Washington Preparing to Throw the Kitchen Sink at China

More US sanctions in the works as Beijing defies Trump by ramping up subsidies — this war is only just getting started

Dear emerging markets fund manager: If you think the trade war is ending this year, I want my money back.

China is returning to its subsidy playbook and plans on subsidizing companies hit by tariffs. The latest recipient is tech companies, according to an article in the South China Morning Post on Friday.

State subsidies to favored industries were a key issue in trade negotiations. China has no interest in rolling them back. They’re not even signaling a willingness to try. Any Memorial Day happy talk tweets by Trump over the weekend should be glossed over and ignored. We are in a “no deal” situation now.

What makes it worse is the fact that Washington is throwing everything plus the kitchen sink at Beijing.

Here’s a list of anti-China measures coming from Democrats and Republicans. Some of them are old, but are being resuscitated as the trade war heats up.

“The U.S. strategy is intended to signal to allies and multinational corporates that ‘it’s on’,” says Brian McCarthy, chief strategist for Macrolens in Stamford, Conn.  “The message to allies in Europe and Asia is that – like it or not – it’s time to pick a side.  And to corporates with supply chain vulnerabilities in China – like it or not – it’s time to move.”

Besides bills and threats of ending the Treasury Department’s longstanding position that China is not manipulating its currency, the U.S. Trade Representative is going over the legalities of slapping 25% tariffs on another $300 billion of Chinese imports.

Source: Forbes

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[…] More US sanctions in the works as Beijing defies Trump by ramping up subsidies — this war is only … […]

Vish
Vish
2 months ago

Dump US Treasury Bills and end American Dollar imperialism.

That is the way to neutralize the American Menace.

The American way of life itself is based on financial bloodsucking of the world through US Dollar as the world’s only reserve currency. As Mike Whitney explains in the first article below, America’s Dollar imperialist system allows the USA to “spend well in excess of what it produces and not be held to account. It’s like having a credit card you never have to pay off.”

America is a global parasite, but it is a parasite that increasingly lashes out in trade wars, proxy wars, and threats of wars of all types in order to maintain its malign grip on the world.

Defending Dollar Imperialism
https://www.counterpunch.org/2014/12/01/defending-dollar-imperialism/

America: Host or Parasite?
https://soundcloud.com/guns-and-butter-1/2051-20070314-guns-and-butter

silver749
silver749
2 months ago

All the millions who have helped the United states grow will now be feeling they are being caught in the drag net being pulled by an old worn fishing boat.

Canosin
Canosin
2 months ago

it is show time… . we are witnessing the rapid decline of the United States of Hypocrisy…..
true is. … time to pick sides…. true is also, the world has aready chosen…
(hint: it is not the Divided States of Zionist America)

Trauma2000
Trauma2000
2 months ago
Reply to  Canosin

… time to pick sides…. true is also, the world has aready chosen…
(hint: it is not the Divided States of Zionist America)

Unfortunately I’m Australian and my Government has already MADE THE CHOICE for me:

Australia VOLUNTEERS to join the U.$. in the Market War of Aggression against China and Russia… the legislation to enable Australian troops to join the Ground Invasion of Russia was signed in 2014 – piggy backed on MH17 False Flag – but the actual legislation was DRAFTED UP SIX MONTHS before MH17 in preparation for the FALSE FLAG EVENT the Government Knew Was Coming. Read some John Helmer.

Canosin
Canosin
2 months ago
Reply to  Trauma2000

fully agree to your assessment

BillA
BillA
2 months ago

The United States of Hypocrisy, . . . nice ring to it
truly an amazing spectacle for an oldster (the perspective)
I was always taught to never pick a fight you cannot win (still aggressive as hell, eh)
and Chinese capitulation is the end point ? – wrong

Anti-Empire