burden of hatred and competition from them, raising the national happiness level.

The biggest question is: Are they willing to give up peacefully.