As U.S.-China Trade Talks Begin, ZTE Is In The Spotlight
I've been interested in the ZTE trade dispute mainly because at one point I looked at a ZTE phone, as that was one of the options offered by StraightTalk for low-cost phones.
Trade
The New VW California Is The Coolest Van You Can’t Buy & Here’s Why!
You can thank the Chicken Tax for this.
China Is Quietly Setting Global Standards
"High-level trade talks last week between the U.S. and China grabbed headlines around the world, but in many ways they were beside the point. In the years ahead, tariffs and industrial policy — the main focus of the talks — will probably matter less in the growing competition between the two countries, while another, much quieter initiative will matter more."
"As China boosts overseas investment through its Belt and Road infrastructure program, it is increasingly dictating not just the terms of financing but also a broader set of technological applications. In doing so, it is altering the global competitive landscape by defining and exporting technical standards for everything from artificial intelligence to hydropower. This push into global standards-setting has gone largely unnoticed. That's partly because it's boring: Even broaching the topic will make investors' eyes glaze over, and few Western governments have given it much thought."
‘Our worst fears seem to be coming true’
"Pork exports to China are smaller, but growing. Nationally, more than $660 million in pork — including “variety meats” like ears, hooves and organ meat — was exported to China last year, according to Tamara Nelsen, senior commodities director for the state farm bureau. Because those products are sold to smaller-budget, price-sensitive Chinese consumers, the tariffs could hurt demand and therefore pricing, Nelsen said."
China Hits Back On Trade Dispute, Slapping Tariffs On 128 U.S. Products
"China announced late Sunday that it would retaliate for the Trump administration's tariffs on steel and aluminum by imposing its own import charges on a list of 128 U.S. goods, including agricultural products ranging from fruit to frozen pork."
Trump’s steel and aluminum tariffs will hurt nearly every American industry.
"President Trump's announcement Thursday to slap sweeping tariffs on steel and aluminum imports has triggered turmoil across the American economy. The Dow slid 600 points in the hours following his statement."
NAFTA and other trade deals have not gutted American manufacturing — period
A manufacturing job making things in a factory is no longer, in any sense, a typical job for Americans. A sector of the economy that provided three out of 10 nonfarm jobs at the start of the 1950s and one in four nonfarm jobs at the start of the 1970s now provides fewer than one in 11 nonfarm jobs today. Proportionally, the United States has shed almost two-thirds of relative manufacturing employment since 1971.