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Stocks React as Trump Threatens Tariffs on All Chinese Imports

Donald Trump CNBC interview 7-20-18

Stock market index futures initially dropped in early Friday trading after President Donald Trump issued another threat to China over its unfair trade practices. The markets initially reacted to the president’s comments in a CNBC interview that aired Friday morning. Trump said he’s “ready to go” on tariffs against all Chinese imports worth over $500 billion. Dow futures dropped to ...

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Report: Apple Moves User Data To China, Despite Privacy Concerns

  by Eric Lieberman Apple recently gave control of certain user data to a Chinese state-owned telecommunications operator, after moving the information earlier in the year, according to multiple reports. Based off of a social media post published Tuesday by China Telecom, the company has taken charge of Apple’s iCloud system for Chinese users, TechCrunch reports. Before, users in that country had their ...

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Cicadas, the Latest Addition to Chinese Cuisine

Business reporter Harrison Jacobs accurately describes China as a “techno–authoritarian” state. Where the Nazis used inaccurate Phrenology and calipers to identify enemies of the state, China uses the latest in technology to constantly identify, monitor, exhort and if need be, round up recalcitrant citizens. The government’s reach is so pervasive that the fleeting appearance of a Taiwan flag emoji is ...

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President Trump orders additional $200 billion in tariffs on Chinese imports

In response to China’s unwillingness to grant fair access to its markets for U.S. goods and forced turnover of American technology, President Donald Trump ordered the United States Trade Representative (USTR) to identify additional Chinese imports that will have a duty placed on them. “China has determined that it will raise tariffs on $50 billion worth of United States exports. China ...

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Here’s why Trump’s announcement of 25% tariff on Chinese goods won’t end in trade war

China Shipping Tanker

President Donald Trump announced Friday that his administration would levy tariffs against China in response to decades of unfair trade practices and theft of American intellectual property. China has threatened retaliation, but there is little chance for a full-blown trade war. “Trade between our nations, however, has been very unfair, for a very long time,” the president said in a ...

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China Warns The US Will Not See Any Changes On Trade If Trump Pushes Ahead With Tariffs

trump-and-china-war-of-words

  by Ryan Pickrell China will not yield any ground or make any concessions on trade if the U.S. decides to implement President Donald Trump’s proposed tariffs, a Chinese statement carried by state media suggested Sunday. U.S. Secretary of Commerce Wilbur Ross arrived in Beijing Saturday for trade negotiations amid rising tensions between the U.S. and China. The Chinese delegation issued ...

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Trump Fights Back At China By Imposing Limits On Chinese Visas

Visa

  by Vandana Rambaran The State Department announced Tuesday it will shorten the length of visas issued to Chinese citizens to protect U.S. intellectual property, a promise outlined by the Trump administration in the president’s national security strategy in December. The National Security Strategy reads: “The United States will review visa procedures to reduce economic theft by non-traditional intelligence collectors.” The administration plans ...

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President Trump Confronts China’s Unfair Trade Policies

Donald Trump success

From now on, we expect trading relationships to be fair and to be reciprocal. – President Donald J. Trump President Donald Trump is continuing to stand up for American interests by taking long-overdue actions that address China’s unfair trade practices. In January 2018, the president announced his decision to provide safeguard relief to United States manufacturers injured by surging imports ...

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Trump To Hit China With Billions Of Dollars In Trade Penalties, White House Reveals

trump-and-china-war-of-words

  by Ryan Pickrell The Trump administration revealed Tuesday that it still intends to crack down on unfair Chinese trade practices, including the theft of American intellectual property, despite cooling trade tensions. To protect the so-called “crown jewels” of American technology and defend American interests against “harmful acts, policies, and practices that China uses to acquire our intellectual property,” the ...

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China Readies For Combat After US Warships Challenge Beijing’s Contested Claims To The South China Sea

Chinese Navy Ship

  by Ryan Pickrell The South China Sea is once again rapidly becoming a major point of contention between Washington and Beijing, with both sides refusing to back down. Two U.S. Navy warships — the Arleigh Burke-class guided-missile destroyer USS Higgins and Ticonderoga-class guided-missile cruiser USS Antietam — conducted a freedom of navigation operation (FONOP) in the South China Sea ...

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FBI Issues Warning: Reboot Your Internet Router

Hacking - User -Colin Wikimedia Commons CC-BY-SA-4.0

  by Kyle Perisic The FBI issued a warning Friday to Americans with internet routers in their homes or offices to reboot their routers immediately after the agency discover hundreds of thousands of routers had been compromised by foreign actors. “The FBI recommends any owner of small office and home office routers power cycle (reboot) the devices,” the warning said. “Foreign ...

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Apple Says It Will Start Telling Public When Government Wants To Shut Down Apps

Apple logo

  by Eric Lieberman Apple revealed Friday that it will start publishing reports on government requests to shut down apps on its software platform. The new policy, announced in its bi-annual transparency report, is potentially in response to intensified criticism Apple receives for sometimes capitulating to foreign officials’ commands. China, for example, has been trying to clamp down on certain technological capabilities that empower people with digital freedoms, ...

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Trump Touts Huge Trade Victory For American Farmers In Deal With China

Donald trump tweeting

  by Ryan Pickrell President Donald Trump tweeted Monday morning that a trade deal with China is likely to greatly benefit American farmers, targets in a heated trade war that appears to be cooling. “China has agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products,” Trump tweeted, adding that the trade deal in the works “would be one of the best ...

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Treasury’s Mnuchin Says US Putting Trade War With China ‘On Hold’

Steven Mnuchin

  by Will Racke The U.S. and China are backing off threats to hit each other’s exports with tariffs while they work on a larger trade agreement, Treasury Secretary Steven Mnuchin said Sunday. “We are putting the trade war on hold. Right now we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin told Fox News ...

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Trade talks: China to substantially reduce U.S. trade deficit

China Shipping Tanker

A U.S. – China trade delegates met in Washington, D.C. and agreed that China would take “effective measures to substantially reduce the United States trade deficit” with the large Asian nation. “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This ...

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