U.S. Trade Hawks Exaggerate China’s Threat

China therefore erects tariffs to protect industries it hopes will help it make that leap. So did the United States when it was industrializing. “Give us a protective tariff,” declared Abraham Lincoln in 1844, “and we will have the greatest nation on Earth.” So do many developing nations today. China has a lower trade-weighted average tariff than Argentina, Brazil, India, South Korea, Indonesia, South Africa, Turkey, Russia, Saudi Arabia, and Mexico. Beijing also requires many American companies to create joint ventures with Chinese firms in order to sell to Chinese…

Standard Chartered says Belt and Road initiative will boost China and Africa trade

FILE PHOTO: FILE PHOTO: A logo of Standard Chartered is displayed at its main branch in Hong Kong JOHANNESBURG – Standard Chartered Bank on Friday said that the “Belt and Road Initiative” will not only boost trade and investment opportunities between China and South Africa but will also provide economic development opportunities between China and various African countries. Kweku Bedu-Addo, chief executive of Standard Chartered Bank South Africa, said the Belt and Road Initiative was presently the most ambitious and far-reaching project of its kind in the world.  “The initiative will benefit all…

China’s Belt and Road Initiative will boost trade, development – Standard Chartered Bank – The Citizen

Standard Chartered Bank on Friday said that the “Belt and Road Initiative” will not only boost trade and investment opportunities between China and South Africa but will also provide economic development opportunities between China and various African countries. Kweku Bedu-Addo, chief executive of Standard Chartered Bank South Africa, said the Belt and Road Initiative was presently the most ambitious and far-reaching project of its kind in the world. “The initiative will benefit all countries along the routes, contributing to global economic and social development,” Bedu-Addo said. “We are present in…

Trump: US-China trade deal could be reached in weeks – UNTV News

(L-R) President Rodrigo Duterte, Pag-asa Island and Chinese President Xi Jinping MANILA, Philippines – President Rodrigo Duterte has told China to back off from the Pag-asa Island amid reports that hundreds of Chinese vessels have “swarmed” the island, also known as Thitu, in the West Philippine Sea. Speaking at PDP-Laban’s campaign rally in Puerto Princesa City, Palawan on Thursday night, Duterte said he will not allow China to occupy Pag-asa Island, which has long been held by Manila. “I assure you, unless China wants a war with us, eh ‘di…

Opinion | Even After a Trade Deal, Be Wary of China

First, to the extent possible, we should try to curb Chinese high-technology firms’ access to Western markets. These businesses are a security threat, and the Trump administration is right to be concerned. If a company like Huawei is asked to cooperate with Chinese State Security spies, its executives simply can’t say no. This doesn’t mean that China is evil. American companies sold telecommunications equipment to China beginning in the 1980s that let us intercept officials’ conversations there, and we have inserted cyber “back doors” into goods and software sold to…

US and China draw closer to final trade agreement

Top US and Chinese officials have resolved most of the issues standing in the way of a deal to end their long-running trade dispute but are still haggling over how to implement and enforce the agreement, people briefed on the talks have said.  Liu He, China’s vice-premier, was preparing to meet Robert Lighthizer, the US trade representative, and Steven Mnuchin, the US Treasury secretary, for a potentially climactic negotiation session starting Wednesday in Washington. The talks are the latest in a series of meetings over the past four months. Although…

U.S. Says China’s Moves at Sea and World Trade All Support Its ‘State National Security’

The top U.S. diplomat has claimed that China’s growing presence in the South China Sea and its global project to promote Chinese investment abroad were all linked to Beijing’s plan to promote its own defense. Speaking at the National Review Institute’s 2019 Ideas Summit in Washington, Secretary of State Mike Pompeo acknowledged Thursday that “there is an important relationship between the United States and China,” but warned that “trade’s not been remotely reciprocal” due to Chinese state intervention in various business dealings. He argued this meant there was a “security…

How Can Prospect of Taiwanese F-16 Procurement Affect US Trade Talks With China?

Although there has so far been no official information about the intention of the US to fulfil a request from the Taiwanese Defence Ministry for the sale of 60 upgraded F-16V fighter jets, Beijing has already protested against the possible military supplies. Sputnik has asked a military analyst and a researcher to comment on the situation. Following a request from Taiwan for the US to sell an improved version of the F-16 jet, media reported that Donald Trump’s advisors have been pushing for the request to be approved. Although Washington has declined to comment on the report, it…