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Beiträge, die mit TradeWar getaggt sind
“China expands export controls on critical minerals amid escalating trade war with the US”
by Al Mayadeen
“Starting December 1, 2024, #China began banning the export of key materials like #gallium and #germanium to the #US, targeting dual-use items vital for technologies such as #semiconductors [..]. These new rules hold violators accountable u/ Chinese law & are part of China's broader strategy to counter US #sanctions & #trade #restrictions.”
https://english.almayadeen.net/videos/china-expands-export-controls-on-critical-minerals-amid-esca
#Press #TradeWar
by Al Mayadeen
“Starting December 1, 2024, #China began banning the export of key materials like #gallium and #germanium to the #US, targeting dual-use items vital for technologies such as #semiconductors [..]. These new rules hold violators accountable u/ Chinese law & are part of China's broader strategy to counter US #sanctions & #trade #restrictions.”
https://english.almayadeen.net/videos/china-expands-export-controls-on-critical-minerals-amid-esca
#Press #TradeWar
China expands export controls on critical minerals amid escalating trade war with the US
Starting December 1, 2024, China began banning the export of key materials like gallium and germanium to the United States, targeting dual-use items vital for technologies such as semiconductors and solar panels.Al Mayadeen English (China expands export controls on critical minerals amid escalating trade war with the US)
"U.S. authorities are investigating whether a Chinese company whose popular home-internet routers have been linked to cyberattacks poses a national-security risk and are considering banning the devices.
The router-manufacturer TP-Link, established in China, has roughly 65% of the U.S. market for routers for homes and small businesses. It is also the top choice on Amazon.com, and powers internet communications for the Defense Department and other federal government agencies.
Investigators at the Commerce, Defense and Justice departments have opened their own probes into the company, and authorities could ban the sale of TP-Link routers in the U.S. next year, according to people familiar with the matter. An office of the Commerce Department has subpoenaed TP-Link, some of the people said.
Action against the company would likely fall to the incoming Trump administration, which has signaled an aggressive approach to China."
https://www.wsj.com/politics/national-security/us-ban-china-router-tp-link-systems-7d7507e6?st=oP8Bk2&reflink=desktopwebshare_permalink
#USA #CyberSecurity #China #TPLink #StateHacking #TradeWar
The router-manufacturer TP-Link, established in China, has roughly 65% of the U.S. market for routers for homes and small businesses. It is also the top choice on Amazon.com, and powers internet communications for the Defense Department and other federal government agencies.
Investigators at the Commerce, Defense and Justice departments have opened their own probes into the company, and authorities could ban the sale of TP-Link routers in the U.S. next year, according to people familiar with the matter. An office of the Commerce Department has subpoenaed TP-Link, some of the people said.
Action against the company would likely fall to the incoming Trump administration, which has signaled an aggressive approach to China."
https://www.wsj.com/politics/national-security/us-ban-china-router-tp-link-systems-7d7507e6?st=oP8Bk2&reflink=desktopwebshare_permalink
#USA #CyberSecurity #China #TPLink #StateHacking #TradeWar
#Trump #Tradewar
Ontario, Canada is threatening to meet Trump's tariffs by cutting electrical power exports to utilites across the border.
Let's hope this spreads to a cutoff of exports of tar sands "oil" from the provinces where it originates. This will either force Trump to kneel before a Canadian throne or (better) greatly reduce the use of one of the most destructive forms of fossil fuel in the world.
UPDATE: at the moment Alberta doesn't have the spine for this, but in an escalating trade war that could easily change
Just imagine the consequences for Trump if owners of 10MPG flag trucks have to pay $8 a gallon or more for gasoline. For a 25 gallon tank that only goes 250 miles, that's a $200 fillup possibly several times a week.
https://www.cbc.ca/news/canada/toronto/doug-ford-ontario-premiers-meet-justin-trudeau-1.7407948
Ontario, Canada is threatening to meet Trump's tariffs by cutting electrical power exports to utilites across the border.
Let's hope this spreads to a cutoff of exports of tar sands "oil" from the provinces where it originates. This will either force Trump to kneel before a Canadian throne or (better) greatly reduce the use of one of the most destructive forms of fossil fuel in the world.
UPDATE: at the moment Alberta doesn't have the spine for this, but in an escalating trade war that could easily change
Just imagine the consequences for Trump if owners of 10MPG flag trucks have to pay $8 a gallon or more for gasoline. For a 25 gallon tank that only goes 250 miles, that's a $200 fillup possibly several times a week.
https://www.cbc.ca/news/canada/toronto/doug-ford-ontario-premiers-meet-justin-trudeau-1.7407948
SPOT ON!!! You really to have to understand political economy, monetary economics, and economic history to tackle the current historical macro-scenario -
👉 "The next question is whether the protectionist policies espoused by Mr. Trump can save the people who are asking for his help. Unfortunately, the trade wars of the 1930s suggest the answer is probably “No.”
In the 1930s, the global economy was thrown into turmoil by the sharp increases in US import duties implemented in 1930 under the Smoot-Hawley Tariff Act and the retaliatory tariffs by other nations that followed. The value of global trade plunged 66% from the peak, and economies around the world suffered heavily.
The resulting economic turmoil eventually led to World War II. The US, which got through the greatest tragedy in human history by mobilizing its military capabilities, decided the world must never repeat this mistake. To that end, it introduced the system of free trade symbolized by the 1947 GATT (General Agreement on Tariffs and Trade).
This US-led free trade system produced unprecedented prosperity for humanity, but cracks began to appear when the nature of the currency market changed after the developed nations began liberalizing capital flows in 1980.
Today, just as in the 1930s, free trade is facing a potential crisis in the form of a sharp increase in US tariffs. If the authorities seriously wish to avoid this outcome, I think the nations of the world must come together and carry out an exchange rate adjustment similar to the Plaza Accord." 👈
https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan
#USA #Trump #Protectionism #FreeTrade #USTariffs #TradeWar #PoliticalEconomy #MonetaryPolicy #EconomicHistory
https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan
👉 "The next question is whether the protectionist policies espoused by Mr. Trump can save the people who are asking for his help. Unfortunately, the trade wars of the 1930s suggest the answer is probably “No.”
In the 1930s, the global economy was thrown into turmoil by the sharp increases in US import duties implemented in 1930 under the Smoot-Hawley Tariff Act and the retaliatory tariffs by other nations that followed. The value of global trade plunged 66% from the peak, and economies around the world suffered heavily.
The resulting economic turmoil eventually led to World War II. The US, which got through the greatest tragedy in human history by mobilizing its military capabilities, decided the world must never repeat this mistake. To that end, it introduced the system of free trade symbolized by the 1947 GATT (General Agreement on Tariffs and Trade).
This US-led free trade system produced unprecedented prosperity for humanity, but cracks began to appear when the nature of the currency market changed after the developed nations began liberalizing capital flows in 1980.
Today, just as in the 1930s, free trade is facing a potential crisis in the form of a sharp increase in US tariffs. If the authorities seriously wish to avoid this outcome, I think the nations of the world must come together and carry out an exchange rate adjustment similar to the Plaza Accord." 👈
https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan
#USA #Trump #Protectionism #FreeTrade #USTariffs #TradeWar #PoliticalEconomy #MonetaryPolicy #EconomicHistory
https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan
Trump, Tariffs, and Exchange Rates: The Message of Elections in the US and Japan
What Japan, the US, and Europe have in common is growing popular anger over the economy despite high stock prices and low unemployment.Institute for New Economic Thinking