23:33 [Strategika 51] (E)
If Washington’s goal was to pressure and isolate China by targeting smartphone giant Huawei, it seems to have accomplished the exact opposite. In the process, the US has only accomplished in exposing its own growing weakness and unreliability as a trade partner amid a much wider, misguided and mismanaged “trade war.”
0:36 [South China Morning Post] (E)
Helping bolster trade and supply routes in developing parts of the world are to Beijing’s advantage and it has all to lose by impoverishing nations
17:57 [rt] (E)
India has imposed higher tariffs on 28 US products, including almonds, apples and walnuts, in response to Washington’s withdrawal of key trade privileges for New Delhi.
6:48 [Global Times] (E)
Leading US industries such as cars and high technology are highly dependent upon the Chinese market, which creates great demand for US products, a Chinese economist told the Global Times on Sunday.
21:43 [Alt-Market] (E)
When discussing the fact that globalists often deliberately engineer economic crisis events, certain questions inevitably arise. The primary question being “Why would the elites ruin a system that is already working in their favor...?”
9:38 [ZeroHedge] (E)
In his latest act of aggressive protectionism in what has already been an action-packed week, Trump late Friday announced that his administration was terminating India`s designation as a developing nation under a trade program that allowed Indian exporters to ship 2,000 products into the US duty free. The decision to revoke India`s preferential trade status, which mirrors Trump`s decision to revoke Turkey`s status under the program a few weeks back, comes one day after Modi was sworn in for a second term.
9:16 [The Vineyard of the Saker] (E)
The US economic war on China – at least for now – is not as hardcore as the US economic war on Russia, which is not as hardcore as the US economic siege or blockade of Iran. Yet all three wars carry the potential to degenerate in a flash. And we’re not even counting the strong possibility of an extra Trump administration economic war on the EU. It’s no accident that the current economic wars target the three key nodes of Eurasian integration. The war against the EU may not happen because the main beneficiaries would be the Russia-China-Iran triumvirate.
21:30 [German Foreign Policy] (E)
Infineon is the first German company to be caught between the firing lines of the US economic war against China. Yesterday, the Trump administration began to enforce the implementation of its boycott against the Chinese Huawei telecommunication group that it had announced just last Wednesday.
15:25 [China Daily] (E)
Huawei Technologies Co said on Monday that it will continue to provide security updates and after-sales services for all its smartphone and tablet products, covering those that have been sold and that are in stock globally. The announcement came after Google announced on Monday that it has restricted Huawei`s access to updates of its Android operating system and some mobile services in compliance with US government curbs on the Chinese tech company.