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Trade Impasse: Trump Pledges $16B to Farmers as Markets Buckle
"Financial markets buckled Thursday on heightened tensions between the U.S. and China. The Dow Jones industrial average was down more than 400 points in afternoon-day trading. U.S. crude PLUNGED 6% on fears that the trade standoff could knock the global economy out of kilter and kill demand for energy.
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" 'The president feels that China is paying for this program through the tariffs,' Perdue said.
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"'The thought of the government taking my money and giving it to farmers as subsidies to support their loses [sic] doesn't sit well,' Foreman said by email. 'It's not fair to take money from a Florida company to support an Iowa farmer! Farmers don't want welfare. I'm sure they, like us, just want open free markets to trade in!'"

UK, Japan Mobile Operators Suspend Huawei 5G Phone Launches
"The Trump administration's order last week cuts Huawei's access to American chips and Google, which makes the Android operating system and services for its smartphones."

Xi Jinping calls for ne 'Long March' in dramatic sign that China is preparing for a protracted trade war
Sun Tzu.X.24

Diversity is the key to economic and political evolution.

by Cat on Thu May 23rd, 2019 at 11:22:01 PM EST
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China state TV carries Daily Show spot on Huawei lead in 5G
Memorial Day message received

reference
The Coming War on China, (2016) running time 01:49:49

ERIC X. LI: I make the joke how in America you can change political parties, but you can't change the policies. In China you cannot change the party, but you can change policies. So in sixty-five or sixty-six years China's been run by one single party, yet the political changes that have taken place in China these past sixty-six years have been wider and broader and greater than probably any major country in modern memory. China is a market economy, and it's a vibrant market economy, but it is not a capitalist country. Here's why. There's no way a group of billionaires can control the politburo as it does American policy-making. So in China you have a vibrant market, but capital does not rise above political authority. Capital does not have enshrined rights. In America capital, the interest of capital and capital itself, has risen above the American nation. The political authority cannot check the power of capital. And that's why America is a capitalist country, but China is not.
Edgar Snow's Account of "The Long March" (1934-1936)
Hoover Institution Digital Collection, "Department's White Paper on China" (Transmittal Letter). US Department of State, July 29, 1949
Cast Away Illusions, Prepare for Struggle , August 14, 1949

Diversity is the key to economic and political evolution.
by Cat on Mon May 27th, 2019 at 05:14:45 PM EST
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