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Trump’s trade war with China has MASSIVE geopolitical consequences (Video)

China retaliates with $50 Billion tariffs on US goods. The Duran – News in Review – Episode 29.

Alex Christoforou

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The Trump White House formally announced the list of Chinese products to be hit with tariffs.

The US will implement 25% tariff on $50 Billion in Chinese imports, representing 1,102 product lines with the list of imported goods among those listed on China’s 2025 plan.

The US tariffs against China will be implemented in two tiers.

The first tier on July 6th will cover $34 Billion in imports. A second tier will cover the remaining $16 Billion, or 284 product lines.

POTUS Trump said in a statement that the “The United States can no longer tolerate losing our technology and intellectual property through unfair economic practices.”

“These tariffs are essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs.”

“In addition, they will serve as an initial step toward bringing balance to the trade relationship between the United States and China.”

China immediately retaliated with $50 Billion in tariffs against US goods including soybeans, light aircraft, orange juice, whiskey and beef, starting July 6th.

The Chinese government clarified that tariffs on US soybeans will begin July 6, while tariffs on US crude oil, natural gas, coal and some refined oil products will begin at a later date.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris, take a deeper look at the impending trade war, and what this means for the global economy.

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Zerohedge (https://www.zerohedge.com/news/2018-06-15/china-strikes-back-retaliates-50-billion-tariffs-us-goods) reports that the response from China signaled a rapid escalation of the dispute. China will impose tariffs with “equal scale, equal intensity” on imports from the U.S. and all of the country’s earlier trade commitments are now off the table, the Commerce Ministry said in a statement on its website late Friday.

China’s Ministry of Finance is setting a two-tier system with $34 Billion on July 6th and $16 Billion more in tariffs to follow…

On June 15, 2018, the U.S. government issued a list of goods subject to tariffs, which will impose a tariff of 25% on about 50 billion U.S. dollars of goods imported from China, of which about US$34 billion will be goods from July 6, 2018. It began to impose tariffs and began to solicit public opinions on about 16 billion U.S. dollars in tariffs. The U.S. measures violated the relevant rules of the World Trade Organization and it is contrary to the consensus reached in the Sino-U.S. negotiations. It seriously violates our legitimate rights and interests and threatens the interests of our country and people.

According to the “People’s Republic of China Foreign Trade Law,” “The People’s Republic of China Import and Export Tariff Regulations,” and other laws and regulations and the basic principles of international law, the State Council Tariff Commission decided to impose an additional 25% on 659 items of US$50 billion imported goods originating in the United States. Tariffs, including 545 items of approximately US$34 billion in goods, have been subject to additional tariffs since July 6, 2018, and the implementation time of additional tariffs on other commodities has been announced separately.

List 1 here (Chinese only for now).

List 2 here (Chinese only for now).

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Saint Jimmy (Russian American)columRastislav Veľká MoravaJackHappyCynic Recent comment authors
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colum
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colum

Off topic. Russia 3-Egypt 1

Saint Jimmy (Russian American)
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Saint Jimmy (Russian American)

Amazing. Russia looks like the surprise of the Cup but Egypt didn’t have much outside of Salah.

Rastislav Veľká Morava
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Rastislav Veľká Morava

It appears that Trump wants economic isolation from globalism and maybe down the road, even an exit from the US’s current internationalism and interventionism.

His end goal might very well be economic and manufacturing self sufficiency for the USA. This can happen after a number of years of acute pain, and maybe even a downgrade to 2nd world status.

Rastislav Veľká Morava
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Rastislav Veľká Morava

In regards to Trump and the USA: Down the road, all it would take would be for Trump to institute that to sell in the USA you have to produce in the USA, perhaps starting with mandatory assembly in the USA. Factories can be transplanted. In the future it will not make much sense to have robots manufacturing for the US and Western Companies in China, when you can have those same robots manufacturing locally. China should not count too much on the future of flooding the rest of the world with manufactured goods to boost their economy. Other countries,… Read more »

Jack
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Jack

Thanks to God that he sent on American people such man who is doing right things one by one rescuing ower white civilisation and trumping down his predisessores legacy,

HappyCynic
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HappyCynic

There’s a video of Trump on the Oprah show from 30 years ago where he talks about unfair trade (although he was referring to Japan at the time). Trump has made it clear that when there’s a huge imbalance in trade (i.e. a trade deficit), the winner in a trade war (increasing tariffs on both sides) is the side with the biggest trade deficit. Try the following Gedankenexperiment (Einstein was fond of these types of examples): Assume each side increases tariffs to 100% on all goods – what is the result? Both sides lose in the long run, but the… Read more »

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BARR: No collusion by any Americans

Trump never used his powers to interfere with Mueller, and thus had no “corrupt intent” in the matter.

Alex Christoforou

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Attorney General Barr found no one in the Trump campaign colluded with “Russia” to meddle in the 2016 US election.

A devastating blow to Democrats and their mainstream media stenographers.

Trump reacted immediately…

Via RT…

With the full report on special counsel Robert Mueller’s investigation into claims President Donald Trump colluded with Russia about to be released, Attorney General William Barr is giving a press conference about its findings.

Barr maintains the allegation that the Russian government made efforts to interfere in the election through the Internet Research Agency, an alleged Kremlin-control “troll farm”, as well as “hacking efforts” by the Russian intelligence agency GRU.

The bottom line, Barr says, is that Mueller has found Russia tried to interfere in the election, but “no American” helped it.

Barr explained the White House’s interaction with the Mueller report, whether Trump used executive privilege to block any of its contents from release, as well as on how the Justice Department chose which bits of the 400-page paper to redact.

On the matter of obstruction of justice, Barr said he and his deputy Rod Rosenstein have reviewed Mueller’s evidence and “legal theories”, and found that there is no evidence to show Trump tried to disrupt the investigation.

He said Trump never used his powers to interfere with Mueller, and thus had no “corrupt intent” in the matter.

Most of the redactions in the report were made to protect ongoing investigations and personal information of “peripheral third parties”.

Barr said that no-one outside the Justice Department took part in the redacting process or saw the unredacted version, except for the intelligence community, which was given access to parts of it to protect sources.

Trump did not ask to make any changes to Mueller’s report, Barr said.

Trump’s personal counsel was given access to the redacted report before its release.

A number of Trump-affiliated people, as well as Russian nationals, have been indicted, charged or put on trial by Mueller over the course of the past two years, but none for election-related conspiracy. Still, Democrats in Congress as well as numerous establishment media personalities have been insisting that Barr, a Trump pick for AG office, is somehow “spinning” its findings in order to protect and exonerate Trump, and are calling to see the full report as soon as possible.

They have equally condemned Barr’s decision to hold a news conference before the report is release, claiming he is trying to shape the public perception in Trump’s favor.

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Moscow’s Strategy: To Win Everywhere, Every Time

The main feature of Moscow’s approach is to find areas of common interest with its interlocutor and to favor the creation of trade or knowledge exchange.

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Authored by Federico Pieraccini via The Strategic Culture Foundation:


Important events have occurred in the Middle East and North Africa in recent weeks that underline how the overall political reconfiguration of the region is in full swing. The Shia axis continues its diplomatic relations and, following Rouhani’s meeting in Baghdad, it was the turn of Adil Abdul-Mahdi to be received in Tehran by the highest government and religious authorities. Among the many statements released, two in particular reveal the high level of cooperation between the two countries, as well as demonstrating how the Shia axis is in full bloom, carrying significant prospects for the region. Abdul-Mahdi also reiterated that Iraq will not allow itself to be used as a platform from which to attack Iran: “Iraqi soil will not be allowed to be used by foreign troops to launch any attacks against Iran. The plan is to export electricity and gas for other countries in the region.”

Considering that these two countries were mortal enemies during Saddam Hussein’s time, their rapprochement is quite a (geo)political miracle, owing much of its success to Russia’s involvement in the region. The 4+1 coalition (Russia, Iran, Iraq, Syria plus Hezbollah) and the anti-terrorism center in Baghdad came about as a result of Russia’s desire to coordinate all the allied parties in a single front. Russia’s military support of Syria, Iraq and Hezbollah (together with China’s economic support) has allowed Iran to begin to transform the region such that the Shia axis can effectively counteract the destabilizing chaos unleashed by the trio of the US, Saudi Arabia and Israel.

One of the gaps to be filled in the Shia axis lies in Lebanon, which has long experienced an internal conflict between the many religious and political currents in the country. The decision by Washington to recognize the Golan Heights as part of Israel pushed the Lebanese president, Michel Aoun, to make an important symbolic visit to Moscow to meet with President Putin.

Once again, the destabilizing efforts of the Saudis, Israelis and Americans are having the unintended effect of strengthening the Shia axis. It seems that this trio fails to understood how such acts as murdering Khashoggi, using civilian planes to hide behind in order to conduct bombing runs in Syria, recognizing the occupied territories like the Golan Heights – how these produce the opposite effects to the ones desired.

The supply of S-300 systems to Syria after the downing of the Russian reconnaissance plane took place as a result of Tel Aviv failing to think ahead and anticipate how Russia may respond.

What is surprising in Moscow’s actions is the versatility of its diplomacy, from the deployment of the S-300s in Syria, or the bombers in Iran, to the prompt meetings with Netanyahu in Moscow and Mohammad bin Salman at the G20. The ability of the Russian Federation to mediate and be present in almost every conflict on the globe restores to the country the international stature that is indispensable in counterbalancing the belligerence of the United States.

The main feature of Moscow’s approach is to find areas of common interest with its interlocutor and to favor the creation of trade or knowledge exchange. Another military and economic example can be found in a third axis; not the Shia or Saudi-Israeli-US one but the Turkish-Qatari one. In Syria, Erdogan started from positions that were exactly opposite to those of Putin and Assad. But with decisive military action and skilled diplomacy, the creation of the Astana format between Iran, Turkey and Russia made Turkey and Qatar publicly take the defense of Islamist takfiris and criminals in Idlib. Qatar for its part has a two-way connection with Turkey, but it is also in open conflict with the Saudi-Israeli axis, with the prospect of abandoning OPEC within a few weeks. This situation has allowed Moscow to open a series of negotiations with Doha on the topic of LNG, with these two players controlling most of the LNG on the planet. It is evident that also the Turkish-Qatari axis is strongly conditioned by Moscow and by the potential military agreements between Turkey and Russia (sale of S-400) and economic and energy agreements between Moscow and Doha.

America’s actions in the region risks combining the Qatari-Turkish front with the Shia axis, again thanks to Moscow’s skilful diplomatic work. The recent sale of nuclear technology to Saudi Arabia, together with the withdrawal from the JCPOA (the Iranian nuclear agreement), has created concern and bewilderment in the region and among Washington’s allies. The act of recognizing the occupied Golan Heights as belonging to Israel has brought together the Arab world as few events have done in recent times. Added to this, Trump’s open complaints about OPEC’s high pricing of oil has forced Riyadh to start wondering out aloud whether to start selling oil in a currency other than the dollar. This rumination was quickly denied, but it had already been aired. Such a decision would have grave implications for the petrodollar and most of the financial and economic power of the United States.

If the Shia axis, with Russian protection, is strengthened throughout the Middle East, the Saudi-Israel-American triad loses momentum and falls apart, as seen in Libya, with Haftar now one step closer in unifying the country thanks to the support of Saudi Arabia, the United Arab Emirates, France and Russia, with Fayez al-Sarraj now abandoned by the Italians and Americans awaiting his final defeat.

While the globe continues its multipolar transformation, the delicate balancing role played by Russia in the Middle East and North Africa is emphasized. The Venezuelan foreign minister’s recent visit to Syria shows how the front opposed to US imperialist bullying is not confined to the Middle East, with countries in direct or indirect conflict with Washington gathering together under the same protective Sino-Russian umbrella.

Trump’s “America First” policy, coupled with the conviction of American exceptionalism, is driving international relations towards two poles rather than multipolar ones, pushing China, Russia and all other countries opposed to the US to unite in order to collectively resist US diktats.

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Nigel Farage stuns political elite, as Brexit Party and UKIP surge in polls (Video)

The Duran Quick Take: Episode 144.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a look at Nigel Farage’s Brexit Party’s stunning rise in the latest UK polls, which show Tory support splintering and collapsing to new lows. Theresa May’s Brexit debacle has all but destroyed the Conservative party, which is now seeing voters turn to UKIP and The Brexit Party.

Corbyn’s Labour Party is not finding much favor from UK voters either, as anger over how Britain’s two main parties conspired to sell out the country to EU globalists, is now being voiced in various polling data ahead of EU Parliament elections.

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Authored by Mike Shedlock via MishTalk:


The Guardian reports Tories Hit by New Defections and Slump in Opinion Polls as Party Divide Widens.

The bitter fallout from Brexit is threatening to break the Tory party apart, as a Europhile former cabinet minister Stephen Dorrell on Sunday announces he is defecting to the independent MPs’ group Change UK, and a new opinion poll shows Conservative support plummeting to a five-year low as anti-EU parties surge.

The latest defections come as a new Opinium poll for the Observer shows a dramatic fall in Tory support in the past two weeks and a surge for anti-EU parties. The Conservatives have fallen by six percentage points to 29% compared to a fortnight ago. It is their worst position since December 2014. Labour is up one point on 36% while Ukip is up two points on 11%.

Even more alarmingly for the Tories, their prospects for the European elections appear dire. Only 17% of those certain to vote said they would choose the Conservatives in the European poll, while 29% would back Labour, and 25% either Ukip (13%) or Nigel Farage’s new Brexit party (12%).

YouGov Poll

A more recent YouGov Poll looks even worse for the Tories

In the YouGov poll, UKIP and BREX total 29%.

Polls Volatile

Eurointellingence has these thoughts on the polls.

We have noted before that classic opinion polls at a time like this are next to useless. But we found an interesting constituency-level poll, by Electoral Calculus, showing for the first time that Labour would get enough constituency MPs to form a minority government with the support of the SNP. This is a shift from previous such exercises, which predicted a continuation of the status quo with the Tories still in command.

This latest poll, too, is subject to our observation of massively intruding volatility. It says that some of the Tory’s most prominent MPs would be at risk, including Amber Rudd and Iain Duncan-Smith. And we agree with the bottom-line analysis of John Curtice, the pollster, who said the abrupt fall in support for Tories is due entirely to their failure to have delivered Brexit on time.

The Tories are facing two electoral tests in May – local elections on May 2 and European elections on May 23. Early polls are show Nigel Farage’s new Brexit party shooting up, taking votes away from the Tories. If European elections were held, we would expect the Brexit party to come ahead of the Tories. Labour is rock-solid in the polls, but Labour unity is at risk as the pro-referendum supporters want Jeremy Corbyn to put the second referendum on the party’s manifesto.

Tory Labour Talks

The Tory/Labour talks on a compromise have stalled, but are set to continue next week with three working groups: on security, on environmental protection, and on workers’ rights. A separate meeting is scheduled between Philip Hammond and John McDonnell, the chancellor and shadow chancellor. The big outstanding issue is the customs union. Theresa May has not yet moved on this one. We noted David Liddington, the effective deputy prime minister, saying that the minimum outcome of the talks would be an agreed and binding decision-making procedure to flush out all options but one in a series of parliamentary votes.

May’s task is to get at least half of her party on board for a compromise. What makes a deal attractive to the Tories is that May would resign soon afterwards, giving enough time for the Tory conference in October to select a successor before possible elections in early 2020.

This relative alignment of interests is why we would not rule out a deal – either on an agreed joint future relationship, or at least on a method to deliver an outcome.

Customs Union

A customs union, depending on how it is structured, would likely be worse than remaining. The UK would have to abide by all the EU rules and regulations without having any say.

Effectively, it will not be delivering Brexit.

Perhaps May’s deal has a resurrection.

Mike “Mish” Shedlock

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