Tag Archives: China

Pentagon Contractor Charged In “Made In USA” Scam

Courthouse News reports: Federal prosecutors unsealed an indictment Thursday that charges a Long Island tech company with rebranding Chinese-made security equipment as “Made in the U.S.A.” before selling them to the U.S. military. The complaint takes aim at Aventura Technologies Inc., run by Jack Cabasso, which allegedly raked in $88 million, including more than $20 million in federal government contracts, …

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Axios: Bannon Funded By Fugitive Chinese Billionaire

Axios reports: The mystery of who’s funding Steve Bannon’s work has been at least partly solved: Guo Media, a company linked to a controversial Chinese billionaire, has contracted Bannon for at least $1 million for “strategic consulting services,” according to contracts obtained by Axios. The billionaire fugitive — a man named Guo Wengui, also known as Miles Kwok — is …

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Senate Seeks Security Probe Of Chinese-Owned TikTok

The Washington Post reports: Two senior members of Congress, Senate Minority Leader Charles E. Schumer (D-N.Y.) and Sen. Tom Cotton (R-Ark.), asked U.S. intelligence officials late Wednesday to determine whether the Chinese-owned social-networking app TikTok poses “national security risks.” In a letter to Joseph Maguire, the director of national intelligence, the lawmakers questioned TikTok’s data-collection practices and whether the app …

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Mnuchin Warns Of Tariffs Hike If China Deal Fails

ABC News reports: Treasury Secretary Steven Mnuchin warned of a coming tariff hike if China does not finalize the specifics of a newly negotiated partial trade deal announced by President Donald Trump last week. The tariffs on 15% of $160 billion worth of Chinese goods impacting consumer electronics– cellphones, laptops, toys–would go into effect by Dec. 15. It was previously …

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Ted Cruz And AOC To NBA: Suspend Ops With China

Deadspin reports: A day after NBA commissioner Adam Silver released a statement wondering whether everyone couldn’t just get along and enjoy some hoops, eight members of Congress, including Alexandria Ocasio-Cortez and Ted Cruz, signed a letter to Silver condemning the the NBA’s response to the controversy over Daryl Morey’s tweet supporting Hong Kong protestors. Perhaps basketball can bring everyone together. …

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China Bans South Park For Mocking Their Censorship

From the Hollywood Reporter: South Park creators Trey Parker and Matt Stone probably saw this coming, and to their credit, simply didn’t care. The most recent episode of South Park, “Band in China,” has been generating loads of media attention for its sharp critique of the way Hollywood tends to shape its content to avoid offending Chinese government censors in …

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NBA Backs China Over Hong Kong Democracy Activists

CNN reports: Several Chinese businesses are suspending ties with the Houston Rockets after the American basketball team’s general manager expressed support for Hong Kong’s pro-democracy protests. Daryl Morey [photo] set off a firestorm in China over the weekend when he posted an image on Twitter that read, “Fight for freedom, stand with Hong Kong.” Tensions between Hong Kong and Beijing, …

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Trump Brought Up Biden, Warren To Chinese President

CNN reports: Thursday’s comments weren’t the first time Trump has injected Biden into his relationship with China, though he said Thursday he has never pushed Xi to investigate the former vice president. Nor is it the first time he has sought to trade favors with Xi, who this week celebrated the 70th birthday of his ruling communist party with a …

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Trump Asks China To Investigate The Bidens [VIDEO]

Because nothing matters anymore: President Trump on Thursday called on both Ukraine and China to investigate former vice president Joe Biden and his son Hunter in relation to the younger Biden’s business dealings during the tenure of the former vice president. He comments came as Kurt D. Volker, who resigned last week as the Trump administration’s special envoy for Ukraine, …

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UN Head Warns Of World Divided Between US & China

The Associated Press reports: U.N. Secretary-General Antonio Guterres warned global leaders Tuesday of the looming risk of the world splitting in two, with the United States and China creating rival internets, currency, trade, financial rules “and their own zero sum geopolitical and military strategies.” In his annual “state of the world address” to the General Assembly’s gathering of heads of …

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Trump’s $28B Bailout Of US Farmers (With More To Come) Is Over Twice Obama’s 2009 Bailout Of Detroit

Bloomberg Business reports: China hawks in Trump’s administration want Beijing to quit subsidizing strategic industries, yet that hasn’t deterred the White House from doling out billions in aid to American farmers, who have become more dependent on government money than they’ve been in years. At $28 billion so far, the farm rescue is more than twice as expensive as the …

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Winning: US Exports To China Plummet Another 22%

Axios reports: Imports of American products to China dropped to $10.3 billion in August, down 22% from the same month last year. Chinese exports to the U.S. also plummeted to $44.4 billion in August, down 16%. China’s trade surplus with the U.S. shrunk to $31.3 billion in August, down $27 billion from a year prior. Both sides of the escalating …

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Hong Kong Leader Withdraws Bill That Ignited Protests

The New York Times reports: Carrie Lam, Hong Kong’s chief executive, said on Wednesday that she was withdrawing a contentious extradition bill that set off months of protests in the city, moving to quell the worst political crisis since the former British colony returned to Chinese control 22 years ago. The move eliminates the major objection among protesters, but it …

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Chinese Spox: Trump Totally Lied About Us Calling Him

CNBC reports: One day later, China is still insisting no phone calls took place over the weekend that President Donald Trump claimed showed its willingness to talk again. “I have not heard of this situation regarding the two calls that the U.S. mentioned in the weekend,” Chinese Foreign Ministry spokesman Geng Shuang said at press conference on Tuesday. He had …

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China Denies Trump’s Claim They Called To Make Deal

NBC News reports: President Donald Trump said U.S. and Chinese officials spoke Sunday and he is optimistic China wants to make a deal after the trade war between the two countries escalated in recent days. “They want to make a deal,” Trump told reporters Monday. “That’s a great thing.” Speaking to reporters, Trump heaped praise on Chinese President Xi Jinping …

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Trump: I Can Totally Make Companies Cut Off China

The Hill reports: President Trump defended his declaration on Friday that American companies were “hereby ordered” to find alternatives to manufacturing in China, claiming that the 1977 International Emergency Economic Powers Act gave him the power to make such a pronouncement. Trump had previously cited the 1977 Act, which gives the president the power to regulate commerce during exceptional international …

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The Chosen One Raises Tariffs On China Again

CNBC reports: President Donald Trump will hike tariff rates on most imports from China in response to the latest shots in the trade war between the world’s two largest economies, he said Friday. The White House will raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1, the president tweeted. The tariffs on another …

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YouTube Spikes 200+ Hong Kong Disinfo Channels

The Verge reports: Google just published a blog post revealing that it has disabled 210 YouTube channels that the company says “behaved in a coordinated manner while uploading videos related to the ongoing protests in Hong Kong.” Google cites the behavior as being “consistent with recent observations and actions related to China announced by Facebook and Twitter.” The accounts were …

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Trump Rages Against “Enemy” Federal Reserve Chair, “Orders” US Companies To Stop Working With China

CNBC reports: President Donald Trump again ripped into Federal Reserve Chairman Jerome Powell on Friday, questioning whether he is a “bigger enemy” to the United States than Chinese President Xi Jinping. Trump tweeted his attack, which misspelled the central bank chief’s name before it was corrected, not long after Powell delivered a speech in Jackson Hole, Wyoming. As he uses …

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China Retaliates With Additional $75 Billion In Tariffs

CNBC reports: China said Friday it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos. The Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods in two batches effective on Sep. 1 and Dec. 15. It also said a 25% tariff will …

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