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Goldman Sachs: US tariffs against China remain into 2020 even if trade deal is reached

bike gears
© Reuters/Thomas Peter
‘MADE IN USA’ label is seen on a Cannondale bicycle in Beijing
The world's two biggest economies, China and the United States are more likely to reach some sort of trade agreement this month but the process of lifting tariffs would be gradual with some remaining into 2020, says Goldman Sachs.

"Our base case is that an agreement would leave some US tariffs in place, potentially lifting them in stages as various commitments under the agreement have been met. We nevertheless expect some US tariffs to remain in place into 2020," the US investment bank wrote in a report on Monday.

It noted that trade tensions between Beijing and Washington appear to have "improved" over the last few weeks, with officials from both countries meeting several times and reporting that progress has been made.

The process to reach a trade deal could take place in three phases, according to Goldman. Most immediately, US and Chinese officials are likely to continue meeting over the next few weeks to work out differences on the outstanding issues, the report says.

The second phase will likely result in a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping in late March where unresolved issues are to be ironed out.

Comment: See also:


Attention

Israel lobby rebuts Omar's claims about its immense influence by exerting its immense influence

Ilhan Omar
In response to criticisms made by Congresswoman Ilhan Omar that US political leaders have too much allegiance to Israel and its lobbying groups, House Democrats have put forward an entire House resolution in accordance with demands made by AIPAC and the Anti-Defamation League.

"The backlash [over Omar's comments] continued on Monday, as the Anti-Defamation League wrote a letter to Pelosi calling for a House resolution to specifically reject what the organization calls Omar's 'latest slur,'" Politico reports. "'We urge you and your colleagues to send the unambiguous message that the United States Congress is no place for hate,' the group's CEO, Jonathan Greenblatt, wrote in a letter."

"The charge of dual loyalty not only raises the ominous specter of classic anti-Semitism, but it is also deeply insulting to the millions upon millions of patriotic Americans, Jewish and non-Jewish, who stand by our democratic ally, Israel," tweeted the Israel lobbying group AIPAC on Friday in response to Omar's comments.

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Beaker

One year after Salisbury poisoning, still no evidence of Novichok nerve agent use disclosed to public

skripals salisbury
© REUTERS/Peter Nicholls/Dylan Martinez/Global Look Press
Soldiers wearing protective suits work at an ambulance station in Salisbury
On March 4, 2018, former spy Sergei Skripal and his daughter were 'poisoned by a nerve agent' in Salisbury, UK. Many details do not match up and what happened in reality remains a mystery (though we all know the villain, thanks).

It was on March 4, 2018 that the Skripals were admitted to a hospital in Salisbury. Within days, British Prime Minister Theresa May would claim they had been poisoned by a nerve agent called "novichok" and that it was "highly likely" the Russian government was behind the hit.

A war of words, sanctions and diplomatic expulsions followed, with relations between London and Moscow at their worst since the Cold War, and maybe worse than that. There has been no shortage of often fanciful theories emanating from UK officialdom and NATO-backed "open-source detectives" such as Bellingcat, but none have taken the world closer to knowing what actually happened.


Comment: See also: The Novichok Anniversary: BBC Change Official Skripal Story Yet Again


Stop

Lavrov: Bolton's Monroe Doctrine remark on Venezuela is an 'insult to entire region'

John Bolton
© AP Photo/Cliff Owen
US National Security Advisor John Bolton
White House National Security Adviser John Bolton's statement that Washington is not afraid of pursuing the Monroe Doctrine against Venezuela is a slap in the face to the entire Latin American region, Russian Foreign Minister Sergey Lavrov said after talks with his Qatari counterpart Mohammed bin Abdulrahman bin Jassim Al Thani.

Lavrov recalled that after the United Nations was established in 1945, international law has been ensured through the Charter of this universal and the most legitimate organization. "The theory and practice of 'backyards' is insulting, to a large extent," Russia's top diplomat stressed.

"I believe that Latin American states will react to John Bolton's statement. He mentioned that the Monroe Doctrine could be used in Venezuela, insulting the entire Latin America," he noted. "Moreover, several days ago Washington threatened that Venezuela is not the end of the story, and Cuba and Nicaragua would be next."

Bad Guys

US attempts to 'regime change' Venezuela by giving Citgo to opposition have not yet succeeded

oil machinery
Venezuela is scrambling to find buyers for its oil, hoping to keep revenue streams alive even as President Nicolas Maduro loses control of Citgo.

The US-based subsidiary of PDVSA officially severed ties with its parent company in order to comply with US sanctions, according to Reuters. The American government is trying to shift control of Citgo into the hands of Venezuelan opposition leader Juan Guaidó. Citgo has stopped sending payments to PDVSA, and Gauidó has appointed a new board to the company. Some Venezuelan employees working at Citgo in the US returned back to Caracas.

Citgo is one of the major prizes that the US has tried to wrestle away from Maduro as part of the American regime change campaign in Venezuela. Citgo is the eight largest refiner in the US at 750,000 bpd, and it owns pipelines and retail gasoline stations. The company is a key source of revenue for the Venezuelan government.

Stop

Russian ambassador demands official apology from UK newspaper for slander

Alexander Yakovenko
© Michael Metzel/TASS
Russia's ambassador to the UK Alexander Yakovenko
Russia's ambassador to the UK Alexander Yakovenko expects an official apology from Mail on Sunday newspaper for slander, according to the letter published on the official websited of the Russian Foreign Ministry.

"We have noted today's Mail on Sunday piece on Ambassador Alexander Yakovenko. As was made clear to your correspondent yesterday, we would have been prepared to comment on statements regarding the Ambassador personally if we had an opportunity to look at the article in advance," the letter said. The Ministry noted that the newspaper misled the British public.

"The information that Mr Yakovenko, when working at the USSR Mission in New York, was expelled for spying, is not true. Mr Yakovenko worked at the Mission from 1981 and 1986 and left after the standard term of posting expired. The allegation on him having been expelled is a blatant lie," the message said.

War Whore

Washington's war on Syria, for Israel

missile launch
I was recently asked to participate and give a presentation at a closed, and invitation-only, conference in Washington, DC, on February 6th, 2019. The topic was: "Strategic Implications of Recent US Decisions on Syria". I attended the conference and gave a presentation. The following is a summary of some of the things I said.

Upon my introduction, I informed the audience that I hold dual nationality, Syrian by birth and American by choice. In over five decades of academic work, I was always plagued by a nightmare of a war between the US and Syria, my two countries; unfortunately, this eventually become a reality. However, I should qualify; the ongoing war in Syria is not between the US and Syria, for there is no conflict between the Syrians and the Americans. It is a war waged by Washington against Syria in the service of Israel and some regional powers; Washington is waging a proxy war on Syria.

I briefly introduced Syria and its historic and religious importance. Syria is the cradle of civilization and home of the three monotheistic religions, where they started or flourished. I also reminded the audience that Syria is an archeological treasure; of the five oldest and continually inhabited cities, three are in Syria: Aleppo, the oldest, Damascus, the third and Latakia, the fifth. Following this introduction, I moved to the subject of the conference, dividing it into two sub topics:
  1. Trump Decisions to serve American interests in Syria; and
  2. Strategic Implications for Syria.

Comment: See also: Israel's 'secret war' on Syria is likened to the US' 'secret war' on Laos


Megaphone

Plain for all to see: MSNBC lies then refuses to correct its story on Bernie Sanders' opening speech

Bernie Sanders
© Anthony Behar/Sipa USA via AP
Sen. Bernie Sanders speaks at a political rally to kick off his 2020 presidential campaign at Brooklyn College in Brooklyn, N.Y., on March 2, 2019.
MSNBC is a dishonest political operation, not a news outlet. It systematically and deliberately refuses to adopt a defining attribute of a news outlet: a willingness to acknowledge factual errors, correct them, and apologize. That they not only allow their lies to stand uncorrected but reward their employees who do it most frequently - especially when those lies are directed at adversaries of the Democratic Party - proves that they are, first and foremost, a political arm of the Democratic establishment.

The most recent example is as glaring as it is malicious. On Saturday in Brooklyn, Bernie Sanders delivered his first speech for his 2020 presidential campaign in front of thousands of people. MSNBC broadcast the speech live, and anyone can watch the full two-hour event, or just Sanders's full 35-minute speech, on YouTube.

As a result, there's no confusion possible about what was said. Everyone can see it with their own eyes.

Before Sanders spoke, he was introduced by a series of speakers including three African-Americans: South Carolina state Rep. Terry Alexander (who spoke of Sanders's lifelong commitment to equal justice and opportunity), former Ohio state Sen. Nina Turner (who heralded Sanders's long-time commitment to racial justice and his status as "only one of two white elected officials" who supported Jesse Jackson's presidential campaign run in 1984), and racial justice activist (and Intercept columnist) Shaun King (who described in detail Sanders's history as an anti-racist and civil rights activist in the 1960s and his decadeslong devotion to issues of racial equality).

After Sanders's speech, MSNBC immediately asked its panel for reactions. The first person they turned to was Zerlina Maxwell, who the host identified only as an "MSNBC analyst." What the host omitted, but which Maxwell herself acknowledged, was that she was a paid official for Hillary Clinton's 2016 campaign against Sanders: that, revealingly, is the first person MSNBC had opine on Sanders's speech.

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Alarm Clock

"Mass death": Greenpeace co-founder calls Ocasio-Cortez "pompous little twit" for Green New Deal

Alexandria Ocasio-Cortez
© Chip Somodevilla/Getty Images
Alexandria Ocasio-Cortez
Greenpeace Co-Founder on AOC: 'Pompous Little Twit' - Green New Deal Would Cause 'Mass Death'

3 Mar 20198,293 2:15 Patrick Moore, the co-founder of Greenpeace who left the organization he said has been "hijacked by eco-fascists,' weighed in on Rep. Alexandria Ocasio-Cortez's Green New Deal resolution calling her a "pompous little twit" on social media.

Moore, who now calls himself a "sensible environmentalist," got attention for his tweet about Ocasio-Cortez


Comment: For more on AOC and the GND, check out SOTT's editorial: AOC's 'Green New Deal': Ideology Masquerading as Realism

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Attention

Huawei CFO Meng Wanzhou sues Canadian government, RCMP and CBSA for 'serious violations' of her constitutional rights

Meng Wanzhou
© Reuters
Meng Wanzhou
The defence team for Huawei executive Meng Wanzhou has filed a notice of civil claim alleging "serious violations" of her constitutional rights, accusing officers of detaining and questioning her for three hours before notifying her of her arrest.

The suit filed with the B.C. Supreme Court on Friday is against members of the Canadian Border Services Agency, the RCMP and the federal government.

It seeks damages for false imprisonment based on multiple alleged failures of government officials to comply with the rule of law upon her detention, search and interrogation at the Vancouver airport on Dec. 1.

The allegations have not been proven in court and the CBSA, RCMP and the attorney general's office did not immediately respond to requests for comment.

"This case concerns a deliberate and pre-meditated effort on the part of the defendant officers to obtain evidence and information from the plaintiff in a manner which they knew constituted serious violations of the plaintiff's rights," the claim says.

Comment: See also: