Joe Biden Announces Tariffs on Non-Existent Products from Non-Existent Origination Country – Here’s Why


Posted originally on the CTH on May 14, 2024 | Sundance

BlackRock investment firm writes the regulatory and economic policy for Joe Biden’s administration. That’s the quid-pro-quo that maintains the Biden political financial operation. All of DC know it. No one does not know. The one’s who claim they do not know about it are all pretending. Republicans take the background BlackRock bribes and pretend.

BlackRock positioned massive investment assets inside Chinese auto manufacturers, MG, BYD, and Chery. The three Chinese companies are in the process of moving North American auto manufacturing to Mexico, specifically to make EV’s. The Chinese EV’s made in Mexico will come into the U.S market tariff free under the USMCA trade agreement. China and BlackRock will make billions.

Today Joe Biden announced a series of tariffs against China in the EV industry. [SEE HERE] The Chinese EV’s are not being made in China. The tariff regime is a farce a total joke.

Biden might as well be announcing tariffs on Chinese swimming pools flown into the USA via hot air balloon.  There will be more Chinese swimming pools delivered from China than Chinese EV’s.  The Chinese EV’s come from Mexico.  The tariff is fake.

WHITE HOUSE […] To further encourage China to eliminate the acts, policies, and practices at issue, and to counteract the burden or restriction of these acts, policies, and practices, the Trade Representative shall modify the two actions to increase section 301 ad valorem rates of duty for the following products from China:

  • Battery parts (non-lithium-ion batteries):  Increase rate to 25 percent in 2024;
  • Electric vehicles:  Increase rate to 100 percent in 2024;
  • Lithium-ion electrical vehicle batteries:  Increase rate to 25 percent in 2024;
  • Lithium-ion non-electrical vehicle batteries:  Increase rate to 25 percent in 2026;
  • Natural graphite:  Increase rate to 25 percent in 2026;
  • Other critical minerals:  Increase rate to 25 percent in 2024; (read more)

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None of this stuff is coming from China.  It is all coming from Mexico via transnational shipping and Chinese manufacturing in Mexico. [Check Date]

On the EV issue, this tariff approach is politically duplicitous by Biden against the backdrop of massive investment in Mexico by the three largest Chinese EV automakers. Last December the three Chinese auto manufacturers, MG, BYD, and Chery, announced they were going to spend billions building new EV manufacturing plants in Mexico.  Each Chinese auto manufacturer was going to spend between $1.5 to $2.0 billion.

Those Mexican built Chinese EV’s would pass into the USA market under current USMCA trade rules and regulations, as long as they technically meet the material origination rules.  This can make tariffs against the Chinese imported EVs a moot point, because China will be making them in Mexico (North American trade agreement).

One of the reasons President Trump said the U.S. auto industry would suffer a “bloodbath,” is specifically because the current Chinese auto companies are targeting these EV’s in the $10,000 or less range.  If you want to see what it looks like when cheap Chinese EV’s start to flood a consumer market, visit Russia – the western sanctions have only increased this flow.  I can see it clear as day.

China plans to pump out thousands of cheap, what I would consider semi-disposable, electric cars into the USA market. That’s why they have invested so heavily in Mexico.  Keep in mind, Blackrock (a Biden benefactor investment firm) is enmeshed with this Chinese move.

This tariff claim by the Biden administration on “import Chinese EV’s” is optics only for political benefit.  Whereas the 100% tariffs proposed by Donald Trump specifically target Chinese EV’s made in Mexico.

Stand back and elevate your thinking on this Chinese EV issue; the substance of it is a consequence of a much larger dynamic.  It is somewhat of a self-fulfilling prophecy.

There is a cleaving underway, a dedollarization that continues in global trade.  Nations are no longer relying (dependent) on dollars as the baseline for trade parity; they are determining their own nation to nation trade valuations outside the use of the dollar as a benchmark.

The result of this dedollarization taking place is massive inflation inside the USA that continues as the dollar (yellow zone) is weakened against the increasingly non-dollar-aligned world (grey zone).  The frequency of dollar use is lessening as alternatives are being used.

Trade into the yellow zone still requires a benchmark of dollars, but bilateral trade within the grey zone increasingly does not.  This is the root of the global financial and economic cleaving.  Mexico is not stupid.

China is trying to position their transportation sector (auto, planes, trains and mass transit manufacturing) as Apple manufacturing is to cell phone use.  Some of these disposable Chinese electric vehicles are actually impressive, which makes sense when you consider that China steals the engineering and design elements from knuckleheaded western corporations who use China for industrial manufacturing (see Tesla etc).

Does China Control America’s Strategic Petroleum Reserves?


Posted originally on Apr 19, 2024 By Martin Armstrong 

Sen. Eric Schmitt, R-Mo. Reminded the US Energy Secretary, Jennifer Granholm, “We are not governed by a world government – yet!” The Biden Administration consulted with China before selling off America’s strategic petroleum reserves. In 2021, Granholm admitted that she spoke with the Chinese Communist Party about coordinating how America would handle its nation’s highly sensitive emergency oil reserves.  “Does [China] call you to ask about decisions on what to do with their strategic petroleum reserve?” Schmitt questioned.

Granholm followed the Biden Administration protocol and blamed Russia’s invasion of Ukraine. She stated that America was simply insisting that the world operate in a coordinated effort to supply other nations with oil amid a shortage, a shortage that was directly caused by the West. China now has a large stockpile while America has a depleted supply. The reserves have been depleted for years and the people in charge never bothered to replenish America’s stockpile.

Instead, 900,000 barrels were sold to China through Sinopec, a Chinese corporation “which in turn had received billions of dollars from BHR Partners.” This private equity firm just so happens to be co-founded by none other than Hunter Biden, who owns a 10% stake in the company. The public must realize the implications of having a president who has been bought and paid for. I do not criticize Hunter or Joe to simply dismiss the Democrats, I have been trying to expose how major decisions regarding America’s future have been biasedly made by people profiting from shorting America.

It seems as if Joe Biden is making it increasingly easier for China to succeed at the expense of America. The latest round of proposed tariffs will simply make it easier for China to shy away from trade with the US. China was once the largest debt holder of US national debt, a figure that continues to grow every second. China is no longer lining up to purchase our debt. Why would a nation buy the debt of its enemy? That is akin to pulling a gun on someone and asking them for money to pull the trigger.

The rule of law in America has been distorted and there are two tiers of justice. The Biden crime family is above the law. Did Joe Biden put America’s future at risk for personal profit? There MUST be a serious investigation into Joe’s ties with the CCP and Ukraine because we have not yet witnessed the full repercussions of having a treasonous commander-in-chief.

Chairman Xi New Year Message About Taiwan: “China will surely be reunified”


Posted originally on the CTH on January 1, 2024

In his New Year message to the people of China, Chairman Xi Jinping affirms the intention to unify Taiwan with China.

[Full Translation HERE] From the speech:

“We will continue to support Hong Kong and Macao in harnessing their distinctive strengths, better integrating themselves into China’s overall development, and securing long-term prosperity and stability. China will surely be reunified, and all Chinese on both sides of the Taiwan Strait should be bound by a common sense of purpose and share in the glory of the rejuvenation of the Chinese nation.”  ~ Chairman Xi Jinping (link)

This is sure to create anxiety amid the DC interventionists within the U.S. foreign policy establishment.  However, with the USA bogged down in two regional conflicts, Israel/Gaza and Ukraine/Russia, the window for China to influence the Taiwan election is wide open.

ALJAZEERA – […] Beijing’s policy towards the self-ruled island it claims as its own will again be under the spotlight when voters in Taiwan go to the polls on January 13 to choose a new president and parliament, and the United States will be watching closely.

At the moment, William Lai Ching-te, the incumbent vice president and the candidate of the ruling Democratic Progressive Party (DPP), is expected to emerge the winner.

That result would likely rankle Beijing, which portrays Lai as a “separatist” bent on independence and ensure continued tension across the narrow strait that separates the island from China.

“Washington is well prepared to deal with any choice that the Taiwan electorate makes, but there’s certainly going to be different opportunities and challenges depending on what the results of the election are,” Rorry Daniels, the managing director of the Asia Society Policy Institute, told Al Jazeera, adding that the US would be considering strategies for the “appropriate political signals” to deter any Chinese military responses. (more)

China Extends Olive Branch to US Re-Posted Nov 17, 2023 By Martin Armstrong 


China US Trade War

The Asia-Pacific Economic Cooperation (APEC) summit concluded with China and the US agreeing to partner on trade military strategy. The love-hate relationship between America and its largest trading partner has been strained for may years and completely counterproductive. China’s President Xi Jinping made it clear to Biden that the US is either for or against them.

“If we regard each other as the biggest rival, the most significant geopolitical challenge and an ever-pressing threat, it will inevitably lead to wrong policies, wrong actions and wrong results,” Xi explained. “China is willing to be a partner and friend of the United States.”

America’s leader, sadly, appeared utterly incapable of having a conversation with Xi. In an embarrassing chain of events, Joe Biden managed to anger China by once again referring to Xi as a dictator. “He’s a dictator in the sense that he is a guy who runs a country… based on a form of government that is totally different from ours,” the man who received the most votes in US history stated. Chinese media has not reported Biden’s comments, and Xi has agreed to send US zoos giant pandas to appease the mindless masses like our president.

The real question remains – can the US stay away from Taiwan? Xi called the issue “the biggest, most dangerous issue in US-China ties,” as the neocons have been extremely vocal about their willingness to defend Taiwan. “China has never bet on the United States to lose, has never intervened in US internal affairs and does not intend to challenge or replace the US. China is happy to see a confident, open and prosperous US,” Xi stated, making it clear that China is focused on advancing economically and not going to war with America.

China’s willingness to partner with the US correlates with its current economy. Foreign investment into China fell to negative territory for the first time since 1998. Now, Chinese leaders want to put differences aside and work with America’s private sector. China has been attempting to mirror America’s business economy since 1978 and embark on a path of capitalistic consumerism.

Every promise will fall to the wayside if the US does not respect the One China policy in regard to Taiwan. China cares not about its other allies and their ongoing wars at the end of the day. Taiwan is the key piece that could make or break US-China relations for generations to come.

China Moves Six Warships into the Middle East Amid Rising Tensions


Posted originally on the CTH on October 21, 2023 | Sundance 

Please remember the global economics of the thing always aligns with the motives and outcomes of the thing.  Remember, Saudi Arabia just joined the BRICS coalition, BRICS+.

A new report shows China is moving six additional warships into the Middle East amid concerns the Israeli War could expand into a larger regional conflict.   China is aligned with multiple interests; and cunning Panda also supports the Biden administration end goal of a two-state solution in Israel.

(UK EXPRESS) – China has deployed six warships to the Middle East as the conflict between Israel and Hamas escalates, according to reports.

The 44th naval escort task force – from the People’s Liberation Army (PLA) Eastern Theatre – has been involved in routine operations in the region and spent several days in Oman last week.

The Chinese warships left Muscat for an unspecified location on Saturday after participating in an exercise with the Omani navy.

The task force includes the Zibo, a guided missile destroyer, the frigate Jingzhou, and the supply ship Qiandaohu – all of which will be stationed in the Middle East as Israel prepares for a ground invasion of Gaza.

During the visit to Oman, Chinese commanders met with Omani military officials and visited military institutions, while sailors from both countries toured shops and even organized a basketball game, according to a state news agency.

Since arriving in the Gulf of Aden north of Somalia six months ago, the PLA task force has been involved in escort missions for shipping.

However, it handed over its mission to the 45th task force – from the PLA’s Northern Theatre command – earlier this month.

Chinese leader Xi Jinping said on Thursday that a two-state solution to establish an independent Palestine is the “fundamental way out” of the Israel-Hamas war. (read more)

We need to keep watching these developments closely.

The U.S. has positioned two carrier battlegroups in the Mediterranean.   One group contains the USS Carney, an Arleigh Burke-class destroyer assigned to USS Ford Carrier Strike Group 12.  The Carney traveled through the Suez Canal Wednesday and immediately intercepted 4 cruise missiles and 11 drones from an unknown origin with an unknown destination. {Go Deep}

The original Pentagon statement has not changed in the past 48 hours.  Unknown origin, unknown target.  The missiles entered the protection zone of the strike group, so we shot them down.

All of the follow-up reporting about Yemen and Israel, as the origination and target respectively, has come from high level “U.S. government officials,” not the military.   That approach indicates a sensitive political matter, with the Biden administration (State Dept, NSC and Intel) guiding and controlling public information very carefully.

If you just stick to the Pentagon as the source of information, there has not been a change since the original report to the media.

Something remains sketchy.   I’m still not sure what it is, but something is not passing the sniff test.

China now moves six additional ships into the region.

What interests specifically is China planning on defending?

Also, Asia Times 

Iran and Saudi Arabia – Mutual Friends


Armstrong Economics Blog/World Trade Re-Posted Jun 7, 2023 by Martin Armstrong

Iran and Saudi Arabia are now mutual friends through China. The two countries had been sworn enemies since the beginning of time, representing conflicting Shiite and Sunni Muslim groups that have been battling since their religion was founded. They were murdering one another through a proxy war in Yemen that has left over 150,000 dead. Then the unthinkable happened – the two nations came together at the request of China and made amends.

Chinese President Xi Jinping made them an offer they couldn’t refuse – the potential to form a strong alliance through trade without Western influence. Saudi Arabia issued a shocking press release in March, given the deep hatred it had for Iran. Saudi Arabia stated it was keen on “developing good neighborly relations…in light of their brotherly ties.”

Now, Iran announced it is reopening its embassy in Saudi Arabia as the two continue to put their differences aside for the prospect of economic prosperity. The embassy closed abruptly in 2016 after Saudi Arabia executed a Shiite cleric, leading to mass protests outside the embassy in Tehran. Riyadh and Tehran have not had diplomatic relations since.

Iran and Saudi Arabia would like to join the BRICS alliance between Brazil, Russia, India, China, and South Africa. If the two nations join, all major energy exporters will be within this alliance. BRICS currently contains 42% of the global population and over a quarter of the global economy. There would be absolutely no need for Western interference, and the threat of sanctions would hold little meaning. Saudi Arabia has already begun settling some oil transactions in the yuan instead of the dollar. Iran has been aggressively trading with the bloc; non-oil trade between BRICS and Iran reached $38.43 billion in the 2022-2023 fiscal year, marking a 14% year-on-year increase. China is Iran’s top trading partner in the BRICs alliance, with $30.32 billion of the aforementioned funds going directly to Beijing. An alliance could mean economic domination.

China seems to have done the unthinkable by brokering a peace treaty between the two nations. Opening an embassy signals that the countries are now ready to begin diplomatic relations once again. The BRICS alliance is growing stronger by the day, and there are rumors of the UAE, Egypt, Algeria, Bahrain, and even Turkey requesting to join. As our models have been warning, China is posturing itself to claim the throne of the financial capital of the world by 2032.

Youth Unemployment in China


Armstrong Economics Blog/China Re-Posted Jun 1, 2023 by Martin Armstrong

Chinese youth are struggling to find jobs in urban areas. Unemployment for the 16-to-24 demographic reached a new high in April at 20.4%. Youth unemployment has steadily risen this year after reaching 17.3% in January, 18.1% in February, and 19.6% in March. These young adults were born under the one-child policy that has since been repealed, adding more pressure to succeed to help support their families.

The main change here is that this generation is highly educated. Working in the countryside or in blue-collar roles became less appealing as the opportunity to attend college became widely available. Additionally, China is shifting to a consumer country, and high-paying jobs in the city are more desirable. Chinese students are encouraged to study STEM and seek out top-earning positions. There were 96.37 million people aged 16 to 24 living in urban areas as of March, and 64.18 million were unable to participate in the workforce as the majority were students. Those students are now graduating, and many will be unable to find work in their field of study, similar to most nations.

Unemployment remains low among the “main labor force” aged 25 to 59, but Chinese youth will need to compete for highly desirable jobs in the cities. The new generation is smart, highly educated, and willing to work. But competition will be fierce.

America’s biggest threat – China


Newsmax TV Posted originally on Rumble on February 15, 2023

A Record Number of Americans Say They Are Worse Off Financially Since Joe Biden Took Office


Posted originally on the CTH on February 5, 2023 | Sundance

According to the latest ABC/WaPo polling [Full pdf Here], 41% of Americans say they are worse off financially under Joe Biden.  That is the highest negative response to the question in the 37-year history of ABC polling.

Yet we are supposed to believe voters suffering under the worst financial outlooks in 40-years rewarded Joe Biden just two months ago with support for his Democrat Party and candidates?   Something is just not adding up.

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[Full Poll Data Here]