Miscellaneous News

Ringsword said:

It's amazing the effect of Zunyi and her flotilla has done to increase peace/respect for the said "yellow people" who now will vaporize you if you muck with them-like punching a bully in the face.

Click to expand...

RedBaron said:

I wouldn't completely discard the possibility of Putin getting played once again.

Click to expand...

Please, Log in or Register to view URLs content!

The Kingdom of Bahrain is the guest of honor at the St. Petersburg International Economic Forum 2025​

Click to expand...

China questions Walmart over response to Trump tariff costs​

Chinese government agencies, including the Ministry of Commerce, summoned Walmart representatives this week after the U.S. retailer urged suppliers in China to offset President Donald Trump's tariffs with substantial price cuts, according to Beijing's state media.

A post on Wednesday by Yuyuan Tantian, a social media account linked to state broadcaster CCTV, said the retailer was called in the previous day. It said that Walmart's alleged demands on Chinese suppliers risk "disrupting the supply chain and harming the interests of businesses in both China and the U.S., as well as American consumers," and thus may "breach commercial contracts and undermine the stability of market transactions."

The inquiry into one of the U.S.'s largest retailers marks a fresh point of contention in the escalating trade war between the world's two biggest economies, while offering a glimpse at the challenges businesses face in coping with the situation.

"If Walmart continues down this path," the Yuyuan Tantian post warned, "it may face consequences beyond a government summons."

Walmart did not immediately respond to a request for comment.

In a separate statement on Wednesday, the China Chamber of Commerce for Import and Export of Textiles said it had received complaints from some members after Walmart asked them to cut prices. The state-backed textile trade group said it would take action to protect its members if that is confirmed.

The news came just as Trump's fresh tariffs on global steel and aluminum took effect Wednesday, drawing criticism from China and other governments. The new U.S. president has taken on China directly, too, most recently by doubling additional blanket tariffs on Chinese goods to 20% on March 4, on top of existing levies.

In response, Beijing on Monday began imposing additional tariffs of up to 15% on a host of U.S. agricultural products, including chicken, wheat and corn. Beyond the targeted retaliatory tariffs, China has blacklisted numerous American companies and widened export controls to restrict access to raw materials critical for making semiconductors. Authorities last month also launched a probed into Google on suspicion of antitrust law violations.

Zhang Yansheng, a researcher with the China Academy of Macroeconomic Research -- a research institution affiliated with China's National Development and Reform Commission (NDRC) -- said the summoning of Walmart was due to Beijing's concerns over the survival of its numerous small enterprises and the risk to employment.

Click to expand...

the U.S. retailer urged suppliers in China to offset President Donald Trump's tariffs with substantial price cuts

Click to expand...

"If Walmart continues down this path," the Yuyuan Tantian post warned, "it may face consequences beyond a government summons."

Click to expand...

China’s Commerce Ministry held talks with Walmart after report on price cut demand, state media says​

China’s Ministry of Commerce has held talks with Walmart after the U.S. retail giant reportedly requested price cuts from Chinese suppliers to offset tariff costs, a state-backed media outlet said Wednesday.

The announcement came after Bloomberg reported last Thursday that Walmart had asked some Chinese suppliers, including makers of kitchenware and clothing, to lower prices by as much as 10% for each round of U.S. tariffs.

“If this is true, it is unreasonable for Walmart to require Chinese suppliers to bear all tariffs, which will disrupt fair competition and foreign trade order,” the report said, according to a CNBC translation of the Chinese.

Walmart’s reported move “may create the risk of supply chain disruption and harm the interests of Chinese and American companies and American consumers,” it added, warning of further actions if the company fails to correct its course.

U.S. President Donald Trump’s extra 10% duty on Chinese goods took effect on March 4, following a 10% tariff imposed on Feb. 4.

Most Chinese suppliers are already grappling with “razor-thin” profit margins as the U.S. company procures goods at big discounts to maintain its competitive advantage, according to the Bloomberg report.

Chinese and American companies should “work together” to respond to U.S. “unilateral imposition of tariffs,” Chinese state media said.

Click to expand...

Walmart had asked some Chinese suppliers, including makers of kitchenware and clothing, to lower prices by as much as 10% for each round of U.S. tariffs.

Click to expand...

FriedButter said:

Walmart fucks around and is finding out now.

They demanded Chinese suppliers to take 100% of the tariff cost which will push Chinese suppliers into bankruptcy.

Now the Government is getting involved.

Please, Log in or Register to view URLs content!

———

Please, Log in or Register to view URLs content!

Click to expand...

AssassinsMace said:

I'll tell you what's happening here. Ben Shapiro is acting on what the post Oct 7th Jews see how the world is now. What did they see that happened after Oct 7th that Jews were openly complaining about? Apathy in the African-American community and in China for what happened in Israel. Two groups that had nothing to do with Oct 7th. Ben Shapiro is just being a bitch to the black community by calling for the pardoning of the murderer of George Floyd and he's for advocating anti-China action. They're antisemitic because they're not showing the sympathy Jews are demanding. Just like how Jews are closely allied with right-wing Republicans and they do nothing to stop their racism...? Are Jews to be blamed? According to how their logic works... yes. And for some reason they think they're the only ones that have been wronged like they only see they were the only victims of WWII. Just like they see a crime has been committed if they walk down a street and they feel unsafe. No one around but just because they're paranoid something is going to happen to them, a crime has been committed even though no crime has happened.

Don't think it's a coincidence where people are bewildered by Trump going after close allies like they were the enemy. The very same allies that also in general haven't been sympathetic and instead have been critical of Israel. Trump and the Republicans are going after everyone the Jews are complaining about not being sympathetic to their plight.

Click to expand...

Australia won’t retaliate against ‘unjustified’ US tariffs on steel and aluminum​

MELBOURNE, Australia (AP) — Australian Prime Minister Anthony Albanese said Wednesday that U.S. tariffs on Australian steel and aluminum were unjustified, but his government would not retaliate with its own tariffs.

U.S. President Donald Trump said last month he was considering a tariff exemption for Australia, a free trade treaty partner that has traded with the United States at a deficit for decades.

A former Australian government secured an exemption with the previous Trump administration in 2018 based on arguments including that Australian steelmaker BlueScope employs thousands of workers in the U.S.

Albanese said he would continue to pursue an Australian exemption. The 2018 exemption took several months to secure.

“It has been foreshadowed that no country regardless of its relationship with the United States has been granted an exemption. Such a decision by the Trump administration is entirely unjustified,” Albanese said.

“Tariffs and escalating trade tensions are a form of economic self-harm and a recipe for slower growth and higher inflation. They are paid by the consumers. This is why Australia will not be imposing reciprocal tariffs on the United States,” Albanese added.
The U.S. officially increased tariffs on all steel and aluminum imports to 25% on Wednesday.

The U.S. decision not to exempt Australia was announced days after a spat became public between Trump and the former Australian prime minister who secured the 2018 exemption, Malcolm Turnbull.

Trump described Turnbull, who quit politics in 2018 after being overthrown as prime minister by his own government, as a weak and ineffective leader.

“Malcolm Turnbull, the former Prime Minister of Australia who was always leading that wonderful country from ‘behind’, never understood what was going on in China, nor did he have the capacity to do so,” Trump wrote on social media.

“I always thought he was a weak and ineffective leader and, obviously, Australian’s (sic) agreed with me!!!” Trump added.

Trump was responding to an interview Turnbull gave this week to U.S. media company Bloomberg in which the former Australian leader said Chinese President Xi Jinping would take advantage of the U.S. president’s chaotic and erratic leadership.

“I think China will take advantage, massive advantage of Trump,” Turnbull told Bloomberg.

“What my prediction will be that President Xi will aim to be the exact opposite of Trump. Where Trump is chaotic, he will be consistent. Where Trump is rude and abusive, he’ll be respectful. Where Trump is erratic, he will be consistent,” Turnbull said.

“And what that will do is build trust with countries, and there’ll be many countries who will, you know, looking at China on the one hand and Trump on the other, will find China a more attractive partner,” Turnbull added.

Click to expand...

FriedButter said:

Walmart fucks around and is finding out now.

They demanded Chinese suppliers to take 100% of the tariff cost which will push Chinese suppliers into bankruptcy.

Now the Government is getting involved.

Please, Log in or Register to view URLs content!

———

Please, Log in or Register to view URLs content!

Click to expand...