President Donald Trump recently invoked a provision of the Defense Production Act to ensure the timely delivery of rare earth materials to the nation’s industrial base. Having made the determination rare earths are “essential to national defense,” Trump authorized a wave of potential investment in the industry.
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Early on in Ma Jian’s new novel the main character has a vision: I saw elderly men and women smashing rocks against the ground under the steely gaze of teenage Red Guards. Among the sweat-drenched faces caked in dust, I saw my father looking up at me. There are…
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by Ken Bredemeier White House economic adviser Larry Kudlow said Sunday resumption of trade talks between the U.S. and China “is a very big deal,” but acknowledged there is no immediate prospect for an agreement between the world’s two largest economies. “The talks will go on for quite some time,”…
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In the wake of President Donald Trump’s meeting with China’s Xi Jinping in Osaka, Japan Saturday, the Committee on the Present Danger: China (CPDC) called for a halt to the sale of all U.S. equipment to the Huawei communications company. Trump announced that “U.S. companies can sell their equipment…
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U.S. President Donald Trump threatened Monday to impose tariffs on another $325 billion worth of imported goods from China if Chinese President Xi Jinping does not engage in new trade talks with him later this month. Trump told CNBC he expects to meet with Xi in Osaka, Japan at…
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China said Monday it would impose tariffs on $60 billion worth of imports from the United States, retaliating after President Donald Trump boosted taxes on $200 billion worth of Chinese goods sent to the U.S. and moved to impose duties on another $300 billion of Chinese exports. The Chinese…
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by Robert Romano Just when it appeared that a new trade agreement with China was being finalized last week, Beijing abruptly attempted to change all the terms of the deal and walk back prior concessions that had been made to head off President Donald Trump’s threat to increase tariffs…
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President Trump, looking to pressure China to speed up talks on a new trade agreement, says that starting Friday he will impose sharply higher tariffs on billions of dollars of Chinese exports to the United States. Trump said Sunday on Twitter, “For 10 months, China has been paying Tariffs…
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President Trump and the vice premier of China confirmed on Thursday that while significant progress has been made, there is no new trade agreement yet between the world’s two largest economies. “We’re certainly getting a lot closer,” Trump said sitting at his desk in the Oval Office with Chinese Vice…
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by Robert Romano Last month, China reported growth of its economy in 2018 at 6.6 percent, the lowest in 28 years. The slowdown is real enough but whether it results in a grand trade deal by the U.S. and China may depend on how much pain China is really feeling…
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