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Capitalism: Begun the Trade War has
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    US China Business Council 2019 Member Survey

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  • According to a report by Destination DC, a local tourism promotion organization, about 226,000 Chinese tourists descended upon the capital in 2018, registering a 25% drop from the previous year.

    The drop marked a second consecutive year that tourists from Washington's top overseas market is decreasing, having dropped about 3 percent in 2017.

    Benoit Barraud, general manager of sightseeing bus company Big Bus Tours, said the drop in customers is almost palpable. There are 20-25 percent less overseas customers hopping on his buses in downtown Washington than before, Barraud said, much of it is due to the drop of Chinese tourists.

    And this is only the beginning, tourism is expected to drop 3-5 times at least. Education will follow.

  • Due to the recent increase in tariffs, DJI has updated pricing for its products in the United States. We take many factors into account when recommending retail prices in different countries around the world, including tariff applications, tax rates and currency exchange fluctuations.

    Expect much more price hikes soon.

  • For the past several months, the US government has been leveraging its political and diplomatic influence to lobby other governments to ban Huawei equipment. Furthermore, it has been using every tool at its disposal -- including both judicial and administrative powers, as well as a host of other unscrupulous means -- to disrupt the normal business operations of Huawei and its partners. These include:

    • Instructing law enforcement to threaten, menace, coerce, entice, and incite both current and former Huawei employees to turn against the company and work for them
    • Unlawfully searching, detaining, and even arresting Huawei employees and Huawei partners
    • Attempting entrapment, or pretending to be Huawei employees to establish legal pretense for unfounded accusations against the company
    • Launching cyber attacks to infiltrate Huawei's intranet and internal information systems
    • Sending FBI agents to the homes of Huawei employees and pressuring them to collect information on the company
    • Mobilizing and conspiring with companies that work with Huawei, or have a business conflict with Huawei, to bring unsubstantiated accusations against the company
    • Launching investigations based on false media reports that target the company
    • Digging up old civil cases that have already been settled, and selectively launching criminal investigations or filing criminal charges against Huawei based on claims of technology theft
    • Obstructing normal business activities and technical communications through intimidation, denying visas, detaining shipment, etc

    The fact remains that none of Huawei's core technology has been the subject of any criminal case brought against the company, and none of the accusations levied by the US government have been supported with sufficient evidence. We strongly condemn the malign, concerted effort by the US government to discredit Huawei and curb its leadership position in the industry.

  • The non-profit advocacy group investigates conditions in Chinese factories, and says it has uncovered other alleged labor rights violations by Apple partners.

    "Our recent findings on working conditions at Zhengzhou Foxconn highlights several issues which are in violation of Apple’s own code of conduct,” CLW wrote in its report. “Apple has the responsibility and capacity to make fundamental improvements to the working conditions along its supply chain, however, Apple is now transferring costs from the trade war through their suppliers to workers and profiting from the exploitation of Chinese workers."

    Temporary staff, known as dispatch workers, made up about 50% the workforce in August. Chinese labor law stipulates a maximum of 10%. Apple said that, after conducting an investigation, it found the “percentage of dispatch workers exceeded our standards” and that it is “working closely with Foxconn to resolve this issue.” It added that when it finds issues, it works with suppliers to “take immediate corrective action.” Foxconn Technology Group also confirmed the dispatch worker violation following an operational review.

    Dispatch workers don’t receive benefits that full-time employees get, such as paid sick leave, paid vacations and social insurance, which provides medical, unemployment and pension coverage, according to CLW. While base wages can be higher for dispatch workers, they are paid by third-party firms on a short-term basis and are not employed directly by Foxconn, CLW says. Dispatch workers can become official factory workers after an initial three-month period, according to the group’s report.

    Capitalism in action. Most fun is read words about "investigation".

  • Special: China - US trade war: Battlefield markets, meet the warriors

    The ongoing trade war between the US and China has been a hallmark of the Trump presidency. It has rocked the world’s two largest economies and there is no end in sight... RT America’s Sara Montes de Oca traveled to China to explore new perspectives on the topic .... We’ll hear invaluable insights from Hong Kong lawmaker Ronick Chan Chun-ying, economics Professor Terence Chong Tai-leung, Paul Chan Wai-bun of HK Apparel Society Limited, David Millington of Plus, a tour of Huawei’s campus in Shenzhen, China and a wide-ranging interview with the company’s VP of Strategy Andrew Williamson.

  • EU next

    The Trump administration has proposed a tariff of up to 100% on $25 billion in European items. Romano, Parmesan, provolone and Gouda are all on the list. But it's not just cheese. The tariff is proposed to hit a variety of items that pair well with cheese, as well -- like wines and meats, olive oil, olives and pasta.

  • At the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.

    This is how opportunism and fake socialism always end.
    Most people actually do not understand how big humiliation it is.

  • China will win the trade war with the U.S., and eventually wean itself off its reliance on American technology, a strategist told CNBC on Monday.

    “China will never trust the United States again, and it will achieve its technology independence within seven years,” David Roche, Independent Strategy’s president and global strategist, told CNBC’s “Squawk Box.”

    It’s not just about trade. It’s about technology, it’s about the free flow of ideas, it is rapidly becoming about the free flow of individuals ... So it’s a really wide conflict, and it’s simply not gonna go away.


  • @jleo

    It is big issues with China. Energy and resources is first. And quickly degrading elites that are turning into oligarchy is second.

    US has not much other options, but they are masters of PR and timing of attacks.

  • “The operating models for Garmin and other European and U.S. smart device vendors are flawed. Their retail price is very high,” Huami CEO and founder Wang Huang says. “You will only be able to sell very expensive products to a very small group of customers because mainstream and lower-end markets will be eroded by companies like us.”

    Company behind Xiaomi smart bands and smart watches that sell extremely well. Latest Mi band 4 is expected to sell more than Apple Watch (but international agencies do not track their sales at all).

  • Timing is right

    China Fixed Asset Investment YoY


  • According to Pillsbury, Trump had been “remarkably restrained in the pressure he has brought to bear on China in the trade field” - although we doubt Beijing would agree- adding that “the president has options to escalate the trade war" eyeing far higher tariffs: "These are low level tariffs that could go to 50 per cent or 100 per cent,” he said, adding that Trump’s critics were wrong to assume the president was “just bluffing” when he threatened an all-out trade war.

    And they will.

  • “President Donald Trump tweeting Vietnam as a candidate for a manufacturing shift from China would require a long, drawn-out process. Vietnam lacks maritime infrastructure, large container ports and a shipping network needed for rapid export-capacity growth. It’s unlikely to match China’s deeply entrenched trade apparatus for several years.”--- --Lee Klaskow, Bloomberg Intelligence Senior Industry Analyst & Chris Muckensturm, Bloomberg Intelligence Associate Analyst

    But Vietnam is starting to see expectations outrun reality. More and more businesses are complaining about congested ports and roads, rocketing costs for land and labor, and regulations that aren’t being loosened fast enough. Tapestry Inc., owner of the Coach and Kate Spade brands, has lamented insufficient infrastructure investment that’s left some containers stalled on the waters. Eclat Textile Co., a supplier to Nike Inc., says it needs to diversify beyond Vietnam, including to cheaper locations.

    Infrastructure is the big challenge for Vietnam, especially at its ports. China claims six of the top 10 ports by container traffic in the world -- including Shanghai at No. 1 -- while Vietnam’s two biggest ports, Ho Chi Minh Seaport and Cai Mep, rank No. 25 and No. 50, according to data compiled by Bloomberg Intelligence.

    “With the current situation, Vietnam for sure cannot meet the demand of a wave of companies if they move in,” Tsai Wen Jui, chairman of Taiwan-based bicycle saddle manufacturer DDK Group, said in an interview at their Binh Duong office. Even if 5% of Taiwan’s companies in China relocated to Vietnam, the infrastructure would be overwhelmed, he said.

    Vietnam “can’t come close to matching mainland China’s critical mass of workers, consumers and/or infrastructure,” Sean King, senior vice president at Park Strategies LLC, said in an e-mail. “What’s more, Vietnamese productivity rates are 25%-30% lower than PRC rates. In short, there’s only one mainland China.”
  • The US Trade Representative's office has confirmed that regulators approved 10 out of 15 of Apple company's tariff exemptions for computer components focusing primarily on the Mac Pro.

    And it is much more. Lot of goods had been added to exemptions.

  • United States intends to impose new 10% tariffs on aircraft and 25% on agricultural and industrial good other European goods starting Oct. 18, an official from the U.S. Trade Representative’s office said.

    At the day rockets will be flying around and above you it won't be looking so fun.

  • New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of the holiday season and cost American jobs, trade groups said on Thursday.


  • As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider to be off limits, I will totally destroy and obliterate the Economy of Turkey (I’ve done before!).

    Usual wars and "great wisdom" :-)

  • I thought that the ting with the " chosen one" was a singular but it is not. The man speaks wat he thinks which is very good every one should do and have the right to do the same but...

    But what do you think Vitaliy on your personal view where do you think the world is going?

  • But what do you think Vitaliy on your personal view where do you think the world is going?

    Nuclear war.

  • At first i was a bit shocked about your saying what you are thinking but... little by little it almost makes sense which is very scary.

    Hopefully you are wrong on this.

  • US suddenly remembered human rights to push Chinese security cameras makers out of US

    The following eight entities are also added to the Entity List as part of this rule: Dahua Technology; Hikvision; IFLYTEK; Megvii Technology; Sense Time, Xiamen Meiya Pico Information Co. Ltd.; Yitu Technologies; and Yixin Science and Technology Co. Ltd. Pursuant to § 744.11(b) of the EAR, the ERC has determined that the conduct of these twenty-eight entities raises sufficient concern that prior review of exports, reexports or transfers (in-country) of all items subject to the EAR involving these entities, and the possible imposition of license conditions or license denials on shipments to the persons, will enhance BIS’s ability to prevent items subject to the EAR from being used in activities contrary to the foreign policy of the United States.

  • China has become increasingly wary of any statements from Trump. Trust between the two sides suffered a big blow in May 2018, when Trump put a stop to a deal for China to buy more energy and agricultural goods to narrow the trade deficit. The U.S. president further sowed distrust in August when he claimed that Chinese officials had called and requested to restart trade talks.

    For Xi, it’s seen as politically unfeasible to accept a final deal that doesn’t remove the punitive tariffs altogether. Nationalists in the Communist Party have pressured him to avoid signing an “unequal treaty” reminiscent of those China signed with colonial powers.

    “The U.S. must concede on its December tariff threat if they want sign a deal during APEC summit, otherwise it would be a humiliating treaty for China,” said Huo Jianguo, a former Chinese commerce ministry official who is now vice chairman of the China Society For World Trade Organization Studies. “The U.S. has definitely shown some good gestures but we shouldn’t exclude the possibility of another flip-flop.”

  • Germany lenses 25% new fees


    In only 4 days US will possibly enact a 25% tax, to you the consumer, for any German manufactured lens, or product that has or uses a German lens as a part of its whole.

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