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October 22, 2021
6:30 AM +08
Last Updated an hour ago
By Karen Freifeld and Alexandra Alper
WASHINGTON, Oct 21 (Reuters) - Suppliers to Chinese telecoms giant Huawei and China's top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell them goods and technology despite their being on a U.S. trade blacklist
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The numbers could enrage China hawks in Washington, who have made a concerted effort to deprive Chinese companies of access to advanced U.S. technology.
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during the Trump administration, $87 billion worth of licenses for Huawei were approved after it was blacklisted.
https://www.reuters.com/business/us-hous...021-10-21/
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生意还是要做的！
(This post was last modified: 22-10-2021, 10:25 AM by
cityhantam.)
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It's quite obvious that the US has already given up on the trade war with China the moment Katherine Tai announced that exemptions will be given. For political reasons, the Biden Administration will insist that the trade war is ongoing, but they'll just give exemptions liberally until there is almost no enforcement.
The underlying premise of the trade war is that countries like Vietnam and India can easily replace China as an integrated manufacturing hub and all that is required is a gentle push from Uncle Sam to artificially raise the price of making things in China.
Now with all that is going on, it is becoming very obvious to everyone that these so called alternatives are no where near being competitive even with added China tariffs, i.e. US companies are still pouring in massive investments into China and its own consumer market is importing even more aggressively from China. The tariffs are now becoming yet another straw that is piling on the inflation problems in US.
Not only is investment and trade with China unabated, sporadic reports are now coming out that US companies are making preparations to repatriate back to China previously operations that were moved out to places like Vietnam in the first place.
Without attaching any moral or personal political slants to the whole US-China slug, I would say the trade war is a valiant attempt by Trump to maintain US hegemony by slowing China's economic development through a trade war. Unfortunately for him, the US is in practice run by corporations not politicians, so his defeat both in politics and policies was already set in stone the moment he dared to challenge corporate interests. The worst thing that can happen to the US now is Trump coming back in 2024 due to Biden incompetence - it will be another 4 years of civil war between Trump and vested elites which the former and his supporters have no way of actually winning (I mean change the direction of this country, not just elections).
(This post was last modified: 22-10-2021, 11:20 AM by
maxsanic.)
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8
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Got such good news? Any source to share?
(22-10-2021, 11:08 AM)maxsanic Wrote: Not only is investment and trade with China unabated, sporadic reports are now coming out that US companies are making preparations to repatriate back to China previously operations that were moved out to places like Vietnam in the first place.
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(22-10-2021, 11:36 AM)lylcnn Wrote: Quote:Not only is investment and trade with China unabated, sporadic reports are now coming out that US companies are making preparations to repatriate back to China previously operations that were moved out to places like Vietnam in the first place.
Got such good news? Any source to share?
Sure.
China exports to US increased significantly:
https://www.bloomberg.com/news/articles/...-outbreaks
FDI into China continue unabated:
https://www.piie.com/blogs/china-economi...l-economic
Manufacturers moving out of Vietnam:
https://sg.news.yahoo.com/vietnam-covid-...16333.html
https://www.cnbc.com/2021/05/25/supply-c...etnam.html
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