Trade Talks Are Dead, And So U.S. Consumers Should Brace For A Long, Bitter, Painful Trade War With China

There is not going to be a trade deal between the United States and China any time soon, and that is going to mean a tremendous amount of pain for the U.S. economy.  For months, hope that the U.S. and China would soon reach a trade deal helped to elevate global financial markets, but now that hope has disappeared.  In order for a trade deal to happen, the two sides have to talk, and at this point no negotiations are scheduled.  And unless one side or the other decides that they are willing to move dramatically from their current positions, there really isn’t any reason to talk.  In fact, the Chinese government is openly saying that it is in “no rush” to negotiate with the United States… (Read More...)

If The Chinese Were Upset Before, Now They Are Going To Be Absolutely Furious After Trump’s Latest Move

President Trump is doubling down on his tough approach with China, and apparently he has decided that now is the time to cripple their most important tech company.  Huawei Technologies sells more telecommunications equipment than anyone else in the entire world, and it was anticipated that they would be one of the global leaders in the rollout of 5G networks all over the planet.  The company ranks 72nd on the Fortune Global 500 list, and at this point they sell more phones than Apple does.  Essentially, Huawei is China’s version of Apple, and the company is greatly loved by the communist government in China.  So if President Trump really wanted to piss off China, taking a sledgehammer to Huawei would be a great way to do it, and that is precisely what he just did. (Read More...)

The Relationship Between The United States And China Is Officially Going Down The Tubes

Abstract Geometric World - Public DomainWhat happens when the two largest economies on the planet start fighting a trade war with one another?  Well, we are about to find out.  As you will see below, the U.S. has gone “nuclear” on China in a trade dispute over steel, and the Chinese response is likely to be at least as strong.  Meanwhile, events in the South China Sea have brought tensions between the Chinese government and the Obama administration to a boiling point.  The Obama administration strongly insists that China does not have a legal right to those islands, and in China there is now talk that it may ultimately be necessary to confront the United States militarily in order keep control of them.  Most Americans may not realize this, but the relationship between the United States and China is officially going down the tubes, and this is likely to have very significant consequences during the years to come. (Read More...)

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