Skip to main content

Trade war, day 56: Trump ties North Korea to trade, again

At this point, U.S.-China trade relations seem locked in to a tense state for months to come, with only a stalemate or further escalation seeming likely at least through November.

But now, Donald Trump reminded us of a third option: the dispute could also become more complicated and wide-ranging. Last evening, he tweeted out a White House statement yesterday evening:

“President Donald J. Trump feels strongly that North Korea is under tremendous pressure from China because of our major trade disputes with the Chinese Government,” the statement began, going on to say,“As for the U.S.-China trade disputes,and other differences, they will be resolved in time by President Trump and China’s great President Xi Jinping. Their relationship and bond remain very strong.”

There are a couple things to note about this statement:

This isn’t the first time Trump has connected the North Korea issue explicitly to the U.S.-China trading relationship.In December 2017, he told the New York Times (paywall), “China...If they’re helping me with North Korea, I can look at trade a little bit differently, at least for a period of time. And that’s what I’ve been doing,”On July 9, 2018, soon after the trade war officially started, he made the same accusation against China as now: that it “may be exerting negative pressure on a deal because of our posture on Chinese Trade.”Most experts don’t see the connection. Robert Kelly, a professor of political science at Pusan National University in South Korea, has some reactions to President Trump's statement, and experts generally don’t consider any country — even China — to have a decisive influence in North Korean foreign policy.Xi Jinping has never said, or even indicated through subordinates, that he shares any particular affection for Donald Trump.The Chinese Foreign Ministry outright mocked the implications of Trump’s statement, with a spokesperson describing it as “misrepresentative, irresponsible, nonsensical logic,” adding, “There really isn’t a normal person who is capable of understanding it,” the Asia Times reports.

Other trade war and related news:

Victims of the trade war
Bloomberg moves new forum for elites from China amid fallout of trade war / NYT (paywall)
Michael Bloomberg, the New York billionaire, has moved his “New Economy Forum” — a gathering of global business and political leaders — from Beijing to Singapore due to the political sensitivities of the trade war. Bloomberg is reportedly considering running for president in 2020, and “if that is the case, then keeping a distance from China could be advantageous, since it has become a punching bag for American politicians across ideologies,” the Times notes.Signals from Beijing
US ‘hard lines’ not helping to solve trade war, Beijing says / SCMP
China urges US to make 'right decision' as $200B tariffs near / Bloomberg (paywall)
“The U.S. should ‘take note of the calling from businesses and consumers in both countries, the fact that both countries are linked closely in the supply chain and the fundamental interest of the two peoples to make the right decision,’ Ministry of Commerce spokesman Gao Feng said at a regular briefing in Beijing on Thursday. Over 90 percent of businesses consulted on the tariffs oppose them, Gao said.”Financial risk and macro outlook
China banks managing $16 trillion can't stop talking about risk / Bloomberg (paywall)
China’s yuan sinks, but neither its central bank nor investors are showing signs of panic / SCMP


Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

The Rise of China-Europe Railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…