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Media Report
April 18 , 2018
  • The New York Times：U.S. Moves to Block Sales by Chinese Telecom Equipment Makers
    The New York Times reports: "The United States undercut China's technology ambitions on Tuesday, advancing a new rule that would limit the ability of Chinese telecommunications companies to sell their products in this country. The Federal Communications Commission voted unanimously to move forward with a plan that would prevent federally subsidized telecommunications carriers from using suppliers deemed to pose a risk to American national security. The decision takes direct aim at Huawei, which makes telecommunications network equipment and smartphones, and its main Chinese rival, ZTE, sending a message that the government doesn't trust them. A day earlier, the government barred ZTE from using components made in the United States, saying the company had failed to punish employees who violated American sanctions against North Korea and Iran."
  • Fox News：US farmers concerned Trump's trade war with China will hurt them
    Fox News reports: "Douglas Coleman is a soybean farmer who tends 5,000 acres in 10 different counties in Virginia. On the day Fox News caught up with him, high winds meant that he had to put off fertilizing for another day.... A bigger frustration is coming from Washington and Beijing. The prospects of a looming trade war between the U.S. and China has already hurt many farmers. The Washington Post reported that earlier this month, "in the hours after China floated a levy on soybeans, futures prices dropped 4 percent, or 40 cents, to $9.97 a bushel, approaching the break-even point on many farms." It may get worse. "It would put some people out of business, including maybe ourselves. We can't just keep going without nothing," Coleman said. Coleman is hardly alone. Farm state lawmakers are hearing an earful from farmers who are heavily dependent on exports. "
  • Bloomberg：U.S. Trade Deficit Does Not Reflect Subsidiaries in China
    Daniel Moss comments in Bloomberg: "American companies are doing much more in China than the U.S. trade deficit suggests. It's their greatest weakness. The deficit, the difference between what the U.S. imports from China and what it exports there, widened to $375 billion last year. It sounds like a lot. President Donald Trump and others take it as evidence that the relationship between the world's two largest economies is out of whack. But comparing imports to exports is not a full picture of American commerce with China. A closer look reveals that U.S. firms are in significantly better shape than the deficit suggests -- and therefore also are more vulnerable to a trade war. The huge missing ingredient in the trade deficit number is the business done in China by American companies."


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