#Homegrown passenger jet

[dreamvtech]

China's First Homegrown Passenger Jet: The C919

China has achieved a significant milestone in its aviation industry as its first domestically developed passenger jet, the C919, embarks on its inaugural commercial flight. This groundbreaking achievement not only demonstrates China's technological prowess but also positions it as a strong contender in the global aviation market. The successful launch of the C919 signifies China's determination to rely less on foreign aircraft manufacturers and establish itself as a major player in the commercial aviation industry. Let's explore the details of this exciting event and what it means for China and the world of aviation.

A Big Step for Chinese Aviation: Amid much excitement, the C919, created by the Commercial Aircraft Corporation of China (COMAC), gracefully took to the skies on its first commercial flight. This passenger jet is a big deal for China, as it showcases their ability to develop their own airplanes instead of relying on others. The successful launch of the C919 marks a significant leap forward in China's efforts to establish a self-sufficient and competitive aviation industry.

Introducing the C919: The C919 is a passenger jet designed to compete with popular models like the Boeing 737 and the Airbus A320. It can carry up to 168 passengers and fly for around 4,075 kilometers (2,532 miles). The C919 is equipped with advanced technologies, including modern flight controls and high-tech systems. It prioritizes safety, efficiency, and passenger comfort. Additionally, the C919 is designed to be fuel-efficient and produce less noise, showing China's commitment to environmentally friendly aviation.

Boosting Technological Advancement: The successful launch of the C919 has sparked a wave of technological advancement in China's aviation industry. Developing this passenger jet has inspired innovation and collaboration among different sectors, leading to advancements in materials, avionics technology, and manufacturing processes. This increased focus on research and development is expected to propel China's aerospace industry forward, bringing about continuous progress and innovation.

Facing Challenges on the Global Stage: While the C919's first commercial flight is a remarkable achievement, it's important to recognize the challenges that lie ahead. The global aviation industry is highly competitive, with established manufacturers like Boeing and Airbus dominating the market. For the C919 to gain worldwide recognition, it must go through rigorous certification processes and prove its reliability and efficiency over time. Building trust among international airlines and passengers will be crucial for the success of China's own passenger jet.

Promising Future Opportunities: Despite the challenges, the future looks promising for the C919 and China's aviation industry. Domestic airlines have already shown great interest in the C919, with several orders already placed. As the C919 continues to demonstrate its capabilities and reliability, it is likely to attract attention from international carriers looking to diversify their fleets. The successful development and commercialization of the C919 also position China favorably for future projects, including the potential development of larger aircraft and disrupting the jumbo jet market.

Step on board and witness the marvel of China's first homegrown passenger jet, the C919. Be a part of history as this technologically advanced aircraft takes flight, showcasing China's prowess in the aviation industry. Whether you're a travel enthusiast, an aviation aficionado, or simply curious about the future of air travel, don't miss the opportunity to witness the C919 in action. Buckle up and embark on a journey into the future of aviation with the C919 – book your ticket now!

[xtruss]

So Unique, So Russian: Meet the Domestically-Built IL-96-400M Passenger Airplane

— November 9, 2023 | Sputnik International

The Ilyushin Il-96-400M made its first flight on November 1, showcasing its remarkable characteristics. Renowned for advanced safety features, the plane outperforms its predecessor, the Il-96-300, with its enhanced engine power and extended fuselage.

Russia's newly-developed passenger jet has not only retained the effective features of the Il-96-300M, but also obtained "new operational and transport capabilities," Russian Industry and Trade Minister Denis Manturov stated after its inaugural flight.

According to the minister, the Il-96-400M plane has become a testatement to the competence of Russian design bureaus and aircraft factories who have been relentlessly striving to revive the Russian aircraft production.

Having abandoned Soviet passanger aircraft technology, Russia embarked on the infamous journey of substituting the homegrown planes with foreign Airbuses and Boeings. It has been a while since domestically-built passanger jets traversed the Russian sky.

However, 'thanks' to the unlawful Western sanctions, Russia has managed to return to its roots, overcoming significant obstacles and finally reviving its aircraft production.

Thus, the head of the Russian State Corporation Rostec Sergey Chemezov, in turn, concured that the Il-96-400M’s maiden flight proved that the Russian industry has risen from the ashes like a phoenix.

"I would emphasize that the creation of such aircraft is a unique competence that will ensure the country's technological sovereignty," Chemezov stated.

According to Yury Slyusar, the director general of the United Aircraft Corporation, Russia already has the short-haul SJ-100 and the medium-haul MS-21, hence the new long-haul IL-96-400M will ensure a nationwide route network and replace foreign jets.

[nawapon17]

China Eastern flies second C919 jet for commercial flight - flight tracker app - CNA

[news247worldpressposts]

#BREAKING: #China's first homegrown passenger jet takes off on maiden #commercialflight

#BREAKING China's first homegrown passenger jet takes off on maiden commercial flight pic.twitter.com/boU0kCx6q2 — AFP News Agency (@AFP) May 28, 2023 Source: Twitter

[swldx]

BBC 0415 28 May 2023

12095Khz 0357 28 MAY 2023 - BBC (UNITED KINGDOM) in ENGLISH from TALATA VOLONONDRY. SINPO = 55445. English, dead carrier s/on @0357z then ID@0359z pips and Newsroom preview. @0401z World News anchored by David Harper. The White House and the Republicans have agreed in principle to raise the US debt ceiling and avert a default after weeks of bitter negotiations. The deal still needs to be approved by a divided US Congress. President Joe Biden described the agreement as a "compromise", while House Speaker Kevin McCarthy said it "has historic reductions in spending". Russia has launched a new massive overnight drone attack on Ukraine's capital Kyiv, killing at least one person, local officials have said. Air defences had shot down more than 20 drones heading towards Kyiv before a "new drone wave" hit the city. Turks vote on Sunday in a momentous presidential run-off to decide whether or not Recep Tayyip Erdogan should remain in power after 20 years. His challenger Kemal Kilicdaroglu, backed by a broad opposition alliance, has billed the vote as a referendum on Turkey's future direction. Texas' Republican-run House of Representatives has voted to impeach state Attorney General Ken Paxton, a Republican, who is accused of bribery and abuse of public trust. Mr Paxton, an ally of former President Donald Trump, is now suspended from office pending a trial in the Senate. Nicaraguan police said on Saturday they are investigating several dioceses of the Catholic Church for money laundering, a day after local media reported that the bank accounts of parishes in the Central American country had been frozen. Sports. After years of research, development and tests, China’s first large homegrown passenger jet appears set to make its inaugural commercial flight on Sunday, May 28. China Eastern Airlines is the launch customer for the new narrow-body C919. @0406z "The Newsroom" begins. 250ft unterminated BoG antenna pointed E/W, Etón e1XM. 250kW, beamAz 315°, bearing 63°. Received at Plymouth, United States, 15359KM from transmitter at Talata Volonondry. Local time: 2257.

[theechudar]

China Makes First Delivery of Homegrown Passenger Jet

China Makes First Delivery of Homegrown Passenger Jet

China on Friday announced the first delivery of its new domestically produced passenger jet, with the aircraft expected to make its commercial debut early next year. Beijing hopes the C919 commercial jetliner will challenge foreign models like the Boeing 737 MAX and the Airbus A320, though most of its parts are sourced from abroad. The first model of the narrow-body jet, which seats 164…

[squarwell-breakingnews]

China Makes First Delivery Of Homegrown Passenger Aircraft

China Makes First Delivery Of Homegrown Passenger Aircraft

The first model of the narrow-body jet seats 164 passengers. (File) Beijing: China on Friday announced the first delivery of its new domestically produced passenger jet, with the aircraft expected to make its commercial debut early next year. Beijing hopes the C919 commercial jetliner will challenge foreign models like the Boeing 737 MAX and the Airbus A320, though most of its parts are sourced…

[newslobster]

China Makes First Delivery Of Homegrown Passenger Aircraft

China Makes First Delivery Of Homegrown Passenger Aircraft

The first model of the narrow-body jet seats 164 passengers. (File) Beijing: China on Friday announced the first delivery of its new domestically produced passenger jet, with the aircraft expected to make its commercial debut early next year. Beijing hopes the C919 commercial jetliner will challenge foreign models like the Boeing 737 MAX and the Airbus A320, though most of its parts are sourced…

[hewittao10-blog]

You didn't see that two decades ago

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[cannedfoodeatingtatterdemalions]

Quarantine Day 3

I am still jet lagged. My room is impenetrable to sunlight. My circadian rhythm is maintained by food and food alone- breakfast means its 08:30, lunch means 12:00, dinner means 18:00. I am not quite sure if I am eating better now than when I was on the road or vice versa. Our daily diet on the road consisted generally of oatmeal or pancakes for breakfast, sandwich or energy bar for lunch, and a mix of some grain, a bit greens, and canned food for dinner. I started eating canned food since moving to West Virginia. My coworkers enlightened me on the delicious conveniency of Campbell Soup. I then discovered canned vegetables and canned chicken on the road- the immortal and indestructible food of choice. We would shove our canned chicken, corns, beets, beans, asparagus, olives under the passenger seat and leave them there indefinitely until their end day. I’ve always thought canned food belonged to the food desert. I’ve never heard of the term food desert until I went to nursing school. People who live in remote areas have little access to fresh food and are forced to reconcile with less healthy food such as canned food! In my mind, canned food was poor people’s diet. It was the cause of heart disease, obesity, diabetes, and everything bad. I still remember visiting a woman’s apartment in the poor part of Hollywood and her apartment was stashed with aisles and aisles of canned food from the ground to ceiling from the entrance to kitchen to living room. I never thought I would resort to canned food, but what did I think I know- nothing! I suppose when I am heading into a literal desert (Smith Rock, Indian Creek, Joshua Tree etc), I am also bounded to the food desert. I am now friend of canned food. 

Unlike people imprisoned by poverty, Andy and I did have a choice to eat better food. And we did. We splurged. Here are couple more memorable meals we made.

[Tea Eggs]

I had not been able to find star anise since I moved to Appalachia. I did not expect to find star anise on the shelf of a Squamish grocery store. Canadians embrace diversity with more open arms I suppose. Of course, we had to boil up some tea eggs at the Stawamus Chief campgound. 

[Family dinner]

April’s pasta, Hun’s broccolini and white sausage, our meatball, onion, and sauce. Family meals had been some of the best parts of this trip. It is so fun to make and share dinner with friends. (Living on calorie deficit, I was always very hungry, hangry, and desperate while cooking the food lol). 

[Index General Store Kimchi]

Out in the middle of nowhere Index, WA, there is an Index General Store run by a Korean couple. The wife makes amazing kimchi. I fried up half a bottle of kimchi along with kale for dinner the night before Andy’s birthday. He woke up running to the bathroom (which was across the train track at least a quarter of a mile away).  

[Meg’s Aluminum Foil]

Meg handed me all her extra stuff before she left Ten Sleep, including a roll of aluminum foil. Andy and I wanted to impress Joy with a better than our normal meal, so we grilled some corn, shrimp, zucchini, sausage, and lemon in Meg’s aluminum foil. Just plopped the foil on top of our Coleman stove, and bam! We were nonbelievers before, but now we are converts. 

[Splurge while in Bend]

Bend, OR was slightly disappointing in the sense that it is just another copy of Boulder, CO, which is just another copy of Santa Monica, CA. Maybe these places have their merits, but first impression is what it is. We went to Bend’s fancy little farmer’s market on our rainy rest day. We spent $15 on three boxes of homegrown lion’s mane and oyster mushrooms. The mushrooms were absolutely heavenly! Maybe Bend isn’t bad afterall. 

[Real meat]

Smith Rock tore up my fingers and messed up my shoulder to a point that I had to take three rest days in a row. I was relieved when Hun showed up and was down for an adventure with Andy. I am now free to...cook a real meal! I spent 30 minutes peeling a giant butternut squash with my pocket knife. Also got my hands bloody with some real chicken. The first and only time we cooked fresh meat on the trip. It was much needed. 

That’s all for today!

<3 Steph

[searchengine1]

Explore the latest news on - RADICAL ISLAM, HOMEGROWN TERROR, U.S./ISRAEL RELATIONS, MIDDLE EAST POLICIES at : https://americantruthproject.org/

[chloe-jayde]

Explainer: U.S.-China trade war - the levers they can pull

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

Explainer: U.S.-China trade war - the levers they can pull

© Reuters. FILE PHOTO: Illustration picture showing U.S. dollar and China’s yuan banknotes

WASHINGTON (Reuters) – The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.

Beijing has said it would retaliate after President Donald Trump blacklisted Chinese telecom giant Huawei and the United States extended tariffs to cover almost all Chinese imports.

    Chinese state media has warned that Beijing could use rare earths for its next strike in the trade war. The United States relies on China for supplies of the rare earths to make a host of high-tech products, from satellites to electric car batteries.

Here are some other possible pressure points for each side.

POTENTIAL CHINESE RESPONSES

HIKING TARIFFS FURTHER

China could impose tariffs on around $10 billion of U.S. goods that as yet carry no retaliatory tariffs.

Beijing removed some tariffs on U.S. car imports in December, and could reimpose them.

China could raise tariffs from 25 percent on some U.S. goods such as soybeans. China was the top U.S. buyer of soybeans until the trade war, which came close to halting the flow altogether. If it raises tariffs again, Chinese soy importers will seek more supplies from Brazil and elsewhere, as they did in 2018, which would hurt U.S. farmers. These are targeted tariffs, aimed at the U.S. farming community that supported Trump’s 2016 presidential election victory.

High-tech items, such as semi-conductor manufacturing equipment and chips, would be unlikely to feature on a list for higher tariffs, because China cannot easily find alternatives.

China has so far spared Boeing (NYSE:) passenger jets, its single most valuable U.S. import, from tariffs. Chinese carriers are expanding rapidly to meet rising demand, so tariffs on Boeing could slow development of the domestic travel industry.

China could buy more aircraft from France’s Airbus instead of Boeing, which would make it more reliant on Europe for a few years until it completes development of homegrown commercial aircraft, COMAC’s C919.

        DUMPING TREASURIES

China is the biggest holder of U.S. government debt, with about $1.12 trillion in U.S. Treasuries. Beijing buys Treasuries as a safe-haven for foreign exchange reserves.

The editor-in-chief of China’s influential Global Times tweeted in May that “many Chinese scholars are discussing the possibility of dumping U.S. Treasuries and how to do it specifically.”

A selloff would hurt U.S. markets, driving up interest rates and pushing up borrowing costs. The U.S. central bank could lower its benchmark interest rate or buy debt to counter the move.

China sold the most long-dated U.S. Treasuries in almost 2-1/2 years in March. But most China experts say Beijing is unlikely to undertake a big selloff because that would lower the value of China’s foreign exchange reserves. The Chinese would be hard-pressed to find a safe alternative investment with a good yield.

    DEVALUATION

Some analysts have floated the idea of a one-off devaluation of the Chinese currency to make the country’s exports more competitive despite U.S. tariffs. But that would spook foreign and domestic investors and give the United States ammunition to sanction the country for currency manipulation.

“That is not retaliation. That is escalation of the trade war,” said Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics.

The Chinese currency has weakened nearly 4 percent since July 2018, when U.S. authorities began collecting the first China-specific tariffs. That has absorbed some of the impact of tariffs on Chinese exporters.

HARASSING U.S. COMPANIES OR SLOWING VISA APPROVALS

China’s Commerce Ministry said on Friday it will draft a list of foreign companies, organizations and individuals that it deems “unreliable” for harming Chinese companies, state-run China National Radio reported.

The move does not single out any countries or companies, but the report cited a ministry spokesman as saying the “unreliable entities list” will apply to those that flout market rules and the spirit of contracts, block supplies to Chinese companies for non-commercial reasons and “seriously harm the legitimate rights and interests” of Chinese companies.

China could target high-profile U.S. companies such as Apple (NASDAQ:), although that could backfire as millions of Chinese people depend on the tech firm for their jobs.

Goldman Sachs (NYSE:) estimates that banning Apple products could slash profits of the iPhone maker by almost a third. Apple and other U.S. firms are also vulnerable to consumer boycotts in China. There is precedent for this: South Korean companies faced boycotts when deployment of a U.S. anti-missile system angered China’s government.

Beijing could make life difficult for American banks, restaurant chains such as Starbucks (NASDAQ:), courier companies such as Fedex and commodity suppliers by opening tax inquiries, withholding licenses and other similar bureaucratic moves.

Big U.S. businesses, however, have been among those pushing for a more moderate stance in Washington, so it would not help Beijing’s case to alienate them. Many American brands in China have joint ventures with Chinese partners, and these would also be hurt by government pressure.

Both sides have already slowed visa approvals for academics; authorities could do the same for executives and government officials.

DIPLOMATIC RECALCITRANCE AND MILITARY POSTURING

Beijing could reduce cooperation with the United States on thorny international issues, such as North Korea and Iran. It could also step up military gestures in the South China Sea and around Taiwan, an unofficial U.S. ally.

RARE EARTH METALS

President Xi Jinping visited a rare earth firm in Southern (NYSE:) China earlier in May, fueling speculation China could cut off supplies of the metals, a key ingredient in high-technology consumer electronics and military equipment, to the United States as part of the trade war. China supplies 80% of U.S. rare earths.

U.S. RETALIATION AGAINST CHINA

HIGHER TARIFFS

The United States could increase tariffs on Chinese imports. Authority for that rests with Trump, who has described himself as tariff-man.

    One option would be to raise levies on $50 billion worth of Chinese technology goods, including machinery, semiconductors, autos aircraft parts and intermediate electronic components on which tariffs were imposed last July and August. The products, taxed at a 25% rate, were selected to avoid hitting U.S. consumers and to hamper China’s technology development.

SANCTIONS AGAINST SPECIFIC COMPANIES

The United States could sanction additional Chinese companies flagged for a host of issues, from alleged intellectual property theft to sanctions violations or human rights concerns.

One option would be placing more companies on a blacklist that bars U.S. suppliers from selling to them without special permits, as the Trump administration did with Huawei Technologies last month.

Washington is already considering sanctions for Chinese video surveillance firm Hikvision and equipment maker Zhejiang Dahua Technology. They are involved in surveillance at Chinese detention centers for ethnic Uighurs and other Muslims. 

The downside would be hurting U.S. companies that do business with the targeted firm.

Administration officials could further increase pressure on foreign governments to exclude Huawei from their 5G networks.

     JUSTICE DEPARTMENT CRACKDOWN

The Justice Department is likely to continue to crack down on Chinese spies and hackers for stealing technology and trade secrets from American corporations, as part of its China initiative to counter Chinese economic and security threats.

        FOREIGN POLICY AND DEFENSE LEVERS?

Tension has already risen as the United States undertakes freedom of navigation operations through the Taiwan Strait and South China Sea. China has been increasingly assertive about its sovereignty over Taiwan, which it considers Chinese territory to be brought under Beijing’s control by force if needed.

U.S. warships have sailed through the Taiwan Strait at least once a month since the start of this year. The United States restarted such missions on a regular basis last July.

    Trump’s government could impose sanctions on prominent Chinese officials seen as complicit in human rights violations of the Uighur population. Congress has urged Trump to impose such sanctions.

    Washington could also deepen a crackdown on Chinese companies that fund or supply North Korea’s nuclear programs.

Read More https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

[jettadarkwynd]

Explainer: U.S.-China trade war - the levers they can pull

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

Explainer: U.S.-China trade war - the levers they can pull

© Reuters. FILE PHOTO: Illustration picture showing U.S. dollar and China’s yuan banknotes

WASHINGTON (Reuters) – The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.

Beijing has said it would retaliate after President Donald Trump blacklisted Chinese telecom giant Huawei and the United States extended tariffs to cover almost all Chinese imports.

    Chinese state media has warned that Beijing could use rare earths for its next strike in the trade war. The United States relies on China for supplies of the rare earths to make a host of high-tech products, from satellites to electric car batteries.

Here are some other possible pressure points for each side.

POTENTIAL CHINESE RESPONSES

HIKING TARIFFS FURTHER

China could impose tariffs on around $10 billion of U.S. goods that as yet carry no retaliatory tariffs.

Beijing removed some tariffs on U.S. car imports in December, and could reimpose them.

China could raise tariffs from 25 percent on some U.S. goods such as soybeans. China was the top U.S. buyer of soybeans until the trade war, which came close to halting the flow altogether. If it raises tariffs again, Chinese soy importers will seek more supplies from Brazil and elsewhere, as they did in 2018, which would hurt U.S. farmers. These are targeted tariffs, aimed at the U.S. farming community that supported Trump’s 2016 presidential election victory.

High-tech items, such as semi-conductor manufacturing equipment and chips, would be unlikely to feature on a list for higher tariffs, because China cannot easily find alternatives.

China has so far spared Boeing (NYSE:) passenger jets, its single most valuable U.S. import, from tariffs. Chinese carriers are expanding rapidly to meet rising demand, so tariffs on Boeing could slow development of the domestic travel industry.

China could buy more aircraft from France’s Airbus instead of Boeing, which would make it more reliant on Europe for a few years until it completes development of homegrown commercial aircraft, COMAC’s C919.

        DUMPING TREASURIES

China is the biggest holder of U.S. government debt, with about $1.12 trillion in U.S. Treasuries. Beijing buys Treasuries as a safe-haven for foreign exchange reserves.

The editor-in-chief of China’s influential Global Times tweeted in May that “many Chinese scholars are discussing the possibility of dumping U.S. Treasuries and how to do it specifically.”

A selloff would hurt U.S. markets, driving up interest rates and pushing up borrowing costs. The U.S. central bank could lower its benchmark interest rate or buy debt to counter the move.

China sold the most long-dated U.S. Treasuries in almost 2-1/2 years in March. But most China experts say Beijing is unlikely to undertake a big selloff because that would lower the value of China’s foreign exchange reserves. The Chinese would be hard-pressed to find a safe alternative investment with a good yield.

    DEVALUATION

Some analysts have floated the idea of a one-off devaluation of the Chinese currency to make the country’s exports more competitive despite U.S. tariffs. But that would spook foreign and domestic investors and give the United States ammunition to sanction the country for currency manipulation.

“That is not retaliation. That is escalation of the trade war,” said Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics.

The Chinese currency has weakened nearly 4 percent since July 2018, when U.S. authorities began collecting the first China-specific tariffs. That has absorbed some of the impact of tariffs on Chinese exporters.

HARASSING U.S. COMPANIES OR SLOWING VISA APPROVALS

China’s Commerce Ministry said on Friday it will draft a list of foreign companies, organizations and individuals that it deems “unreliable” for harming Chinese companies, state-run China National Radio reported.

The move does not single out any countries or companies, but the report cited a ministry spokesman as saying the “unreliable entities list” will apply to those that flout market rules and the spirit of contracts, block supplies to Chinese companies for non-commercial reasons and “seriously harm the legitimate rights and interests” of Chinese companies.

China could target high-profile U.S. companies such as Apple (NASDAQ:), although that could backfire as millions of Chinese people depend on the tech firm for their jobs.

Goldman Sachs (NYSE:) estimates that banning Apple products could slash profits of the iPhone maker by almost a third. Apple and other U.S. firms are also vulnerable to consumer boycotts in China. There is precedent for this: South Korean companies faced boycotts when deployment of a U.S. anti-missile system angered China’s government.

Beijing could make life difficult for American banks, restaurant chains such as Starbucks (NASDAQ:), courier companies such as Fedex and commodity suppliers by opening tax inquiries, withholding licenses and other similar bureaucratic moves.

Big U.S. businesses, however, have been among those pushing for a more moderate stance in Washington, so it would not help Beijing’s case to alienate them. Many American brands in China have joint ventures with Chinese partners, and these would also be hurt by government pressure.

Both sides have already slowed visa approvals for academics; authorities could do the same for executives and government officials.

DIPLOMATIC RECALCITRANCE AND MILITARY POSTURING

Beijing could reduce cooperation with the United States on thorny international issues, such as North Korea and Iran. It could also step up military gestures in the South China Sea and around Taiwan, an unofficial U.S. ally.

RARE EARTH METALS

President Xi Jinping visited a rare earth firm in Southern (NYSE:) China earlier in May, fueling speculation China could cut off supplies of the metals, a key ingredient in high-technology consumer electronics and military equipment, to the United States as part of the trade war. China supplies 80% of U.S. rare earths.

U.S. RETALIATION AGAINST CHINA

HIGHER TARIFFS

The United States could increase tariffs on Chinese imports. Authority for that rests with Trump, who has described himself as tariff-man.

    One option would be to raise levies on $50 billion worth of Chinese technology goods, including machinery, semiconductors, autos aircraft parts and intermediate electronic components on which tariffs were imposed last July and August. The products, taxed at a 25% rate, were selected to avoid hitting U.S. consumers and to hamper China’s technology development.

SANCTIONS AGAINST SPECIFIC COMPANIES

The United States could sanction additional Chinese companies flagged for a host of issues, from alleged intellectual property theft to sanctions violations or human rights concerns.

One option would be placing more companies on a blacklist that bars U.S. suppliers from selling to them without special permits, as the Trump administration did with Huawei Technologies last month.

Washington is already considering sanctions for Chinese video surveillance firm Hikvision and equipment maker Zhejiang Dahua Technology. They are involved in surveillance at Chinese detention centers for ethnic Uighurs and other Muslims. 

The downside would be hurting U.S. companies that do business with the targeted firm.

Administration officials could further increase pressure on foreign governments to exclude Huawei from their 5G networks.

     JUSTICE DEPARTMENT CRACKDOWN

The Justice Department is likely to continue to crack down on Chinese spies and hackers for stealing technology and trade secrets from American corporations, as part of its China initiative to counter Chinese economic and security threats.

        FOREIGN POLICY AND DEFENSE LEVERS?

Tension has already risen as the United States undertakes freedom of navigation operations through the Taiwan Strait and South China Sea. China has been increasingly assertive about its sovereignty over Taiwan, which it considers Chinese territory to be brought under Beijing’s control by force if needed.

U.S. warships have sailed through the Taiwan Strait at least once a month since the start of this year. The United States restarted such missions on a regular basis last July.

    Trump’s government could impose sanctions on prominent Chinese officials seen as complicit in human rights violations of the Uighur population. Congress has urged Trump to impose such sanctions.

    Washington could also deepen a crackdown on Chinese companies that fund or supply North Korea’s nuclear programs.

Read More https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

[cute1dfacts]

Explainer: U.S.-China trade war - the levers they can pull

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

Explainer: U.S.-China trade war - the levers they can pull

© Reuters. FILE PHOTO: Illustration picture showing U.S. dollar and China’s yuan banknotes

WASHINGTON (Reuters) – The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.

Beijing has said it would retaliate after President Donald Trump blacklisted Chinese telecom giant Huawei and the United States extended tariffs to cover almost all Chinese imports.

    Chinese state media has warned that Beijing could use rare earths for its next strike in the trade war. The United States relies on China for supplies of the rare earths to make a host of high-tech products, from satellites to electric car batteries.

Here are some other possible pressure points for each side.

POTENTIAL CHINESE RESPONSES

HIKING TARIFFS FURTHER

China could impose tariffs on around $10 billion of U.S. goods that as yet carry no retaliatory tariffs.

Beijing removed some tariffs on U.S. car imports in December, and could reimpose them.

China could raise tariffs from 25 percent on some U.S. goods such as soybeans. China was the top U.S. buyer of soybeans until the trade war, which came close to halting the flow altogether. If it raises tariffs again, Chinese soy importers will seek more supplies from Brazil and elsewhere, as they did in 2018, which would hurt U.S. farmers. These are targeted tariffs, aimed at the U.S. farming community that supported Trump’s 2016 presidential election victory.

High-tech items, such as semi-conductor manufacturing equipment and chips, would be unlikely to feature on a list for higher tariffs, because China cannot easily find alternatives.

China has so far spared Boeing (NYSE:) passenger jets, its single most valuable U.S. import, from tariffs. Chinese carriers are expanding rapidly to meet rising demand, so tariffs on Boeing could slow development of the domestic travel industry.

China could buy more aircraft from France’s Airbus instead of Boeing, which would make it more reliant on Europe for a few years until it completes development of homegrown commercial aircraft, COMAC’s C919.

        DUMPING TREASURIES

China is the biggest holder of U.S. government debt, with about $1.12 trillion in U.S. Treasuries. Beijing buys Treasuries as a safe-haven for foreign exchange reserves.

The editor-in-chief of China’s influential Global Times tweeted in May that “many Chinese scholars are discussing the possibility of dumping U.S. Treasuries and how to do it specifically.”

A selloff would hurt U.S. markets, driving up interest rates and pushing up borrowing costs. The U.S. central bank could lower its benchmark interest rate or buy debt to counter the move.

China sold the most long-dated U.S. Treasuries in almost 2-1/2 years in March. But most China experts say Beijing is unlikely to undertake a big selloff because that would lower the value of China’s foreign exchange reserves. The Chinese would be hard-pressed to find a safe alternative investment with a good yield.

    DEVALUATION

Some analysts have floated the idea of a one-off devaluation of the Chinese currency to make the country’s exports more competitive despite U.S. tariffs. But that would spook foreign and domestic investors and give the United States ammunition to sanction the country for currency manipulation.

“That is not retaliation. That is escalation of the trade war,” said Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics.

The Chinese currency has weakened nearly 4 percent since July 2018, when U.S. authorities began collecting the first China-specific tariffs. That has absorbed some of the impact of tariffs on Chinese exporters.

HARASSING U.S. COMPANIES OR SLOWING VISA APPROVALS

China’s Commerce Ministry said on Friday it will draft a list of foreign companies, organizations and individuals that it deems “unreliable” for harming Chinese companies, state-run China National Radio reported.

The move does not single out any countries or companies, but the report cited a ministry spokesman as saying the “unreliable entities list” will apply to those that flout market rules and the spirit of contracts, block supplies to Chinese companies for non-commercial reasons and “seriously harm the legitimate rights and interests” of Chinese companies.

China could target high-profile U.S. companies such as Apple (NASDAQ:), although that could backfire as millions of Chinese people depend on the tech firm for their jobs.

Goldman Sachs (NYSE:) estimates that banning Apple products could slash profits of the iPhone maker by almost a third. Apple and other U.S. firms are also vulnerable to consumer boycotts in China. There is precedent for this: South Korean companies faced boycotts when deployment of a U.S. anti-missile system angered China’s government.

Beijing could make life difficult for American banks, restaurant chains such as Starbucks (NASDAQ:), courier companies such as Fedex and commodity suppliers by opening tax inquiries, withholding licenses and other similar bureaucratic moves.

Big U.S. businesses, however, have been among those pushing for a more moderate stance in Washington, so it would not help Beijing’s case to alienate them. Many American brands in China have joint ventures with Chinese partners, and these would also be hurt by government pressure.

Both sides have already slowed visa approvals for academics; authorities could do the same for executives and government officials.

DIPLOMATIC RECALCITRANCE AND MILITARY POSTURING

Beijing could reduce cooperation with the United States on thorny international issues, such as North Korea and Iran. It could also step up military gestures in the South China Sea and around Taiwan, an unofficial U.S. ally.

RARE EARTH METALS

President Xi Jinping visited a rare earth firm in Southern (NYSE:) China earlier in May, fueling speculation China could cut off supplies of the metals, a key ingredient in high-technology consumer electronics and military equipment, to the United States as part of the trade war. China supplies 80% of U.S. rare earths.

U.S. RETALIATION AGAINST CHINA

HIGHER TARIFFS

The United States could increase tariffs on Chinese imports. Authority for that rests with Trump, who has described himself as tariff-man.

    One option would be to raise levies on $50 billion worth of Chinese technology goods, including machinery, semiconductors, autos aircraft parts and intermediate electronic components on which tariffs were imposed last July and August. The products, taxed at a 25% rate, were selected to avoid hitting U.S. consumers and to hamper China’s technology development.

SANCTIONS AGAINST SPECIFIC COMPANIES

The United States could sanction additional Chinese companies flagged for a host of issues, from alleged intellectual property theft to sanctions violations or human rights concerns.

One option would be placing more companies on a blacklist that bars U.S. suppliers from selling to them without special permits, as the Trump administration did with Huawei Technologies last month.

Washington is already considering sanctions for Chinese video surveillance firm Hikvision and equipment maker Zhejiang Dahua Technology. They are involved in surveillance at Chinese detention centers for ethnic Uighurs and other Muslims. 

The downside would be hurting U.S. companies that do business with the targeted firm.

Administration officials could further increase pressure on foreign governments to exclude Huawei from their 5G networks.

     JUSTICE DEPARTMENT CRACKDOWN

The Justice Department is likely to continue to crack down on Chinese spies and hackers for stealing technology and trade secrets from American corporations, as part of its China initiative to counter Chinese economic and security threats.

        FOREIGN POLICY AND DEFENSE LEVERS?

Tension has already risen as the United States undertakes freedom of navigation operations through the Taiwan Strait and South China Sea. China has been increasingly assertive about its sovereignty over Taiwan, which it considers Chinese territory to be brought under Beijing’s control by force if needed.

U.S. warships have sailed through the Taiwan Strait at least once a month since the start of this year. The United States restarted such missions on a regular basis last July.

    Trump’s government could impose sanctions on prominent Chinese officials seen as complicit in human rights violations of the Uighur population. Congress has urged Trump to impose such sanctions.

    Washington could also deepen a crackdown on Chinese companies that fund or supply North Korea’s nuclear programs.

Read More https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

[breakbit]

Explainer: U.S.-China trade war - the levers they can pull

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull

Explainer: U.S.-China trade war - the levers they can pull

© Reuters. FILE PHOTO: Illustration picture showing U.S. dollar and China’s yuan banknotes

WASHINGTON (Reuters) – The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.

Beijing has said it would retaliate after President Donald Trump blacklisted Chinese telecom giant Huawei and the United States extended tariffs to cover almost all Chinese imports.

    Chinese state media has warned that Beijing could use rare earths for its next strike in the trade war. The United States relies on China for supplies of the rare earths to make a host of high-tech products, from satellites to electric car batteries.

Here are some other possible pressure points for each side.

POTENTIAL CHINESE RESPONSES

HIKING TARIFFS FURTHER

China could impose tariffs on around $10 billion of U.S. goods that as yet carry no retaliatory tariffs.

Beijing removed some tariffs on U.S. car imports in December, and could reimpose them.

China could raise tariffs from 25 percent on some U.S. goods such as soybeans. China was the top U.S. buyer of soybeans until the trade war, which came close to halting the flow altogether. If it raises tariffs again, Chinese soy importers will seek more supplies from Brazil and elsewhere, as they did in 2018, which would hurt U.S. farmers. These are targeted tariffs, aimed at the U.S. farming community that supported Trump’s 2016 presidential election victory.

High-tech items, such as semi-conductor manufacturing equipment and chips, would be unlikely to feature on a list for higher tariffs, because China cannot easily find alternatives.

China has so far spared Boeing (NYSE:) passenger jets, its single most valuable U.S. import, from tariffs. Chinese carriers are expanding rapidly to meet rising demand, so tariffs on Boeing could slow development of the domestic travel industry.

China could buy more aircraft from France’s Airbus instead of Boeing, which would make it more reliant on Europe for a few years until it completes development of homegrown commercial aircraft, COMAC’s C919.

        DUMPING TREASURIES

China is the biggest holder of U.S. government debt, with about $1.12 trillion in U.S. Treasuries. Beijing buys Treasuries as a safe-haven for foreign exchange reserves.

The editor-in-chief of China’s influential Global Times tweeted in May that “many Chinese scholars are discussing the possibility of dumping U.S. Treasuries and how to do it specifically.”

A selloff would hurt U.S. markets, driving up interest rates and pushing up borrowing costs. The U.S. central bank could lower its benchmark interest rate or buy debt to counter the move.

China sold the most long-dated U.S. Treasuries in almost 2-1/2 years in March. But most China experts say Beijing is unlikely to undertake a big selloff because that would lower the value of China’s foreign exchange reserves. The Chinese would be hard-pressed to find a safe alternative investment with a good yield.

    DEVALUATION

Some analysts have floated the idea of a one-off devaluation of the Chinese currency to make the country’s exports more competitive despite U.S. tariffs. But that would spook foreign and domestic investors and give the United States ammunition to sanction the country for currency manipulation.

“That is not retaliation. That is escalation of the trade war,” said Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics.

The Chinese currency has weakened nearly 4 percent since July 2018, when U.S. authorities began collecting the first China-specific tariffs. That has absorbed some of the impact of tariffs on Chinese exporters.

HARASSING U.S. COMPANIES OR SLOWING VISA APPROVALS

China’s Commerce Ministry said on Friday it will draft a list of foreign companies, organizations and individuals that it deems “unreliable” for harming Chinese companies, state-run China National Radio reported.

The move does not single out any countries or companies, but the report cited a ministry spokesman as saying the “unreliable entities list” will apply to those that flout market rules and the spirit of contracts, block supplies to Chinese companies for non-commercial reasons and “seriously harm the legitimate rights and interests” of Chinese companies.

China could target high-profile U.S. companies such as Apple (NASDAQ:), although that could backfire as millions of Chinese people depend on the tech firm for their jobs.

Goldman Sachs (NYSE:) estimates that banning Apple products could slash profits of the iPhone maker by almost a third. Apple and other U.S. firms are also vulnerable to consumer boycotts in China. There is precedent for this: South Korean companies faced boycotts when deployment of a U.S. anti-missile system angered China’s government.

Beijing could make life difficult for American banks, restaurant chains such as Starbucks (NASDAQ:), courier companies such as Fedex and commodity suppliers by opening tax inquiries, withholding licenses and other similar bureaucratic moves.

Big U.S. businesses, however, have been among those pushing for a more moderate stance in Washington, so it would not help Beijing’s case to alienate them. Many American brands in China have joint ventures with Chinese partners, and these would also be hurt by government pressure.

Both sides have already slowed visa approvals for academics; authorities could do the same for executives and government officials.

DIPLOMATIC RECALCITRANCE AND MILITARY POSTURING

Beijing could reduce cooperation with the United States on thorny international issues, such as North Korea and Iran. It could also step up military gestures in the South China Sea and around Taiwan, an unofficial U.S. ally.

RARE EARTH METALS

President Xi Jinping visited a rare earth firm in Southern (NYSE:) China earlier in May, fueling speculation China could cut off supplies of the metals, a key ingredient in high-technology consumer electronics and military equipment, to the United States as part of the trade war. China supplies 80% of U.S. rare earths.

U.S. RETALIATION AGAINST CHINA

HIGHER TARIFFS

The United States could increase tariffs on Chinese imports. Authority for that rests with Trump, who has described himself as tariff-man.

    One option would be to raise levies on $50 billion worth of Chinese technology goods, including machinery, semiconductors, autos aircraft parts and intermediate electronic components on which tariffs were imposed last July and August. The products, taxed at a 25% rate, were selected to avoid hitting U.S. consumers and to hamper China’s technology development.

SANCTIONS AGAINST SPECIFIC COMPANIES

The United States could sanction additional Chinese companies flagged for a host of issues, from alleged intellectual property theft to sanctions violations or human rights concerns.

One option would be placing more companies on a blacklist that bars U.S. suppliers from selling to them without special permits, as the Trump administration did with Huawei Technologies last month.

Washington is already considering sanctions for Chinese video surveillance firm Hikvision and equipment maker Zhejiang Dahua Technology. They are involved in surveillance at Chinese detention centers for ethnic Uighurs and other Muslims. 

The downside would be hurting U.S. companies that do business with the targeted firm.

Administration officials could further increase pressure on foreign governments to exclude Huawei from their 5G networks.

     JUSTICE DEPARTMENT CRACKDOWN

The Justice Department is likely to continue to crack down on Chinese spies and hackers for stealing technology and trade secrets from American corporations, as part of its China initiative to counter Chinese economic and security threats.

        FOREIGN POLICY AND DEFENSE LEVERS?

Tension has already risen as the United States undertakes freedom of navigation operations through the Taiwan Strait and South China Sea. China has been increasingly assertive about its sovereignty over Taiwan, which it considers Chinese territory to be brought under Beijing’s control by force if needed.

U.S. warships have sailed through the Taiwan Strait at least once a month since the start of this year. The United States restarted such missions on a regular basis last July.

    Trump’s government could impose sanctions on prominent Chinese officials seen as complicit in human rights violations of the Uighur population. Congress has urged Trump to impose such sanctions.

    Washington could also deepen a crackdown on Chinese companies that fund or supply North Korea’s nuclear programs.

Read More https://worldwide-finance.net/news/commodities-futures-news/explainer-u-s-china-trade-war-the-levers-they-can-pull