AssassinsMace
Lieutenant General
They're appealing to people's paranoid nature that they're important enough to be spied upon. That's how they can believe it. There's a fine line between paranoia and conceitedness.
Trade War with China
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Of course he is.
But Mexico and Canada are unique in being so dependent on the USA.
For almost every other country in the world, China is already a bigger trade partner than the USA, or soon will be.
I'm reserving judgement for now, as there will be more news to follow.
Let's see if more people corroborate the story or if the US government says anything.
Plus Trump won't be able to resist commenting.
Hendrik_2000
Lieutenant General
Well using trump yardstick he is doing so well If anything trade deficit is widening due to lower soybean export
Trump's favorite report card for the trade war keeps getting uglier
President Donald Trump is losing the trade war, at least according to his favorite measuring stick.
Trump has repeatedly cited the US's ever-growing trade deficit with China, Mexico, and other nations as a primary reason for the trade war. And while on trade deficits is misguided, Trump has made the reducing them one of the trade war's main goals.
Based on the latest trade numbers, the president's battle with China and other countries is not going so well.
Friday that the trade deficit increased to $53.2 billion in August for both goods and services, up from $50.0 billion in July. The goods trade deficit, which draws most of Trump's attention, also increased to $86.3 billion, a $3.8 billion increase from the month before.
The primary reason for the increase in the deficit was a collapse in exports, , which fell off by $1 billion, a 28% drop from the month prior. China, the largest buyer of US soybeans, and it appears the restrictions are taking a toll.
Turning to Trump's main trade war target — China — the news doesn't look much better for the president. The goods deficit with China jumped to an all-time one-month record of $38.6 billion from $36.8 billion in July without seasonal adjustments. Year-to-date, the goods deficit with China is $261 billion, 8.3% higher than the $240 billion through August of 2017.
Similarly to the overall deficit, the imbalance with China worsened due to a drop in exports to the country according to Dan Silver, an economist at JPMorgan.
"Details in the August report show that nominal goods exports to China dropped significantly during the month following the implementation of tariffs by both the US and China early in July," Silver said.
JPMorgan
But China wasn't the only country to see its trade surplus with the US grow. The US goods-trade deficit with Mexico ticked up to $8.7 billion, a $2.3 billion increase from July, and the deficit with Japan increased to $5.8 billion, up $0.9 billion from last month.
Gregory Daco, the chief US economist at Oxford Economics, wrote in a note to clients that the trade deficit will likely continue to grow given recent trends.
"Looking ahead, cooler global momentum and the stronger dollar will continue to temper export growth while imports will stay well-supported by upbeat domestic demand, fiscal stimulus and the strong greenback," Daco said. "Tariffs and persistent trade policy uncertainty are the key risks to our outlook."
Trump's favorite report card for the trade war keeps getting uglier
- The US trade deficit grew in the month of August.
- President Donald Trump has made the reduction of the trade deficit one of the focuses of the trade war.
- The goods trade deficit with China, a key focus of Trump's, also hit a record high by one measure.
- Exports of soybeans, an important crop and one of China's targets in the trade war, nosedived in August.
President Donald Trump is losing the trade war, at least according to his favorite measuring stick.
Trump has repeatedly cited the US's ever-growing trade deficit with China, Mexico, and other nations as a primary reason for the trade war. And while on trade deficits is misguided, Trump has made the reducing them one of the trade war's main goals.
Based on the latest trade numbers, the president's battle with China and other countries is not going so well.
Friday that the trade deficit increased to $53.2 billion in August for both goods and services, up from $50.0 billion in July. The goods trade deficit, which draws most of Trump's attention, also increased to $86.3 billion, a $3.8 billion increase from the month before.
The primary reason for the increase in the deficit was a collapse in exports, , which fell off by $1 billion, a 28% drop from the month prior. China, the largest buyer of US soybeans, and it appears the restrictions are taking a toll.
Turning to Trump's main trade war target — China — the news doesn't look much better for the president. The goods deficit with China jumped to an all-time one-month record of $38.6 billion from $36.8 billion in July without seasonal adjustments. Year-to-date, the goods deficit with China is $261 billion, 8.3% higher than the $240 billion through August of 2017.
Similarly to the overall deficit, the imbalance with China worsened due to a drop in exports to the country according to Dan Silver, an economist at JPMorgan.
"Details in the August report show that nominal goods exports to China dropped significantly during the month following the implementation of tariffs by both the US and China early in July," Silver said.
JPMorgan
But China wasn't the only country to see its trade surplus with the US grow. The US goods-trade deficit with Mexico ticked up to $8.7 billion, a $2.3 billion increase from July, and the deficit with Japan increased to $5.8 billion, up $0.9 billion from last month.
Gregory Daco, the chief US economist at Oxford Economics, wrote in a note to clients that the trade deficit will likely continue to grow given recent trends.
"Looking ahead, cooler global momentum and the stronger dollar will continue to temper export growth while imports will stay well-supported by upbeat domestic demand, fiscal stimulus and the strong greenback," Daco said. "Tariffs and persistent trade policy uncertainty are the key risks to our outlook."
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Oh of course, but you are not that reserved to protest China government to spend money on its water diversion project. Oh well.
Common sense says it's a complete fabrication.
Microchip is not a listening bug device that can be attached randomly.
Microchip footprint needed to be design in place of the motherboard.
Without the foot print on motherboard, microchip cannot be attached.
Supermicro holds the board design.
Banking on US government??
It slanders Huawei for spying without any proof. So it would more than happy to see Bloomberg made up stuffs to slander China.
It's happy see patriotic US media going on a campaign to support Trump admin trade war, that's to drive away to supply chain in China. Well, well, well...
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A water diversion project can be subject to a straightforward cost/benefit calculation.
I would actually suggest you to research semiconductors and motherboards, as it does look theoretically possible for an authorised board redesign to be made.
I don't think so,
If supermicro doesn't release the design to China, no way to know which wire is for which.
No way, no How.
AssassinsMace
Lieutenant General
It doesn't matter if it's true or not. We already know the US has been doing this a lot longer as Edward Snowden pointed out. This is why they complained about these very same companies having Chinese customer data moved from the US to China. They want to be able to have access to Chinese data. Right before Snowden surfaced publicly, because Xi's wife was seen carrying an iPhone, the US bragged that Xi could be spied on by the US. This could be all bull just to force these very companies to move Chinese data to the US so they can have easy access. They do it and they can brag about their prowess. If China does it, it's a crime. If China were able to bug the US President, that would be an act of war. They already bugged China's Presidential plane when it was being refurbished in the US. Do they feel like a criminal? If Americans were to find out that the US secretly gathered data on Chinese citizens, do you think Americans would care one bit? They would think it was their right because they're the good guys and the good guys can break any law they want because it's for the good.
Every time the US accuses China of something like it were something new, like we're seeing with cyberespionage, they were already doing it long before China. This is also a way to ease the backlash from Americans when they find out the US government is doing everything they accuse China on them. Look at how naïve Americans are regarding Facebook. Did they think because it's the US, something like that could never happen because they think all Americans, including corporations, are honorable and respect others? And let's not forget Obama charging China was spying on so-called friends and how offensive that was because true friends don't do that to friends. Then Snowden came out exposing how the US was spying on all its allies.
I think that story is a total slander.
It says it's China military designed the chip. Wow
China military must be super high tech able to create such system on chip in such tiny area, it's chip design is capable to match top Western company standard.
Also, why they say it's PLA chip? Because that cannot be proven.
If it says it's China company then people can go on to comapby website to check for product information.
Blame it on PLA then nothing can be proven.
So, they create this story so nothing can be proven true or false definitely.
This whole thing is so ridiculous.
It says it's China military designed the chip. Wow
China military must be super high tech able to create such system on chip in such tiny area, it's chip design is capable to match top Western company standard.
Also, why they say it's PLA chip? Because that cannot be proven.
If it says it's China company then people can go on to comapby website to check for product information.
Blame it on PLA then nothing can be proven.
So, they create this story so nothing can be proven true or false definitely.
This whole thing is so ridiculous.
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