Trade Truth

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China in Charge.

Add in what is, maybe, a Planned-demic.

Control of our Universe is what's at stake.

Not Israel's threats. Do you remember Bibi at the United Nations with a cartoon of a bomb?

Yeah---nothing has changed. I'll try to find the cartoon and publish it here.

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snoopydawg's picture

but it never talks about the abuses that American companies do to the workers after they offshored their companies there. When people were committing suicide because of the working conditions instead of rectifying them they installed nets to keep people from jumping to their deaths..nice.

As for China having trade deficits which I admit I don’t understand, let’s still talk about how we don’t make stuff here anymore and it’s why we have to import so much stuff from China and elsewhere. Remember that lonely Maytag man who didn’t have much to do because Maytag made a product that lasted? How long do they last these days? Lots of stuff we import are made so cheaply and they break down quicker.

087009B5-63C4-4586-A03C-E7276FFC4C2B.jpeg

I like the one with a moose instead of Bibi’s mug.

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8 users have voted.

Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.

studentofearth's picture

initiating tariffs, then a series of tariffs were issued by both countries, a 2 year Phase One Trade Deal was signed January 15, 2020 in Washington DC (15 days before Trump's travel from China began), Biden Administration has kept all tariffs in place and expanded push to stop allies from purchasing certain Chinese goods.

The Trade Deal ends shortly. China will no longer have an obligation to purchase American goods and services.

This article includes a very good timeline for Trade War events between Unites States and China.
US-China phase-one trade deal gets a reality check after nearly two years Dec 19, 2021

Signed in January 2020, the deal was considered a ceasefire agreement between China and the United States following a two-year trade war that originated from a Section 301 investigation by the US in 2018, when Washington said Beijing had engaged in unfair trade practices such as intellectual property (IP) theft and granted excessive government subsidies to a wide range of domestic industries.

The Trump administration first imposed a 25 per cent tariff on US$50 billion worth of Chinese products, then extended the range to US$200 billion. In retaliation, China imposed tariffs ranging from 5 to 25 per cent on various US goods, including agricultural products and vehicles.

A direct result of the phase-one trade deal has been the suspension of more tariffs on both sides. The US suspended a planned increase in tariffs on about US$162 billion on Chinese goods and lowered an existing duty on imports worth US$110 billion. China has also announced rounds of tariff exclusions that exempt American products such as pork, soybeans, liquefied natural gas and medical disinfectants.

But not long after the agreement was signed, the Covid-19 pandemic hit and reshaped the momentum of the global economy. China has fallen behind in some of the commitments it made in the agreement, sparking speculation on fresh trade tensions between the world’s largest two economies.

Biden’s China containment plan comes into view July 23, 2021

US officials are now hammering out the details of a major proposed pact on digital services, one that would seek to set rules for cross-border flows of information, digital privacy and artificial intelligence standards in Asia. The pact would explicitly exclude China.

Meanwhile, US Secretary of Defense Lloyd Austin will seek to rally support for the new US Pacific Deterrence Initiative (UPDI), which aims to enhance the Pentagon’s logistical, surveillance and strategic asset deployments to counter China’s growing naval assertiveness. He is expected to lobby for the initiative during an upcoming trip to Southeast Asian capitals.

The initiatives signal that the Biden administration means business and is committed to an alliance-based approach to curb Beijing’s hegemonic ambitions in the region. This is especially true in Southeast Asia, a central theater of superpower rivalry in recent years.

Various countries are going to find it more difficult to remain neutral. We may not like some of the choices.

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Still yourself, deep water can absorb many disturbances with minimal reaction.
--When the opening appears release yourself.

@studentofearth @studentofearth we will like most of the country's choices.

USA has proved that we are, at best, and rarely even then, Fair Weather Friends. We cannot be trusted.

We should expect all of our"allies" to act in their own best interests.

And China, "hegemonic?" Which country exactly have they invaded and destroyed in order to install this hegemony? Honest question. I can't think of any.

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NYCVG

Shahryar's picture

I read today, on Atrios' blog, how silly people are who think the virus was developed in a lab because it's been totally debunked. Somehow I missed the debunking. Somehow I still believe it is less likely that a bat flew 1000 miles to Wuhan than that it came from....that building over there!!

But maybe I *have* missed the evidence. Any help would be appreciated.

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snoopydawg's picture

@Shahryar

….. in 2014 I think this current coronavirus was discovered in a bat and it was transferred to the Wuhan laboratory for further study. What happened after that might still be debatable. A day ago or a few, I lose track so easily, I posted new information on Fauci’s friend’s gain of function experiments in the Dose if you care to look for them. It sure looks like Fauci’s partners at echohealth IIRC were involved in some questionable experiments to make it easier to infect humans. The pentagon decided that something was too dangerous to do, but Fauci’s NIH didn’t. Like I said I’ve posted so much stuff I’m losing track of it. There’s a Jimmy video that discusses it in the comment.

If you can’t find the information let me know and I’ll look for it.

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6 users have voted.

Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.

Lookout's picture

@Shahryar

about the bat and pangolin that went to the Wuhan wet market?

My money is on the lab leak.

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“Until justice rolls down like water and righteousness like a mighty stream.”

zed2's picture

company but its my understanding that many Chinese companies do on demand assembly. They tend to pay Chinese minimum wages, which are3 higher than what Foxconn likes to pay, I think. Foxconn like many US tech firms have a bad reputaion for driving their workers very hard. Facebook, Google, Amazon are companies that depend on guest workers (who they have to pay a legalUS wage) and some have committed suicide. Apple pays better than the others but still only pay maybe 60K a year which means that workers are close to homelessness in Cupertino, as rents there are too high for somebody to survive on that - If you make that little in California you are on the verge of homelessness r eviction, as its just not enough. You are on the front likes of a housing war. You are poor and they want rih tenants, not schmucks like you. They want you out.

Lots of people dont have the resources ioo live there, in often the only home they have ever known. Their families, friends all live there unless they are living in an RV in the back of the Frys parking lot. (which a lot of people were, last time I was there. )

Lots of Americans are likely to be pushed out of the job rich areas in the coming years by the cost, you can bet on it. Where will they go, wherever they want, that they can afford. Don't assume it will be in the US. US wages "are not sustainable" say the oligarchs. Meaning they are not competitive with other parts of the world. The jobs will go where the wages are competitive.

I read yesterday that a senior software engineer in India makes around 800,000 RS a year, thats around $10,000 USD. Here they might make $200,000. twenty times more.. Thats what they need to stay housed here. Its the high cost of housing that is driving it. As the jobs vanish the people who once held them lose their homes and move into RVs etc. There are millions of homeless Americans now living rootless "van lives" trying to make their savings last by living on the road. Many of them are tech people who lost jobs to outsourcers many from India. With the huge rents in many parts of the US they really have little choice. This is the result of globalization and liberalization. We can thank GATS and soon, TISA for this. We cant say no, the jobs will go to the low bidders. They will have to pay a legal US wage, which right now is around $12000 a year. These are not easy jobs, so they are in demand in India, people even pay substantial sums of money to be assigned these jobs in the US. Their castes dont allow them to do menial labor, so they require a desk jobs to please their families. They pay bribes, often to be assigned these low paying jobs..Maybe $30000, and they are led to beleive it will lead to a green card, after a few years. More accurately, its usually the parents who pay, to get their adult children into these decent looking, but often thankless, difficult, often very low pay jobs

They are very low pay jobs. Boeing hired a lot of this kind of workforce to work on the new version of the 737. They didn't work out very well. As they say, you get what you pay for. Many US workers confronted with a situation like that move to other countries where they are treated better, or can live on a lot less, and raise a family. A substantial number of young Americans are moving to places like India and China. For work. Here they may be facing a hankless, stressful job for barely more than the guest workers make, overseas they may make about the same or less, but the cost of living is next to nothing, and they can put down roots and have self respect, or so they say. Quality of life in China is pretty good now and at least they cn have a nnice place to live, the water is safe, and the food is good. There are lots of young people from all around the world, good night life, increasingly, and for geeks like me, there are the biggest electronics markets in the world, places like the huge SEG electronics market in Shenzhen. When I was a kid, Canal Street in NYC was like Silicon Valley was in the 80s and Shenzhen is today. But then they tore it all down when the WTC was built. Bad move..

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zed2's picture

Go to Chinese web sites, the companies are all bragging about how well they treat their workers, and all the things they give them.

Look at all the energy we are putting into making it easier to outsource the US desk jobs to plsces with good Internetconnectivity, Bengalaru, Kolkata, Nairobi. Thats the plan. Wages there are 1/20 (five percent) of what they are here. Thats where big US corporations plan to hire. The Chinese wages are too high at around 30% of what they are here. This is called the "middle income trap" look that phrase up. Also look up the elephant graph. All the ills in the world are being blamed on the US "middle class" and its allegedly greedy sucking up of income and resources. That According to them US wages are not "sustainable" Every time you hear that word, remember what it means, it means that the corporate state is saying our workers allegedly "high" minimum wages (*cough*) $9.25 minimum wages cant continue under our system because the profits are too low for the oligarchs. This is what you voted for allegedly. Why do you think a huge propaganda campaign is on to tell we Americans and others that we don't want the jobs we have. Because this year they plan to make huge changes that will result in the outsourcing of a great many (perhaps almost all because the increase in profits by doing this will be so high, they claim, trillions of dollars we are allegedly wasting now on over high wages) of them and they want to be able to say people refused to do them. ts not because they plan to raise wages. They plan to kick the workers who alegedly want too much, creating a disinfo campaign against working people who want a living wage, (a concept that neoliberals totallyreject) Workers allegedly are at fault for all ills of the world, why, because they want to be in themiddle class, that the world cannot afford the oligarchs say.. While taking all that money that should go to their skilled workers, ut instead, the oligarchs take it, refusing to pay a living wage. So, a highly skilled worker in India might make five percent of what they made here pre-liberalization. After liberalization they will make maybe ten percent. The incentive to come here for Third World workers will be gone. Open your eyes and see how the propaganda machine is trying to coinflate intra company transfers and temporary labor of natural people, (the official name for guest slavery) with real immigration, even though its not immigratuion. (its required not to be because countries are still given control over real immigration, the kind that is not for an existing employer, which is under the control of the WTO) Americans have been totally fooled by politicians word trick. The rest of the world is being groomed for the big shaft by the PR campaign that US workers are lazy and dont want the jobs they plan to outsource. As they spin it, we are quitting good jobs by the millions because the capitalist system has made us all so rich. So much so that we dont want the current wages and jobs by the millions. When the fact is that we like so many other countries are buried in debt and will lose everything when they send the obs overseas. The real estate and pharmacetical and financializtion of everything bubbles are empty non-growth that is concealing the dismal economy. Those homes will be foreclosed on by the millions soon, when the bubble pops, and sold to their new friends. Many of whom have money in hand and are egar to invest here. We have to allow it. Where will people live? Wherever they want to, they are on their own. Maybe in Latin America. This huge shift is the main point of all the hijinks of the last twenty five or so years. It was planned out long ago, in a huge deal between the oligarchs here and elsewhere. Since 1986, or earlier te wheels have been turning. Especially 1994 with the signing of the Marrakesh Agreement establishing the WTO> . Ten years from now many Americans will likely be living in the developing countries. At least if they still have any money. Prices everywhere will have gone up a real lot and wages here will have gone way down. We may have lost the minimum wages the foreign companies claim is illegal discrimination under WTO GATS Article XVI (if they apply to their workers) This is the alleged "wage parity" issue. Look it up. Milton Friedman is a neoliberal, a hard core one. This is the US's attitude globally. Our government doesnt want requirements for"living wages' or higher wages. Democrats have been brainwashed into thinking we do, but we're wrong. Not that Republicans would be any better, they wouldnt. What people need to do is beccome the best in the world in what they do, become the best engineers or rocket scientists or scientists in the world, so that the pay they make is really buying the best skills in the world. Or start their own industries. Then the job they create for themselves is truly suited to them, and noone else. Otherwise they shouldn't be surprised when their jobs are traded away because the profits are based on the difference in wages. As long as we are so enslaved by profits jobs wont be secure if the wages are higher here than they are elsewhere.

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