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Media Report
April 10 , 2019
  • Bloomberg reports, "President Donald Trump is sending a clear message to the economic policy makers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it. With his latest threat to impose tariffs on $11 billion in imports from the European Union -- from helicopters to Roquefort cheese -- the U.S. president offered a vivid reminder that, even as he moves toward a deal with China to end their tariff wars, he has other relationships he's eager to rewrite. That's not encouraging for global growth, with the International Monetary Fund and others pointing to the uncertainty over Trump's assault on the global trading system as a damper on business investment and sentiment. Should they materialize, the new tariffs will be in retaliation for what the U.S. has long claimed are illegal subsidies to Airbus SE and cap a 14-year fight between Boeing Co. and its European rival at the World Trade Organization."
  • The New York Times reports, "President Tsai Ing-wen of Taiwan welcomed American dignitaries on Wednesday in the face of rising tensions with China, saying the self-ruled island needed to protect itself 'from new, sophisticated threats coming from across the strait.' Ms. Tsai made the remarks at a dinner at the American Chamber of Commerce in Taipei in honor of the 40th anniversary of the Taiwan Relations Act, the law that has guided the United States' unofficial relationship with the island's government. The dinner was but the latest round of signaling of Washington's resolve to stand by Taiwan as tensions mount with Beijing. In the past two weeks, Washington, Taipei and Beijing have traded words over Chinese jet incursions, Taiwan's requests for American-made fighter jets, the American military presence in its unofficial embassy in Taipei, and Ms. Tsai's recent stop in Hawaii."
  • Reuters reports, "The U.S. Commerce Department said on Wednesday that it is adding 37 Chinese companies and schools to a red-flag list of 'unverified' entities that U.S. companies should treat with caution, according to a notice in the Federal Register. The list, which takes effect on Thursday, also includes six organizations in Hong Kong, four in the United Arab Emirates, two in Malaysia and one in Indonesia. One company on the list is the Aisin Nantong Technical Center, a Chinese subsidiary of a Japanese auto parts manufacturer. Another is Beijing Bayi Space LCD Materials Technology Co Ltd, which has received patents for high-end screen technology. Several other of the companies named specialize in precision optics, electronics, machine tools or aviation. The listing means that the U.S. companies will treat the organizations with caution, said Kevin Wolf, a former assistant secretary of commerce for export administration."
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