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China warns that iPhone sales will suffer if Trump starts a trade war -- CNBC

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  • China warns that iPhone sales will suffer if Trump starts a trade war -- CNBC

    China fires its first warning shot, warning iPhone sales will suffer if Trump starts a trade war

    CNBC

    by Arjun Kharpal
    11/14/2016

    Excerpt:

    Apple iPhones and other U.S. goods could suffer sales hits in China if President-elect Donald Trump goes through with his "naive" plan of slapping a large import tariff on Chinese products, a state-backed newspaper warned on Sunday.

    During his election campaign this year, Trump spoke of a 45 percent import tariff on all Chinese goods while failing to outline how it would work. Should any such policy come into effect, China will take a "tit-for-tat approach", according to an opinion piece in the Global Times, a newspaper backed by the Communist party.

    "A batch of Boeing orders will be replaced by Airbus. U.S. auto and iPhone sales in China will suffer a setback, and U.S. soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the U.S.," the Global Times article read.

    Apple has not responded to CNBC's request for comment.

    But the Chinese newspaper was not convinced Trump would go through with his suggestion, calling it "merely campaign rhetoric" and questioning its legal validity. U.S. law dictates that presidents can only impose tariffs of no more than 15 percent for a maximum of 150 days on all imports.

    As an example of earlier tariff-tit-for-tats, the Global Times pointed toward the 35 percent tariffs imposed in 2009 on Chinese tires. China retaliated with its own tariffs on U.S. car parts and chicken.

    "Both China and the U.S. suffered losses as a result. From then on, the Obama administration waged no trade war against China. If Trump imposes a 45 percent tariff on Chinese imports, China-U.S. trade will be paralyzed," the Global Times said.

    The opinion piece said Trump was a "shrewd businessman" and would not be naive, but, if he was serious with the policy, it would affect a number of U.S. industries.

    ..............................................

    View the complete article, including image and video, at:

    http://www.cnbc.com/2016/11/14/apple...ing-warns.html



    My comment: It’s going to be an incredibly tough next few years for the U.S.A. folks! Decades of gross mismanagement of resources and serious errors on a broad spectrum of issues must somehow be intelligently reversed. KEEP THE FAITH.
    Last edited by bsteadman; 11-14-2016, 05:30 PM.
    B. Steadman

  • #2
    A Glimpse into the Swamp – A Very Dangerous Time in America

    A war is being waged between those attempting to expose the criminality of the globalists, and those attempting to not just engage in a massive cover-up, but maintain power. The battle is raging. It is a very dangerous time in America

    Canada Free Press

    by Doug Hagmann
    11/14/2016

    Excerpt:

    The following is a cursory investigative summary that explains the significance of the email “scandal” that erupted right before the 2016 election and how the Obama Department of Justice under Loretta Lynch worked in conjunction with the Hillary Clinton campaign to obstruct justice.

    It is submitted as a foundation for forthcoming documentation that will detail extensive criminal corruption, the scope of which is breathtaking and a threat to our national security by the Hillary Clinton State Department and the Obama White House.

    What follows is a brief glimpse into a murky and crowded swamp of criminality that involves personal enrichment through weapons trafficking and the methods to hide the criminal behavior of those involved. It includes the use of the Department of State, the Department of Justice, the Executive branch, and the Clinton Foundation, along with many co-conspirators in government and the media.

    Testifying under oath before Congress in 2013, Hillary Clinton stated that she knew nothing about the weapons shipments from Libya and Qatar to Syria. Thanks to the release of John Podesta emails and other documents by Wikileaks, it is now beyond any reasonable doubt that she lied. Her actions resulted in not only the deaths of four Americans, including a U.S. ambassador in the September 11, 2012 attack in Benghazi, but the deaths of countless innocent people due to the destabilization of the Middle East.

    Equally disgusting is that she and others used her position as U.S. Secretary of State, serving from January 21, 2009 through February 1, 2013 for personal enrichment through the Clinton Foundation, and again lied about it despite the revelations by Wikileaks.

    Hillary Clinton not only lied under oath about the arms shipments, with a large number of those weapons coming into possession of ISIS as well as anti-Assad terrorists, but also lied to the American people about the attack at Benghazi, her emails, and many other related matters. This particular area of the swamp is not only deep, but crowded as well.

    Hillary Clinton & The Clinton Foundation, Arms Merchants

    Under Hillary Clinton’s leadership, the U.S. Department of State approved $165 billion worth of commercial arms sales to 20 nations (from October 2010-September 2012), representing almost twice the amount approved by the State Department under the second term of George W. Bush for the same time period. It seems hardly a coincidence that each government benefactor of those arms sales gave money to the Clinton Foundation.

    Under Clinton’s leadership, an additional $151 billion of separate Pentagon-brokered deals to 16 countries was authorized. Again, all 16 countries donated to the Clinton Foundation. Compared to a similar period under Bush, this denotes a 143 percent increase of arms sales to Clinton Foundation donors.

    It is important to note that federal law prohibits foreign governments seeking clearance through the U.S. State Department to buy U.S. arms from making campaign contributions. This prohibition was designed to prevent foreign interests and governments from using cash to influence national security policy.

    Nothing, however, prevents such foreign interests from contributing to a philanthropic foundation. Enter the Clinton Foundation.

    The Clinton emails (those deleted and archived outside of investigative purview), the Podesta emails released by Wikileaks, and other relevant documents provide prima facie evidence of personal enrichment by Hillary Clinton, Bill Clinton, the Clinton Foundation and others through arms sales to prohibited countries—including and especially ISIS. They also provide documentation of evidence tampering and obstruction of justice, and provide insight into the individuals and groups involved.

    The emails are alleged to include other criminal activities as well, although these activities will be addressed separately for both clarity and brevity.

    Many within the U.S. government as well as the media have misrepresented the importance of the emails, from those on Clinton’s private server to those found on the laptop of Anthony Weiner/Huma Abedin. Understanding the mishandling of the Weiner/Abedin emails by the U.S. Department of Justice, the FBI and others will provide insight into how the investigation was hijacked and diverted from within.

    The criminal hubris of the Obama regime and the Clinton criminal cabal is unparalleled in American history.

    The Hillary Clinton emails, the Anthony Weiner emails, the infamous Comey letters, the Department of Justice obstruction of justice by Loretta Lynch, Huma Abedin, and many others, along with the media manipulation are all incestuously related in this vast criminal enterprise.

    A large alligator in the murky swamp of criminal corruption is John Podesta. Wikileaks began releasing the emails of John Podesta on October 7, 2016 and continues to date, bringing the total upwards of 70,000 emails and related email chains.

    Podesta is a long-term associate of the Clintons and was President Bill Clinton’s Chief of Staff from 1998 until 2001, and served as counsel to Barack Obama. He and his brother Tony own the Podesta Group (a large DC lobbying firm). He is also the chairman of the Center for American Progress (CAP), a Washington DC-based think tank, and perhaps most importantly, served as Hillary Clinton’s 2016 presidential campaign chairman.

    When the news broke that some 650,000 emails were found on the laptop of disgraced congressman Anthony Weiner, husband of Hillary Clinton’s closest aide Huma Abedin, Loretta Lynch immediately began to mitigate any potential damage by assigning Assistant Attorney General Peter Kadzik to lead the investigation into those emails.

    Her choice could not be a more blatant conflict of interest. Peter Kadzik has been a good friend of John Podesta since their days at Georgetown Law School. In fact, many emails between Podesta and Kadzik were among those released by Wikileaks, and were also alleged to be on the Weiner/Abedin laptop. In one of the Wikileaks emails, it was John Podesta who described Kadzik as a “fantastic lawyer who kept me out of jail.” Kadzik’s son also emailed John Podesta, asking for a job on the Clinton campaign.

    Peter Kadzik also represented Podesta during the Monica Lewinsky investigation. Perhaps most telling of all is the role Peter Kadzik played in the controversial Clinton pardon of fugitive Marc Rich, who is best known for founding the commodities company Glencore, being indicted in the U.S. on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis.

    Interestingly, it was Rudy Giuliani who built the case against Rich. Another familiar name, James Comey, the current FBI Director eventually took over the pardon investigation. Rich ultimately received a pardon from President Bill Clinton on January 20, 2001, his last day in office.

    The pardon did not come without a price, however. Denise Rich, the wife of Marc Rich, gave more than $1 million to the Democratic Party, including more than $100,000 to Hillary Clinton’s Senate campaign.

    In short, Loretta Lynch appointed a suspect of the email investigation to take the lead for the Department of Justice in that very investigation. This alone should clearly reveal that the motives of the Justice Department, presumably acting at the direction of the Obama White House, were never to conduct an honest investigation, but to stop any honest investigation from the start.

    .................................................. .......................

    View the complete article at:

    http://canadafreepress.com/article/a...ime-in-america
    B. Steadman

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