Trade War with China

Icmer said:

If you have nothing to add to the discussion then don't post at all, especially since this is the trade war topic.

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Jura said:

how you doing, bro, now noticed the Warning https://www.sinodefenceforum.com/banned-warned-members-list.t54/page-70#post-511283
a hot night here? LOL

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Jura said:

the part directly related to China of
If this is a trade war, the United States will win

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:
"And there is this to keep in mind as well: if the complaint is that tariffs somehow distort the delicate mechanism of the market, unleashing an evil categorically different from other kinds of ebbs and flow in costs, then what must one say about the mutilations of the market that come from China’s industrial subsidies? In concrete terms, companies that are dependent on an artificially low price for steel are in for a world of hurt in the long run—for what happens when China fulfills its goals and stops subsidizing the price? Then the businesses that depend on the cheap steel market will be in the same position as they are with Trump’s tariffs, only worse.

China’s long-term goal in this will be very familiar to anyone who has studied the history of trade, war, and imperialism. Beijing would like to build up its own industrial power and hollow out that of the United States, its chief long-run strategic rival. Under imperialism, the metropole liked to foster and protect industry at home and keep colonies dependent by depriving them of manufacturing and getting them to import finished goods rather than creating them (let alone exporting them). Leverage belongs to the manufacturers. China has no need to start a war with the United States. One superpower can replace another by a gradual process of economic eclipse and induced de-industrialization. Let Americans think that their “service economy” will sustain itself. It won’t: a nation without a strong manufacturing base is as vulnerable as a nation that cannot feed itself or supply its own vital natural resources."

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Equation said:

Apparently my opinion is too much for other's to handle, even though I don't think I broke the rules. How the moderators chose to decide what is too political sensitive are up to them. We can only express our point of view the best we can.

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China does not want an escalation of trade frictions with the United States, and progress has been made in the latest round of talks that concluded over the weekend, Gao Feng, spokesman for China's Ministry of Commerce, said at a press conference on Thursday.

The essence of China-US economic and trade relations is win-win cooperation. Closer cooperation is conducive to the economies, the employment and livelihood of the two countries, Gao said.

China hopes the US side can meet halfway with China and promote the balanced and coordinated development of economic and trade cooperation between China and the US, he added.

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Chinese smartphone maker ZTE will pay a fine of $1 billion and bring an American monitoring team on board to resolve a high-profile dispute with the United States.
The full terms of the deal -- announced by US Commerce Secretary Wilbur Ross -- were not clear. The deal could mean the end of a ban on ZTE buying American parts.

Ross said the deal was struck at around 6 a.m. ET on Thursday, and it will impose "the most strict compliance that we've ever had on any company, American or foreign." ZTE will also put $400 million in an escrow account.

"We are literally embedding a compliance department of our choosing into the company," Ross said on CNBC.

The fate of the company has become a major flashpoint in trade tensions between the United States and China.

In April, the US Commerce Department

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from selling parts or providing services to ZTE, which also makes telecommunications equipment.

The crippling ban was put in place after Washington said ZTE violated a 2017 deal in which the Chinese company admitted to evading sanctions on Iran and North Korea.

The new agreement will force ZTE (

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) to replace its top management and board, Ross said. The compliance team will report to the company's new chairman, he added.

The $400 million will be forfeited if ZTE violates the terms.

"I'm very, very happy with this arrangement," Ross said. "It is the strictest and largest fine that has ever been brought by the Commerce Department."

ZTE, which employs around 75,000 people worldwide, buys key components from a range of US companies, including chips from Qualcomm (

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) and Intel (

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). It said on May 9 that it had

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because of the ban.

President Donald Trump announced

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that he was working with Chinese President Xi Jinping to give ZTE "a way to get back into business, fast." But his remarks unleashed a backlash in Washington that fueled uncertainty over whether the company would ever get a reprieve.

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the ban is likely to have cost ZTE billions of dollars in lost revenue, tarnished its brand and strained its relationships with customers around the world.

ZTE has repeatedly come under the scrutiny of regulators and officials in the United States, which is wary of its ties to the Chinese government. The company's controlling shareholder is Shenzhen Zhongxingxin Telecommunications Equipment, a Chinese state-owned corporation.

In 2012, ZTE and Huawei, another huge Chinese tech company, were the subject of a US congressional report that focused on the equipment they make for telecommunications networks.

The report said the companies "cannot be trusted to be free of foreign state influence and thus pose a security threat to the United States and to our systems." Both companies strongly disputed the report's findings.

China's efforts to

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are a key source of tension between the two countries. And ZTE plays a role in Beijing's tech ambitions.

It is one of several Chinese tech firms aggressively pursuing the development of 5G, the next generation in wireless network technology. The company boasts government and corporate clients in more than 160 countries and regions.

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Jura said:

it's on top of us.cnn.com Top stories right now
Wilbur Ross: US and China's ZTE have reached a deal

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Jura said:

Today at 3:37 PM
now

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The US &

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have reached an agreement. ZTE will pay a fine in exchange for being able to buy parts from U.S. suppliers again.

[links

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]

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