Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the U.S. package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others.

Suddenly :-)

Whole stories of "worldwide corporations who have no relation to national interests" went away instantly.

A major scientific society has banned employees of Huawei, the Chinese communications giant, from reviewing submissions to its journals because of U.S. government sanctions against the company.

The New York City–based Institute of Electrical and Electronics Engineers (IEEE) told editors of its roughly 200 journals yesterday that it feared “severe legal implications” from continuing to use Huawei scientists as reviewers in vetting technical papers. They can continue to serve on IEEE editorial boards, according to the memo, but “cannot handle any papers” until the sanctions are lifted.

Just nice.

So, next time someone will tell you about non class and free international science - you can spit at his happy face.

New moves

On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied at which time the Tariffs will be removed. Details from the White House to follow.

White House warned that it will hike Mexico tariffs to 25% by October 1, if the border crisis persists.

The U.S. imported almost $350b worth of goods from Mexico in 2018.

Trump gradually reduce US citizens real consumption. May be under MAGA times he meant 19th century?

Border crisis can be solved only by solving the only cause of it - extreme inequality. Of course, as I said above Trump is doing something in this regard by making US citizen more and more poor each month, but too slow, and to small.

US public corporations have quarterly financial reporting, so it is always a 3 month race. If you miss the top and/or bottom lines, may be CEO/CFO will be willing to wait for 1 more quarter assuming they buy into your plan B. Two quarters of missed targets, then headcount reduction is next for the base of the pyramid. I have been there, as head of several product lines, it was ugly, stressful on all fronts. Now, 70% of US GDP is hinged on US consumers. If US consumers start spending less, the GDP is going to take a hit at a time when debt is $22T. Less spending, fewer people needed, more store closing, increased house and car mortgage defaulting, fewer tax revenues, not withstanding more sick people with no health insurance and possible bank problems are next?

U.S.-China Trade War Portends Painful Times for U.S. Semiconductor Industry

Tight trade policies, these semiconductor industry veterans expect, will hurt the U.S. industry more than China. “The consumption of semiconductors in China is 40 to 50 percent” of the world supply, said French. “And that number is going to go up whether we sell to them or not.” Can China’s tech industry really do just fine without U.S. chips? The panelists debated the question.

“I think China is going to struggle with memory,” Hutcheson said. “In memory, the costs are in the equipment and the efficiencies of running the fab; only 5 percent of the cost is labor. That is going to be difficult for them, to have to get materials and equipment from around world.”

https://spectrum.ieee.org/view-from-the-valley/semiconductors/processors/china-trade-war-portends-period-of-pain-for-semiconductor-industry?fbclid=IwAR3TaPgvSNMC8YB8TL8WOEOB6puLJfWKSHpL2RliibAI7CVOj5cEkYfE9gU

For all of the money we are spending, NASA should NOT be talking about going to the Moon - We did that 50 years ago. They should be focused on the much bigger things we are doing, including Mars (of which the Moon is a part), Defense and Science!

I think issue with Mexico had been that he considered it to be part of China, but now confusion is resolved

President Trump backed off his plan to impose tariffs on all Mexican goods and announced via Twitter on Friday night that the United States had reached an agreement with Mexico to reduce the flow of migrants to the southwestern border.

India joins

India just increased tariffs on US exports, dealing another blow to fragile global trade.

The tariffs on several US products will go into effect on June 16, India's Finance Ministry said in a statement Saturday. The goods targeted include American apples — which will be hit with a 70% tariff — as well as almonds, lentils and several chemical products.

in fact, wasn't much of the wealth of the West stolen from China, India, Africa, rest of the world? :)

In 1820, before the first Opium War, China's economy was the largest in the world, ... Furthermore, China was a net exporter, and had large trade surpluses with most Western countries. Within a decade after the end of the Second Opium War, China's share of global GDP had fallen by half

https://en.wikipedia.org/wiki/Opium_Wars

James Bradley, ( author, Flags of our Fathers ) : The American Industrial Revolution was funded by huge pools of money... it came from illegal drugs in the biggest market in the world , China. Host: the ( great) grandfather of .... the most liberal president, Franklin Delano Roosevelt was a drug runner? Bradley: Yes sir!

see first 4 minutes, excerpt from The Coming War on China

full film below

Good news

Report commissioned by The Consumer Technology Association, a consumer trade organization, states that the Trump administration’s proposed tariffs on imported goods from China would raise the U.S. price of laptops and tablets by 19%.

Next impact will be on lot of reexporting firms and post services and will be 10-30 billions of USD.

( maybe same paper used on Chairman Mao's Red Book? :)

Publishers Plead With Trump Not to Impose a China ‘Bible Tax’

Proposed tariffs on $300 billion in Chinese goods would include printed materials, which would especially affect Bibles and children’s books predominantly produced in China because of the unique paper, printing technology and skills needed, company and trade group officials testified during the second day of a seven-day hearing on the proposed duties Tuesday.

“We believe the administration was unaware of the potential negative impact these proposed tariffs would have on Bibles and that it never intended to impose ‘a Bible tax’ on consumers and religious organizations,” Mark Schoenwald, chief executive officer of HarperCollins Christian Publishing, told a panel of officials at the U.S. International Trade Commission.

A 25% tariff would make it difficult to continue printing some formats and raise prices, leading to a Bible shortage that would hurt the Christian bookseller market, as well as ministries, churches, nonprofits and other religious organizations that couldn’t afford them, Schoenwald said.

https://www.bloomberg.com/news/articles/2019-06-18/publishers-plead-with-trump-not-to-impose-a-china-bible-tax?fbclid=IwAR3sHMR1MPwd1cf5e5grJtLQc93u4Fuy9sTeCPE2CBAptuN6lEo5Zb2aCNU

Apple is reportedly shifting production for its new Mac Pro computer from the United States to China.

The company's latest Mac Pro computer will not undergo final assembly in Austin, Texas, as its previous version did, according to a Wall Street Journal report. Apple (AAPL) will now partner with Quanta Computer in China — closer to Apple's other factories. The effort could help reduce costs related to shipping components to the United States for the last production step, the report said. The move comes amid growing trade tensions between the Trump administration and China.

https://www.cnn.com/2019/06/28/tech/apple-mac-pro-production-china/index.html

Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to...buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and...during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%......We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!

Finally some progress.