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China Steel Output Hits All Time High, Setting Stage For Escalating Trade War

China Steel Output Hits All Time High, Setting Stage For Escalating Trade War

While the long-term consequences of Trump's first trade war salvo launched today will become obvious only in hindsight, it may have come at an opportune moment: just as China prepares to flood the world with record amounts of steel. Overnight, the National Statistics Bureau reported that even as Beijing intensified its war on smog, local steel output "paradoxically" hit a new monthly record in July, some 74.02 million tonnes, up 10% Y/Y (or 50% more than China's GDP) and higher than the previous record of 73.23 million tonnes set in June.

Conspiracy Or Chaos?

Conspiracy Or Chaos?

[image]https://www.eyeonspain.com/userfiles/07-There-May-Be-Trouble-Ahead[1].jpg[/image]

Authored by Jim Quinn via The Burning Platform blog,

“The main thing that I learned about conspiracy theory is that conspiracy theorists believe in a conspiracy because that is more comforting. The truth of the world is that it is actually chaotic. The truth is that it is not The Iluminati, or The Jewish Banking Conspiracy, or the Gray Alien Theory. The truth is far more frightening – Nobody is in control. The world is rudderless.” – Alan Moore

Trump Launches Trade War With China By Signing Memorandum On Chinese IP Laws

Trump Launches Trade War With China By Signing Memorandum On Chinese IP Laws

Today at 3pm, President Trump signed a memo addressing “China’s laws, policies, practices, and actions related to intellectual property, innovation, and technology” effectively firing the first shot in what many predict will blossom into an all-out trade war with China.

As discussed over the weekend, administration officials said Saturday that memo will direct U.S. Trade Representative Robert Lighthizer to consider investigating China over its IP policies, especially the practice of forcing U.S. companies operating in China to transfer technological know-how.

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