• [stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

    China Reneged On Everything

    May 8, 2019
    China Reneged On Everything

    U.S. President Donald Trump tweeted two days ago that tariffs would be rising immediately on Chinese goods. He apparently took this action as reports are China sent a diplomatic cable Friday evening of last week which reneged on all major concessions the Chinese had given the Trump administration in the trade negotiations over the last year.

    We at CD Media have been warning for months regarding the Chinese agenda for world dominance, joining the chorus of other China hawks in the American political and national security establishment. Beijing is not about to curtail its nefarious, mercantile practices as habits like stealing American corporate secrets and forced technology transfer are integral to China's end goal, which is dominance over America

    The current Chinese assumption is that America is weak, and will not hold on to its principles in this fight, eventually signing a weak deal, and then China can go back to its old ways. In short, give 'Trump an empty win to get re-elected and then we can go back to ripping them off'.

    CNBC quotes a private-sector source as saying, “China reneged on a dozen things, if not more ... The talks were so bad that the real surprise is that it took Trump until Sunday to blow up."

    “After 20 years of having their way with the U.S., China still appears to be miscalculating with this administration.”

    In each of the seven chapters of the draft trade deal, China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war: theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation, wrote CNBC.

    Americans need to realize, as so eloquently laid out by Steven Bannon in his recent Oped in the Washington Post, that trade policy is just part of a comprehensive effort by China to usurp the West for global leadership and financial, military power. This involves spying domestically, undermining our education system, supporting Marxism in the U.S. though the Democrat party, and aggressive military policy in the South China Sea and elsewhere.

    All we can say at CD Media is thank God for Donald J. Trump.



    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of

    Inline Feedbacks
    View all comments
    Patrick Henry

    No surprise. The Chinese government is a criminal enterprise. Heck even just doing business with the Chinese through ebay or Amazon is gamble. I can't imagine how many billions they've pilfered from everyday American's who bought Chinese stuff that was never delivered or broke because of poor quality.


    We don't need China!

    No deals with criminals.

    Honest John

    The Chinese have a valuable ally in our Democrats and Deep State operatives. It's two football teams - they may want to beat each other BUT both want to be "the king on the game".


  • Subscribe to our evening newsletter to stay informed during these challenging times!!