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Fri, 29 Oct 2021
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IMF says tariffs are ineffective, China threatens retaliation on any further US moves

Shipping Containers
© Global Look Press / Jacek Sopotnicki
The fund suggests alternative ways to address concerns about trade imbalances that better support global growth, noting that trade tensions are dimming the fund's global growth outlook.

Tempting as it might be to think a stronger dollar offsets higher US tariffs by making Chinese imports cheaper, the International Monetary Fund says the greenback's global prevalence tells a different story, reported Bloomberg.

Gita Gopinath, the IMF Chief Economist, said, "US importers and consumers are bearing the burden of the tariffs, the stronger US currency has had a minimal impact thus far on the dollar prices Chinese exporters receive because of dollar invoicing."

Comment: RT reports that China is threatening retaliatory measures should the US go ahead with any further tariffs:
China's Commerce Ministry warned the US against further escalating the trade war as it urged Washington not to proceed with new tariffs against Chinese imports, some of which are set to take effect September 1.

If Washington resorts to the promised tariffs, Beijing will have to retaliate, ministry spokesman Gao Feng said on Thursday. The same was promised by the State Council Tariff Committee last week, but neither Gao nor the committee clarified what steps China will take.

"Despite the US decision to delay tariffs on some Chinese goods... if the United States rides roughshod over China's opposition and impose any new tariffs, China will be forced to adopt retaliatory actions," the spokesman told a news briefing as cited by Reuters.

Earlier this month, US President Donald Trump threatened to hit China with 10-percent levies on $300 billion worth of imports. While additional levies for certain goods were later postponed till December 15, some products worth more than $100 billion are still on the hit-list which will come into force on September 1.

Trade talks between the two sides are still in progress, but there has been no breakthrough leading to a final deal. Last month's meeting in Shanghai brought no results, and the date of next round of face-to-face talks has not been announced.

On Wednesday, Chinese Foreign Ministry spokesman Geng Shuang said he hopes that the US and China can "get along" and resume "mutually beneficial" trade.

"We hope the United States will meet China halfway," the spokesman said referring to a trade agreement that can end the protracted trade row.

Trump has recently linked the success of a trade agreement with China to Beijing's policies towards the Hong Kong protests, which have been ongoing for weeks. The president said that a violent crackdown on the protesters would make the deal "much harder" to sign. Beijing urged Washington to stay out of its domestic affairs.
The outlook for the global economy is looking particularly bleak:


Brick Wall

Crisis-level migrant surge eases following Trump's border protection deal with Mexico

Trump Border Wall
When people think of the southern border, it may bring to mind a vast, open desert, flecked with cacti and etched by a thin trail of fencing.

Not so here in Laredo Sector, where the Rio Grande narrows and separates the bushy banks of Mexico and the U.S. by mere feet of water. Migrants, predominantly adult men from Mexico rather than the Central American families common in other sectors, take advantage of the low river surrounded by trees. They know, as do the smugglers who assist illegal immigrants, that if they scramble across the water and into the trees, they are a short sprint from disappearing in Laredo amid its many fast-food restaurants, tiny houses and money exchanges.

But lately, the crisis-level surge in crossings has eased.

Headphones

An interview with University of Tehran's Professor Seyed Marandi

Seyed Mohammad Marandi

Professor Seyed Mohammad Marandi
Introduction: first, several friends recently suggested that that I should interview Professor Seyed Mohammad Marandi; then I read this most interesting text on Moon of Alabama and I decided to ask Professor Marandi to share his views of the current situation in Iran, the Persian Gulf the rest of the Middle-East who very kindly agreed to reply to my question in spite of his most hectic and busy schedule. I am most grateful to Prof. Marandi for his time and replies. Crucially, Prof. Marandi debunks the silly notion that Russia and Israel are allies or working together. He also debunks that other canard about Russia and Iran having some major differences over Syria. Prof. Marandi, who is currently in Iran, is superbly connected and informed, and I hope that with this interview some of the more outlandish rumors which were recently circulated will finally be seen for what they are: utter, total, nonsense. Enjoy the interview!

The Saker:
It is often said that there is an "axis of resistance" which comprises Syrian, Hezbollah, Iran, Russia and China. Sometimes, Venezuela, Cuba or the DPRK are added to this list. Do you believe that there is such an "axis of resistance" and, if yes, how would you characterize the nature of this informal alliance? Do you think that this informal alliance can ever grow into a formal political or military alliance or a collective security treaty?

Stock Down

Russiagate, racism, now recession? Trump claims Dems promoting economic bust to gain 2020 win

NYStockExchange
© Reuters/Eduardo Munoz
The New York Stock Exchange in this August 14, 2019
US President Donald Trump is accusing Democrats and the media of trying to bring about a recession in order to hurt his 2020 re-election. His critics reply that they're only stating the facts... just like they did with Russiagate?

"The word recession is inappropriate... We're very far from a recession," Trump said on Tuesday, adding that his critics would "love to see" an economic downturn. Earlier, he tweeted a video clip of Fox Business host Lou Dobbs blaming "radical Democrats" for the recession talk.

Comment: The Left is looking for any scenario, factual or not, that hands them control of the country - and we know, from the last election, they are not above utilizing any means to achieve a particular result. If a recession is truly on the horizon, Trump may be the best choice America has.

See also:


Rocket

Putin: The timing of the US missile test reveals it had been developed long before Washington left INF

Putin
© AP
Russian President Vladimir Putin
A recent test of a US missile banned by the INF risks backfiring on global security, Vladimir Putin warned. The Russian president said it shows Washington was not interested in the now scrapped landmark accord for quite some time.
"Americans tested this missile too quickly - way too quickly after having announced [they] are leaving the agreement. Given that, we have all reasons to believe that development to make it a ground launched missile - it's a maritime based projectile - started long before [US started] to look for reasons to leave the deal."
The weapon was confirmed by the Pentagon as being a modified version of a sea-based Tomahawk cruise missile, which is normally stationed on warships and submarines. It came just about two weeks after the Intermediate-Range Nuclear Forces Treaty (INF) officially expired on August 1.

Comment: See also:


Snakes in Suits

German FM Heiko Maas: 'Direct and open dialogue' needed with Moscow

Heiko Maas
© AFP/DPA/Michael Kappeler
German Justice Minister Heiko Maas
German Foreign Minister Heiko Maas acknowledged having "principally different positions with Russia on many issues" on August 21 before departing for Moscow to meet with Russian Foreign Minister Sergei Lavrov.

He also urged Moscow to play a constructive role in reviving peace efforts for Ukraine, which has been fighting Kremlin-backed separatists for more than five years at a cost of more than 13,000 lives.

Mass said in Berlin, regarding a cease-fire that hasn't fully taken hold:
"We have hope for the light at the end of the tunnel when it comes to issues of cease-fire, disengagement of forces, and implementation of the Minsk agreements. Now all sides need to demonstrate readiness for dialogue and action, or people will continue to die in this conflict."
To resolve the issue, "we need direct and open dialogue," Maas said.

Ukrainian President Volodymyr Zelenskiy earlier this month urged Russian President Vladimir Putin to help halt the conflict in eastern Ukraine.

Comment: See also:


Nuke

Tehran to discuss Macron's Iran nuclear deal plan

Macron
© EPA/Thomas Samson
French President Emmanuel Macron
The French president floated a new proposal to Iran on how to soften the blow of the US withdrawal from the nuclear deal. The Iranian foreign minister said Tehran is ready to discuss it.

The 2015 international agreement lifted economic sanctions from Tehran in exchange for accepting restrictions on its nuclear industry. Last year, Washington pulled out of the deal and launched a "maximum pressure" campaign against Iran. The European signatories promised they would work on shielding the Iranians from the American U-turn, but Tehran was not satisfied and eventually started downgrading its commitments under the deal.

French President Emmanuel Macron on Wednesday said he has new proposals on what the Europeans can do about the situation.

"We have made proposals either for a softening of sanctions or a compensation mechanism to enable the Iranian people to live better," Macron said, without elaborating. He said he would relay his plan to Tehran ahead of the upcoming G7 summit that France hosts.

Responding to the news on Thursday, Iranian Foreign Minister Mohammad Javad Zarif indicated his government was willing to negotiate. "There are proposals on the table... and we are going to work on those proposals," he said at the Norwegian Institute of International Affairs.

Comment: See also:


Yoda

Trump: 'I am the chosen one' to take on China and 'we're winning'

Trump and salutes
© Consolidated News Photos
US President Donald Trump
US President Donald Trump has stated that he is "the chosen one" to take on Beijing and that his life would be easier if he had not mounted a trade war with China.

The remark came during one of Trump's trademark "helicopter" press conferences, outside the White House on Wednesday. Fielding questions on a range of topics, the president touched on the tariff war with China that he launched in March 2018.
Noting that his life would be "much easier" if he did as other presidents and let China take advantage of the US economically, Trump said he had to do something about it.

Black Magic

ISIS recruitment, exporting jihad and Kosovo Albanians

Isis recruits

ISIS training center
I came across an interesting article on MEMO concerning Kosovo (Albanian) stance towards ISIS/ISIL, since 'Kosovo' is as local Albanians claim 'the youngest republic in Europe', which unilaterally proclaimed itself to be independent of Serbia in 2008.

Today it seems that so-called Kosovo has become fertile recruiting ground for ISIS. During 2014, dozens of people were arrested for suspected terrorist activity and more than 300 (officially) left for the Middle East to join ISIS and Al-Nusra Front; more than 30 have been killed, according to government figures. The strong presence of foreign fighters from the Balkans and Kosovo was suggested when Abu Bakr Al-Baghdadi's speech declaring himself to be the "caliph" was translated into English, French, German, Turkish, Russian and Albanian.

Comment: One might wonder if the establishment of covert training camps for jihadists was one of the West's unstated goals when carving out the "state" of Kosovo from the wreckage of Yugoslavia.


Info

Al-Golani's defiance of Turkey leads to Syrian government control of Khan Sheikhoun

joulani

Civilians in Idlib (Syria) burning the photo of al-Golani
During the first week of this month of August, the ex-ISIS commander and current head of Hay'at Tahrir al-Sham (formerly known as Jabhat al-Nusra) Abu Mohammad al-Golani held a press conference in the occupied northern city of Idlib. He declared himself unconcerned by the ceasefire established in the course of thirteen meetings between Turkey and Russia at Astana; he said that the Syrian Army was weak and needed a long time to catch its breath, hence no attack was expected soon. He rejected the outcome of the Sochi meeting (stipulating withdrawal to between 12 to 20 km from the demilitarised demarcation line); and finally, he confirmed that his jihadists would not withdraw one single fighter or weapon even if requested to do so by friends (Turkey). A few days later, the Syrian Army launched an attack to liberate northern rural Hama and in particular the city of Khan Shaykhoun and surroundings. The main M5 road goes through Khan Shaykhoun and is therefore included in the demilitarised agreement, signed by Turkey and Russia.

The Astana agreement between Turkey and Russia, with the blessing of Iran and Syria, has also established static Turkish observation positions in Morek, south of Khan Shaykhoun (now in the current Syrian Army military operational theatre). Turkey is showing uncharacteristic timidity in the way it is contesting the military operation against the al-Golani group and other rebels and jihadists. Sources close to decision makers in Syria said "Turkey was not at all surprised at the operation and its objectives. The Astana agreement is being imposed by fire on those contesting it."

The Jihadist leader al-Golani was obviously misinformed about the capacities of the Syrian Army; he thought Damascus was on its knees and unprepared for battle. He also miscalculated his own strength when challenging Turkey, supposing that he could simply reject a deal agreed by Ankara and stand against it, unharmed. Refusing to withdraw his jihadists from the demarcation line has now cost him a strategic city, Khan Shaykhoun, together with the anger of the thousands of civilian inhabitants who fled to Idlib. Ankara has lifted its protection of al-Golani to help him realise who is running the show in the north-west of Syria - even if he is in command of thousands of jihadists. Al-Golani's underestimation of the Syrian Army is costing him a strategic city.

Comment: See also: