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China warns trade war will directly hit US consumers & financial markets</h1>
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<span class="posted-on" style="box-sizing: border-box;"><a href="http://www.greanvillepost.com/2018/03/24/china-warns-trade-war-will-directly-hit-us-consumers-financial-markets/" rel="bookmark" style="box-sizing: border-box; color: rgb(181, 187, 197); text-decoration: none;" class="">March
24, 2018</a></span><span class="byline" style="box-sizing: border-box; display: inline;"> <span class="vcard author" style="box-sizing: border-box;"><a class="url n fn" href="http://www.greanvillepost.com/author/addison-depitt/" style="box-sizing: border-box; color: rgb(181, 187, 197); text-decoration: none;">Posted
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<a href="http://www.greanvillepost.com/wp-content/uploads/2018/02/VIRULENTCAPITALISM.jpg" style="box-sizing: border-box; color: rgb(8, 26, 219); text-decoration: none;" class=""><img class="aligncenter size-full wp-image-208014" src="http://www.greanvillepost.com/wp-content/uploads/2018/02/VIRULENTCAPITALISM.jpg" alt="" width="650" height="175" srcset="http://www.greanvillepost.com/wp-content/uploads/2018/02/VIRULENTCAPITALISM.jpg 650x, http://www.greanvillepost.com/wp-content/uploads/2018/02/VIRULENTCAPITALISM-350x94.jpg 350x, http://www.greanvillepost.com/wp-content/uploads/2018/02/VIRULENTCAPITALISM-600x162.jpg 600x, http://www.greanvillepost.com/wp-content/uploads/2018/02/VIRULENTCAPITALISM-520x140.jpg 520x" sizes="(max-width: 650px) 100vw, 650px" style="box-sizing: border-box; border: 0px; vertical-align: middle; height: auto; max-width: 100%; clear: both; display: block; margin-left: auto; margin-right: auto;"></a><a href="http://www.greanvillepost.com/wp-content/uploads/2017/11/black-band.png" style="box-sizing: border-box; color: rgb(8, 26, 219); text-decoration: none;" class=""><img class="aligncenter size-full wp-image-201848" src="http://www.greanvillepost.com/wp-content/uploads/2017/11/black-band.png" alt="" width="475" height="6" srcset="http://www.greanvillepost.com/wp-content/uploads/2017/11/black-band.png 475x, http://www.greanvillepost.com/wp-content/uploads/2017/11/black-band-350x4.png 350x, http://www.greanvillepost.com/wp-content/uploads/2017/11/black-band-390x6.png 390x" sizes="(max-width: 475px) 100vw, 475px" style="box-sizing: border-box; border: 0px; vertical-align: middle; height: auto; max-width: 100%; clear: both; display: block; margin-left: auto; margin-right: auto;"></a></p>
<div class="su-spoiler-style-fancy su-spoiler su-spoiler-icon-arrow-circle-1" style="box-sizing: border-box; margin-bottom: 1.5em; border: 1px solid rgb(204, 204, 204); border-top-left-radius: 10px; border-top-right-radius: 10px; border-bottom-right-radius: 10px; border-bottom-left-radius: 10px; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51);">
<div class="su-spoiler-title" style="font-size: 0.9em; box-sizing: border-box; position: relative; cursor: pointer; min-height: 20px; line-height: 20px; padding: 7px 7px 7px 34px; font-weight: bold; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(204, 204, 204); border-top-left-radius: 10px; border-top-right-radius: 10px; border-bottom-right-radius: 10px; border-bottom-left-radius: 10px; background-color: rgb(240, 240, 240);">
<span class="su-spoiler-icon" style="box-sizing: border-box; position: absolute; left: 7px; top: 7px; display: block; width: 20px; height: 20px; line-height: 21px; text-align: center; font-size: 14px; font-family: FontAwesome; font-weight: normal; -webkit-font-smoothing: antialiased;"></span>HELP
ENLIGHTEN YOUR FELLOWS. BE SURE TO PASS THIS ON. SURVIVAL DEPENDS ON IT.</div>
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<div class="sue-panel" data-url="" style="box-sizing: border-box; position: relative; width: 710px; margin: 0px auto 1.5em; background-color: rgb(253, 252, 244); border-top-left-radius: 0px; border-top-right-radius: 0px; border-bottom-right-radius: 0px; border-bottom-left-radius: 0px; box-shadow: rgb(238, 238, 238) 0px 1px 2px; -webkit-box-shadow: rgb(238, 238, 238) 0px 1px 2px; border: 1px solid rgb(204, 204, 204);">
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<a href="http://www.greanvillepost.com/wp-content/uploads/2018/03/EditorsNote3.jpg" style="font-size: 14px; box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none; margin-top: 0px;" class=""><img class="wp-image-209952 size-full alignleft" src="http://www.greanvillepost.com/wp-content/uploads/2018/03/EditorsNote3.jpg" alt="" width="120" height="25" style="box-sizing: border-box; border: 0px; vertical-align: middle; height: auto; max-width: 100%; display: inline; float: left; margin-right: 1.5em;"></a><span style="box-sizing: border-box; margin-bottom: 0px; font-family: 'Hammersmith One', sans-serif;" class="">The
appalling incompetents and hypocrites in charge of US foreign and domestic policy, (under Trump especially vile as they reek of rancid jingoism), have now determined that a trade war with China is a good idea, as part of (a) showing the misguided Trumpian
base —the “deplorables”—that the man is thinking of them—jobs, jobs, jobs—and (b) as part of the empire’s search for ways to isolate and damage China’s trajectory to the top. Buried in all this colossal nonsense is the fact that (c) China never “stole” a single
job, as Trump & Co.—and the presstitutes would have us believe—but, quite the opposite, the jobs were “exported” to China and other low-wage nations by a collective, cold-blooded decision of the US corporate ruling class, to minimise their wage bill and max
profits, a “runaway” phenomenon that started way back, at least in the 1970s; and (d) such a move will profoundly destabilise the fragile US economy by removing a longstanding income subsidy to the American consumer, courtesy of Chinese sweat. Obviously these
idiots do not even consider the inevitable repercussions of their opportunistic and flamboyant short-term policies at home. Where is the replacement income going to come when the Chinese imports cost far more? From higher wages at the local WalMarts or burger
joint—assuming jobs are to be had? Expect no answers from the supreme assholes in charge, let alone from the imbecile in chief. In any case, do not forget this is not so much a Trumpian crime as it is a fully <em style="box-sizing: border-box;" class="">systemic</em>,
bipartisan betrayal of working Americans. But we’re used to that. Why should we expect any consideration from a government run by and for billionaires?</span></div>
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<div class="article__date" style="box-sizing: border-box;"><time class="date date_article-header" style="box-sizing: border-box;">Dateline: 24 Mar, 2018 03:27</time><time class="date date_article-header" style="box-sizing: border-box;">Edited time: 24 Mar,
2018 09:05</time></div>
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<div class="media " style="box-sizing: border-box;"><a href="http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products.jpg" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;" class=""><img class="aligncenter size-full wp-image-210807" src="http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products.jpg" alt="" width="900" height="506" srcset="http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products.jpg 900x, http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products-350x197.jpg 350x, http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products-768x432.jpg 768x, http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products-600x337.jpg 600x, http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products-520x292.jpg 520x, http://www.greanvillepost.com/wp-content/uploads/2018/03/chinese-computer-products-740x416.jpg 740x" sizes="(max-width: 900px) 100vw, 900px" style="box-sizing: border-box; border: 0px; vertical-align: middle; height: auto; max-width: 100%; clear: both; display: block; margin-left: auto; margin-right: auto;"></a></div>
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<div class="summary article__summary " style="box-sizing: border-box;">American consumers will be the biggest losers if a full-fledged US-China trade war breaks out, Beijing has warned, after President Donald Trump signed a memorandum to impose new tariffs
targeting over $50bn of Chinese imports.</div>
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<p style="box-sizing: border-box; margin: 0px 0px 10px;" class=""><em style="box-sizing: border-box;" class="">“The US’ persistence in advancing the Section 301 investigation and publishing the so-called findings to pick a trade war will undoubtedly undermine
the interests of American consumers, enterprises and the financial market directly,”</em> the Chinese Foreign Ministry said, a day after the US President ordered the US Trade Representative (USTR) to levy tariffs on at least $50 billion of Chinese imports.
The move is designed to cut the US trade deficit and prevent alleged misappropriation of US intellectual property.</p>
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<p style="box-sizing: border-box; margin: 0px 0px 10px;" class=""><a class="read-more__link" href="https://www.rt.com/business/422086-china-trump-retaliatory-tariffs/" target="_blank" rel="noopener" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;"><img class="read-more__cover alignleft" src="https://cdni.rt.com/files/2018.03/thumbnail/5ab4629adda4c81f7d8b45d6.jpg" alt="FILE PHOTO: Aluminum ingots are piled up at a bonded storage area at the Dagang Terminal of Qingdao Port, China © Fayen Wong" style="box-sizing: border-box; border: 0px; vertical-align: middle; height: auto; max-width: 100%; display: inline; float: left; margin-right: 1.5em;"><span class="read-more__footer" style="box-sizing: border-box;">China
hits back at Trump, announces retaliatory tariffs on $3bn of US goods</span></a></p>
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<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">Trump’s Thursday <a href="https://www.whitehouse.gov/presidential-actions/presidential-memorandum-actions-united-states-related-section-301-investigation/" target="_blank" rel="noopener noreferrer" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;" class="">announcement</a> of
the new duties was accompanied by the 215-page USTR’s Section 301 of the 1974 Trade Act investigation <a href="https://ustr.gov/sites/default/files/Section%20301%20FINAL.PDF" target="_blank" rel="noopener noreferrer" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;" class="">report</a> into
China’s technology strategy, which, among other things, accuses Beijing of engaging in cyber espionage, intellectual property theft and pursuing aggressive investments and acquisitions in the US. <em style="box-sizing: border-box;" class="">“We have a tremendous
intellectual property theft situation going on,”</em> Trump said.</p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">Beijing slammed Trump’s accusations as <em style="box-sizing: border-box;" class="">“unacceptable”</em> and brushed aside all allegations of intellectual property theft.</p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class=""><em style="box-sizing: border-box;" class="">“China’s innovation achievements are earned by the wisdom and sweat of 1.3 billion Chinese people, not by stealing and not by robbing anyone,</em>”
Foreign Ministry Spokesperson Hua Chunying <a href="http://www.fmprc.gov.cn/mfa_eng/xwfw_665399/s2510_665401/2511_665403/t1545062.shtml" target="_blank" rel="noopener noreferrer" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;" class="">insisted</a>,
during Friday’s press briefing. <em style="box-sizing: border-box;" class="">“Such achievements may make the US feel worried, but as the largest economy in the world, the US is supposed to be above making groundless accusations and blowing things out of proportion.”</em></p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">The Foreign Ministry explained that low-cost and labor-intensive products from China have<em style="box-sizing: border-box;" class=""> “considerably lowered”</em> the consumption cost for the
American consumer, all while helping the US deal with inflation. <em style="box-sizing: border-box;" class="">“The American consumers and enterprises will bear the brunt”</em> of a trade war with China, Hua noted.</p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">The spokeswoman also slammed <a href="https://www.cnbc.com/2018/03/15/white-house-official-navarro-us-can-institute-tariffs-without-causing-a-global-trade-war.html" target="_blank" rel="noopener noreferrer" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;" class="">statements</a> from
Trump’s economic adviser, Peter Navarro, who accused China of benefiting from bilateral trade much more than Washington benefits from trading with China.</p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class=""><em style="box-sizing: border-box;" class="">“In making his remarks, [Navarro] is a little bit too arrogant. He has apparently miscalculated the situation and underestimated China’s resolve and
capability to defend its own legitimate rights and interests as well as the price the US has to pay for its recklessness and willfulness,”</em> the spokeswoman noted.</p>
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US to China: Buy more American gas if you don’t want more tariffs <a class="link customisable" dir="ltr" title="https://on.rt.com/91qa" href="https://t.co/jdqQ4cQGoe" target="_blank" rel="nofollow noopener" data-expanded-url="https://on.rt.com/91qa" data-scribe="element:url" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;"><span class="u-hiddenVisually" style="box-sizing: border-box;">https://</span><span class="Tweet-complexLink" style="box-sizing: border-box;">on.rt.com/91qa</span><span class="u-hiddenVisually" style="box-sizing: border-box;"> </span></a></p>
<div class="Tweet-metadata dateline" style="box-sizing: border-box;"><a class="u-url long-permalink customisable-highlight u-linkBlend" href="https://twitter.com/RT_com/status/977211933228240898" data-datetime="2018-03-23T15:54:15+0000" data-scribe="element:full_timestamp" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;">11:54
AM – Mar 23, 2018</a></div>
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US “friendly” suggestion to China: Buy more American gas if you don’t want more tariffs — RT Business…</h2>
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Donald Trump’s economic adviser has a suggestion as to how China can avoid more tariffs on its goods – buy more liquefied natural gas (LNG) from America.</p>
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<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">Although the USTR was given 15 days by Trump to propose a list of Chinese products that will be targeted, China’s commerce ministry has already threatened to take legal action against the US
through the World Trade Organization. The ministry is also contemplating targeting 128 American products through an imposition of a 15 percent tariff on American steel pipes, fruit and on wine imports. It also wants to slap the US with a 25 percent tariff
on pork and recycled aluminum imports.</p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">Amid the looming threat of a trade war escalation, the World Trade Organization’s Director-General Roberto Azevedo urged the sides to talk, warning that there will be <em style="box-sizing: border-box;" class="">“no
winners”</em> in this confrontation.</p>
<p style="box-sizing: border-box; margin: 0px 0px 10px;" class=""><em style="box-sizing: border-box;" class="">“Disrupting trade flows will jeopardize the global economy at a time when economic recovery, though fragile, has been increasingly evident around
the world. I again call for restraint and urgent dialogue as the best path forward to resolve these problems,”</em> Azevedo said Friday.</p>
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<blockquote class="subject Tweet js-tweetIdInfo expanded h-entry" cite="https://twitter.com/InternetAssn/status/976875997122519045" data-tweet-id="976875997122519045" data-scribe="section:subject" style="box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; font-size: 17.5px; border-left-width: 5px; border-left-style: solid; border-left-color: rgb(238, 238, 238);">
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<p style="box-sizing: border-box; margin: 0px;" class=""><a class="Identity u-linkBlend TweetAuthor-link" href="https://twitter.com/InternetAssn" data-scribe="element:user_link" aria-label="Internet Association (screen name: InternetAssn)" style="box-sizing: border-box; background-color: transparent; color: rgb(8, 26, 219); text-decoration: none;"><span class="TweetAuthor-avatar Identity-avatar" style="box-sizing: border-box;"><img class="Avatar--edge Avatar" src="https://pbs.twimg.com/profile_images/938519996367486976/0MdDTGE4_normal.jpg" alt="" data-scribe="element:avatar" data-src-2x="https://pbs.twimg.com/profile_images/938519996367486976/0MdDTGE4_bigger.jpg" data-src-1x="https://pbs.twimg.com/profile_images/938519996367486976/0MdDTGE4_normal.jpg" style="box-sizing: border-box; border: 0px; vertical-align: middle; height: auto; max-width: 100%;"></span><span class="TweetAuthor-decoratedName" style="box-sizing: border-box;"><span class="customisable-highlight Identity-name TweetAuthor-name" title="Internet Association" data-scribe="element:name" style="box-sizing: border-box;">Internet
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<p style="box-sizing: border-box; margin: 0px 0px 10px;" class="">The Internet Association, a Silicon Valley lobbying group comprising such giants a</p>
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