Trump wants to implicate China in US attacks against global order

Photo by M. B. M. on Unsplash

Global trade prospects and order is in the hands of a New York bankrupt realtor who is addicted to risk. He doesn’t care if his moves in the trade negotiations harm his own country, as long as the spectators applaud. On Thursday 9 May the American President Donald Trump didn’t hesitate to hike import tariffs from 10% to 25%  on Chinese goods of a value of $200 billion, whilst the Chinese vice Premier Liu He was in Washington to tie up the trade agreement but in vain. Understandably, China is expected to take countermeasures.

The only White House worry must have been how this new Trump thrust will play in the American media jungle. Thank God, the Chinese dignitary didn’t quit the trade talks’ table to return to Beijing but remained in Washington D.C. Liu accepted to continue participating in the negotiations and met again with the U.S. Trade Representative, Robert Lighthizer and the Treasury Secretary, Steven Mnuchin.

Trade talks to linger

This development gave Trump the opportunity to boast about what he had ‘achieved’. The next day after he astounded Liu He with the increased tariffs, he said in a tweet: “Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries. In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations”.

During two difficult days the world was holding its breath. On Friday morning the Wall Street capital market opened violently lower. It recovered some of the losses only when it became clear that the Chinese mission decided to remain in the current round of trade talks. Similarly difficult settings overwhelmed world’s main markets.

Europe alarmed

Also, on Friday, the French Minister of Finance, Bruno Le Maire, swiftly commented negatively on this new dangerous Trumpism. He stressed “an escalation in the trade dispute between China and the United States posed the gravest threat to global growth and threatened jobs across Europe”. Le Maire added, “There is no greater threat to world growth. It would mean that trade tariffs go up fewer goods would circulate around the world. Jobs in France and in Europe would be destroyed.”

Indisputably during the last two days of this past week the major capital markets of the world have suffered massive losses amounting at around $2 trillion. Undoubtedly, Trump’s game with global trade order is dangerous and costly, even for his own country. Still, he doesn’t care as long as his macho style of foreign policy receives applause in the American Midwest.

Bullying everybody

Trump’s aggressive ways are also in motion against Iran and Venezuela. In the last case Trump even contemplates taking the “offer” of the private army ‘Black Water’ founder Erik Prince. This warmonger proposes to launch a ‘private’ military assault against the elected government of Venezuela to overthrow Maduro. Of course, this ‘private’ military assault will be on US taxpayers’ ample funding. For decades stealing the oil reserves of another country has been a standard option for Washington. However, now it will be the first time Washington exclusively employs a ‘private army’ on public pay, to invade another country. ‘Black Water‘ has proudly acquired its know-how in Iraq.

Undoubtedly, privatization is reaching new heights in Trump’s universe. Still it’s only privatizations in name, because such projects usually absorb more taxpayers’ money than before. It’s the super generous subsidies that make privatizations attractive. This is the neo-liberal latest invention and it’s actually a swindle of global dimensions.

A huge swindle

All in all, the latest Trump games with the global trade order have to be seen as a part of a greater picture; there are power circles in the US and elsewhere promoting more neo-liberal cheating. Actually, Washington asks Beijing to support this drive. The White House characteristically demands that the Chinese government abandons its multiannual economic development plans and leave overall economic growth in the hands of the private sector. Naturally, this lucrative new market has to be open to US firms.

This is the main obstacle for Beijing to agree a viable bilateral trade agreement with Washington. Beware however; this new American drive for more ‘privatization’ stems from the need for new private profit sources, to sustain the ever increasing incomes and wealth inequality. The US economy is today around 50% straight public (adding all levels of government; federal, state, county). It used to be more public some years ago.

All in all, the White House risks to dangerously disturb global order in trade and otherwise in order to ‘globalize’ its wicked neo-liberal thrust, for more privatizations on the shoulders of taxpayers’ money. It’s actually the only way for the big business to turn out more ‘real’ profits This endeavour has already triumphed in education, health and the military and the space constellations.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Brexit Preparedness: European Commission adopts final set of “no-deal” contingency measures for Erasmus+ students, social security coordination rules and the EU budget

Why the ECB prepares to flood the markets with more and free of charge euro; everybody needs that now

Only a few months away from the single European patent space

Latvian economy is thriving, but boosting productivity, improving social protection and transitioning to a low-carbon productive model are vital for sustainable and inclusive growth

Mental health as a tool of survival at the Pandemic

We must move from egocentric to ecocentric leadership to safeguard our planet

MEPs call for a reduction in pesticides to protect bees

Artificial Intelligence raises ethical, policy challenges – UN expert

‘No other possibility but to leave’: UN News special report from the Nigeria-Cameroon border as 35,000 newly-displaced seek safety

The UK referendum has already damaged Europe: even a ‘remain’ result is not without cost to Britain and the EU

The Central Mediterranean migration route in times of COVID-19

Is Europe ready to cooperate with the rest of the world? Can Germany change its selfish policies?

Donald Tusk presents EU summit conclusions for last time

UN chief announces progress on committee to shape Syria’s political future

How to make primary healthcare a favourable career choice for medical students: strategies and reflections

Workplace bullies could now go to jail in South Korea

Yemen war: The battle rages on, children suffer most

Is euro to repeat its past highs with the dollar?

UN agency assists Central American caravan migrants, voices concern for receiving countries

The best companies to work for in 2020, according to Glassdoor

Syria’s Idlib ‘on the brink’ of a nightmare, humanitarian chiefs warn, launching global solidarity campaign

Things are bad and getting worse for South Africa. Or are they?

UN rights chief ‘extremely concerned’ over deadly crackdown on protesters in Iran

The Next Web 2014, the biggest European conference on Internet so far and the Absence of Brussels from Amsterdam

We should treat data as a natural resource. Here’s why

After Brexit and Grexit, Brussels to deal with Poloust

Aung San Suu Kyi defends Myanmar from accusations of genocide, at top UN court

The financial world upside-down: debt failure closer

COP21 Breaking News: Conference of Youth Focuses on Hard Skills to Drive Greater Climate Action

Talent is worldwide. Opportunity is not. How can we redistribute it?

EU elections 2019: Trump’s share in the support of populism

A ‘system value’ approach can accelerate the energy transition. Here’s how

Universal Health Coverage in the EU: Are we really leaving no one behind?

We can build a carbon-neutral world by 2050. Here’s how

COVID-19: What the evidence so far means for containment

Is Britain to sail alone in the high seas of trade wars?

Τhe EU Refugee Crisis: a day in the life of a Refugee in Greece

Mergers: Commission opens in-depth investigation into PKN Orlen’s proposed acquisition of Lotos

Syria: WHO appeals for funding to sustain critical health care for millions trapped by conflict

Coronavirus: EU Civil Protection Mechanism activated for the repatriation of EU citizens

Look no hands: self-driving vehicles’ public trust problem

Sydney is choking on record levels of smog – and the bushfire season is just getting started

South Sudanese refugees need $2.7 billion, as safe return remains elusive

The Amazon is reaching a dangerous tipping-point. We need to scale solutions now if we have any chance of saving it

More funds needed to counter ‘persistent and multi-faceted humanitarian problems’ in Ethiopia

Yoga as medicined for the mental distress amidst the COVID-19 pandemic: integrative and complementary practices

UN chief condemns explosion at election rally in Zimbabwe that injured dozens, including senior politicians

Will COVID-19 usher in a new culture of outdoor living and dining?

Juncker’s Investment Plan in desperate need for trust and funds from public and private investors

Who is to lose from the 6-month extension of the EU economic sanctions against Russia?

Killing of aid worker in Syria part of ‘disturbing trend’

Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment

The 28 EU leaders don’t touch the thorny issues

EU Budget 2019: no deal before the end of the conciliation period

Here’s how retailers can encourage more sustainable behaviour

Step up action to protect the planet during wartime: UN environment chief

Another doomed EU attempt to interfere in Libya?

We have to learn to trust Artificial Intelligence. Here’s how

COVID-19: A time screaming for positivity

Access to health in the developped and developing world

More Stings?

Advertising

Leave a Reply to “Trump and Trumpism” – Google News: Trump wants to implicate China in US attacks on global order – The European Sting – Trump and Trumpism Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s