China’s Flood of Cheap Goods Is Angering Its Allies, Too The deluge of inexpensive items washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts trade ... 12/2/2024 - 4:03 pm | View Link
China Market Update: City Consumer Voucher Rollout Raises Related Stocks Apple and Huawei’s ecosystems were mixed as Trump’s tariff threat offset Tim Cook’s second China visit this month and the launch of Huawei Mate 70, which includes the ability to call via satellite. 11/26/2024 - 2:19 am | View Link
Lutnick's China Ties Draw Fire After Trump Taps Him to Lead US in Trade War The financial services firms helmed by Lutnick have profited from ties to China, from BGC Group, which has a joint venture in Beijing with Chinese-state owned China Credit Trust, to Cantor Fitzgerald, ... 11/20/2024 - 3:12 pm | View Link
Trump loves tariffs. Will the rest of America? If enacted, his unprecedented plan to hike the taxes on imported goods could remake world trade — and squeeze US consumers. 11/19/2024 - 10:45 pm | View Link
China Raises Local Government Debt Ceilings to Revive Economy U.S.-listed shares of Chinese firms fell in pre-market trade, while China exposed-sectors in Europe also fell. The offshore Chinese yuan was last down around 0.4% ay 7.1746 per dollar. 11/7/2024 - 4:19 pm | View Link
“Sen. George Helmy (D-NJ), a caretaker appointee whose days in the Senate were numbered from the moment he was sworn in, will step down on Sunday, December 8, with Senator-elect Andy Kim (D-NJ) slated to take his place the following day,” the New Jersey Globe reports.
“Incoming Senate Majority Leader John Thune said Tuesday that he wants to pass a reconciliation package within the first 30 days of Donald Trump taking office,” Punchbowl News reports.
“Thune told GOP senators at a closed-door policy retreat that the measure, which he described as ‘highly impactful,’ would include non-tax policy items like border security, defense and energy.”
“This is a highly ambitious timeline, and it will be difficult to convince the Senate parliamentarian that all of these provisions would fall under the reconciliation rules.
“President-elect Donald Trump offered billionaire investor Stephen Feinberg the job of deputy defense secretary, said people familiar with the matter, a decision that could elevate a longtime political supporter with investments in defense companies that maintain lucrative Pentagon contracts,” the Washington Post reports.
Garrett Graff: “It goes almost without saying that Kash Patel, whom Donald Trump picked over the weekend to lead the FBI, is supremely unqualified to direct the nation’s premier federal law enforcement agency…”
“Yet the Patel selection stands out as more concretely dangerous and worrisome than many of the other questionable Trump choices.
Sen. Jon Tester (D-MT), who lost his reelection bid last month, is not particularly interested in addressing the latest D. C. drama surrounding President Biden’s pardon of his son, Mediaite reports.
Said Tester: “I’m about to get the fuck out of here. Ask somebody else.”