China Has Purchased Less Than One-Third Of Goods It Promised Under Phase One Deal 

China Has Purchased Less Than One-Third Of Goods It Promised Under Phase One Deal 

Tyler Durden

Mon, 09/28/2020 – 19:20

President Trump has touted his "historic" US-China trade agreement as a boon for America’s farmers. Still, a little more than eight months have passed since the deal was signed, and Beijing has purchased less than one-third of the US exports it said it would buy this year under the agreement. 

A summary of China’s monthly purchases of US goods covered by the deal, derived from Chinese customs (China’s imports) and the US Census Bureau (US exports) data, presented by Peterson Institute for International Economics (PIIE), shows China’s year-to-date total imports of covered US goods (as of August) were $56 billion, versus the prorated year-to-date target of $115.1 billion.

What this means for the prorated year-to-date target as of last month is that China is about 48% below the levels it needs to fulfill the trade deal this year. As for the full-year target of $172.7 billion, well, China has only purchased less than a third. 

Here is PIIE’s breakdown of China’s imports by product type, showing Beijing is severely behind in purchases of agriculture, manufactured goods, and energy products. 

Covered Agriculture Products

For covered agricultural products, China committed to an additional $12.5 billion of purchases in 2020 above 2017 levels, implying an annual target of $36.6 billion (Chinese imports, panel b) and $33.4 billion (US exports, panel c). Through August 2020, China’s imports of covered agricultural products were $11.0 billion, compared with a year-to-date target of $24.4 billion. Over the same period, US exports of covered agricultural products were $9.6 billion, compared with a year-to date target of $22.3 billion. Through the first eight months of 2020, China’s purchases were thus only at 43 percent (US exports) or 45 percent (Chinese imports) of their year-to-date targets.

Covered Manufactured Products

For covered manufactured products, China committed to an additional $32.9 billion of purchases in 2020 above 2017 levels, implying an annual target of $110.8 billion (Chinese imports) and $83.1 billion (US exports). Through August 2020, China’s imports of covered manufactured products were $41.5 billion, compared with a year-to-date target of $73.9 billion. Over the same period, US exports of covered manufactured products were $33.2 billion, compared with a year-to-date target of $55.4 billion. Through the first eight months of 2020, China’s purchases were thus only at 60 percent (US exports) or 56 percent (Chinese imports) of their year-to-date targets.

Covered Energy Products

For covered energy products, China committed to an additional $18.5 billion of purchases in 2020 above 2017 levels, implying an annual target of $25.3 billion (Chinese imports) and $26.1 billion (US exports). Through August 2020, China’s imports of covered energy products were $3.5 billion, compared with a year-to-date target of $16.9 billion. Over the same period, US exports of covered energy products were $4.8 billion, compared with a year-to-date target of $17.4 billion. Through the first eight months of 2020, China’s purchases were thus only at 27 percent (US exports) or 21 percent (Chinese imports) of their year-to-date targets.

Despite the lack of purchases, Trump continues to tell farmers the deal is "fully intact." Nevertheless, increased friction between both countries over coronavirus, technology transfers, and Taiwan have erupted this year, making it less likely for Beijing to fulfill its phase one obligations as it has gone elsewhere.  

A new development that could weigh on US purchases is that China appears to be urging domestic companies to limit imports of foods from countries where the virus pandemic continues to rage

Readers should be asking one simple question: Why isn’t the Trump administration being held accountable for not enforcing their own trade deal?

via ZeroHedge News

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Mark Levin Blasts ‘The Rock’ for Claiming to Be a ‘Centrist’ in Biden Endorsement


Over the weekend, action star Dwayne “The Rock” Johnson — who calls himself a “political centrist” — endorsed Democrat Joe Biden and his far-left VP candidate, Kamala Harris, for the 2020 elections. The announcement spurred radio talk show giant Mark Levin to slam “The Rock” for abandoning his supposed centrism.

The Rock posted a fawning remote video “interview” with Biden and Harris that many said made a mockery of his self-professed “centrist ideologies,” as he says of himself in the video.

But while Johnson puffs himself up as a moderate, talker Levin points out the logical fallacy in The Rock’s display of politics.

Levin slammed Johnson for abandoning his “centrism.”

“By the way, to show you what a clown ‘the Rock’ truly is, he says he’s a centrist and Independent, yet he’s effusive in his support for Kamala Harris, who’s the most leftwing senator in the Senate (left of Sanders!), and was the most vicious and vile hack of the bunch during Brett Kavanaugh‘s confirmation hearings. This should make you even more active in re-electing President Trump,” Levin wrote.

Many of Johnson’s fans agree with Mark Levin. The Rock has thrown away any credibility he may have had as a “centrist.”

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.

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Donald Trump Announces Plan to Ship 150 Million Rapid Coronavirus Tests to High-Risk Communities


President Donald Trump on Monday announced a plan to ship 150 million rapid point-of-care coronavirus tests to high-risk communities in the United States.

“In a short period of time, my administration has built the most advanced testing system in the world,” Trump said, noting that 243 different tests for the virus exist today.

The rapid tests developed by Abbott Laboratories deliver results within 15 minutes, without having to send it to a lab for processing.

“We’re down to something, that you’ll see, is really from a different planet,” Trump said.

The president asked Adm. Brett P. Giroir, the Assistant Secretary for Health at the Department of Health and Human Services, to demonstrate the test at a press conference he had in the Rose Garden at the White House.

“Good luck,” Trump joked. “I hope you don’t test positive.”

Giroir said that the administration had already shipped 65,000 of the tests to disaster operations in California, Oregon, Texas, and Louisiana as well as 2.1 million of the rapid-tests to nursing homes.

“Today we start the shipment of 100 million tests to governors with a total of 6.5 million tests this week,” Giroir said.

The president said he would send 50 million tests to protect the most vulnerable population in nursing homes, assisted living facilities, and home hospice care.

He also said he would send 100 million tests to help states reopen their schools, including tests for HBCU and tribal universities.

The president said that he would continue to use the tests to protect the more vulnerable elderly communities but allow younger and healthier Americans to go back to work.

“It’s important to remember that as younger and healthier people return to work and as we massively increase testing capacity, we will identify more cases and asymptomatic individuals in low-risk populations,” he said. “This should not cause undue alarm. The total number of cases is not the full metric of success.”

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Will President Trump wipe the floor with Joe Biden?: Conservative hosts cast predictions for upcoming debate

"Stu Does America" host Stu Burguiere, and Sara Gonzales of "Sara Gonzales Unfiltered" sat down and predicted how the first presidential debate would go down between Democratic nominee Joe Biden and President Donald Trump.

"What do you expect out of the debate?" Stu asked. "Some are sitting here looking at this election and saying Trump might be a little behind in the polls, but ‘this is the moment.’ Trump is going to wipe the floor with Joe Biden."

He went on to ask Sara if Trump will destroy Biden or if conservatives are a "little bit too excited about it?"

Watch the video for Sara’s response. Catch the full podcast here.

Missed an episode? No problem. Subscribe to Stu’s podcast.

Use promo code STU to save $10 on one year of BlazeTV.

Want more from Stu?

To enjoy more of Stu’s lethal wit, wisdom, and mockery, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

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Here Are 4 Potential Hotspots Where The Next World War Could Erupt At Any Time

Here Are 4 Potential Hotspots Where The Next World War Could Erupt At Any Time

Tyler Durden

Mon, 09/28/2020 – 19:40

Authored by Robert Wheeler via The Organic Prepper blog,

If 2020 had a slogan, it would be “The Year Of Our Discontent.” This sentiment is felt in virtually every country globally as national governments declare war on their economy, the working class, the poor, and the very old and the very young. In America, the “discontent” is genuine.

Already reeling from a mass propaganda campaign of division created by the MSM corporate outlets, Americans were still attempting to claw their way out of an economic depression with some success.

Then, of course, came COVID.

China engaged in a massive police state repression of what few individual liberties existed, locking residents in their apartment buildings, disappearing doctors, and, allegedly, patients themselves. Australia and Western Europe joined in the hysteria, with Australia attempting to become as totalitarian as the Chinese and mainly succeeding.

Western Europe engaged in the biggest propaganda campaign since the war in Iraq and the United States. Locked in some media manipulated struggle, Western Europe saw its governments shut down their economies, deploy National Guard troops, enforce lockdowns, and wear masks for their states’ populations.

As a result of the implementation of Communo-Fascism, the world’s economy tanked, shrank, and may never come back as long as these governments and “leaders” remain in power.

In America, however, amid the economic collapse and COVID hysteria, a new threat has emerged.

Almost every major city in America is experiencing violence on a nightly basis. Riots, physical assaults, vandalism, and street clashes are becoming ordinary. Some conflicts are deadly as the “right” begins to fight back against the attacks of the “left.” We’re seeing armed conflict in our streets on an increasingly regular basis.

For those living in America, the civil war, societal disruption, and chaos sowed overseas for so many years appear to be germinating back home.

In other words, the empire appears to be collapsing as they all inevitably do.

But, when empires collapse, they often leave a vacuum. At the very least, they present opportunities to other powers and, especially, other empires.

In addition to America’s problems at home, it appears the entire world might be sleepwalking into a third World War and yet another “restructuring” of the world order. Seemingly localized incidents have an international and global root, and the reverberations will be felt across the entire planet.

While most people alive today might believe that the first World War was a direct result of the assassination of Franz Ferdinand, the truth is somebody laid the groundwork for that war years prior. Indeed, even after the assassination, the sparks did not immediately fly. As Historian Christopher Clark wrote, the world was “sleepwalking” into one of the greatest catastrophes of the 20th Century.

It took over a month before the first shots of the war were truly fired after the assassination. In the meantime, the world’s population carried on as it had prior – going to work, going to school, engaging in business, etc. Politicians crowed about national dignity and others about retribution. In a sense, once the initial shock of the assassination had worn off, life continued as usual until it didn’t.

It is now entirely possible that we find ourselves in just the same type of situation.

While the world’s people are focused on a virus and America teeters on the brink of a civil war, the world’s governments are positioning themselves for a global conflagration, the likes of which we have never seen if for no other reason that the existence and proliferation of nuclear weapons.

Below are just a few examples of the world’s current hotspots that could, at any moment, drag the entire globe into a military confrontation.

Armenia | Azerbaijan

The Armenia/Azerbaijan conflict continues apace. Both sides have fired at one another repeatedly over the past few years. On Sunday, however, the situation erupted and an official state of war was declared in the region.

Zero Hedge reports:

“Early in the morning, around 7 a.m. the Azerbaijani forces launched a large-scale aggression, including missile attacks…” Armenia’s Defense Ministry stated Sunday. Armenia has since reportedly declared martial law and a “total military mobilization” in what looks to be the most serious escalation between the two countries in years.

Air and artillery attacks from both sides ramped up, with each side blaming the other for the start of hostilities, while international powers urge calm. Crucially, civilians have already been killed on either side by indiscriminate shelling. At least a dozen soldiers on either side have also been reported killed.

Armenia’s high command has ordered all troops throughout the country to muster and report to their bases: “I invite the soldiers appointed in the forces to appear before their military commissions in the regions,” a statement said. (source)

While previously avoiding large-scale military clashes, there is potential to bring in much more significant players – Russia and Turkey and NATO itself- as both nations are acting as patrons and weapons suppliers to the Armenians Azeris. Read the article, “Regional Conflict Brewing In Azerbaijan, Armenia,” to get a clear understanding of the conflict taking place.

United States | Russia

Although things might not appear as dangerous today as they did during the time period of Obama’s “red lines” in Syria and the highest point of American provocation in Ukraine, 2020 has marked direct, albeit minuscule, skirmishes between Russians and Americans in Syria.

Incidents of fistfights followed numerous Russian and American refusals to allow others to pass through checkpoints. American and Russian soldiers have intentionally run each other’s patrols off the road, resulting in injuries. It is now commonplace for these forces to collide in this manner, with one or the other being forced off the highway by a slightly more substantial contingent of opposing forces, complete with helicopters circling overhead.

Even if the Russian and American militaries’ strategy is to “let boys be boys,” how long will it be before those boys decide to fire on one another?

Of course, there is a second front where the United States and Russia could potentially find themselves in a military conflict, one even more dangerous than Syria. After all, Ukraine is on the border of Russia and, for that reason, an immensely more important region. Russia maintains a covert force in Eastern Ukraine.

In contrast, the United States maintains troops in Western Ukraine, and shelling still occurs regularly between the Western and Eastern sides. Any major incident between the two would have cataclysmic repercussions for the world. While Russia might not go all the way to defend Syria, it will absolutely do so in Ukraine.

China | India | South East Asia | Japan | United States

While analysts seem divided on China’s question – some argue China is a victim of US imperialism, while others see it as the root of all evil – the truth is somewhere in between.

China and the US are unquestionably at odds with one another. However, China is every bit as much an empire as the United States, and it is much more adept at playing the long game.

However, recently, as the Trump administration in the United States begins calling out unfair trade practices, WTO favoritism, and Free Trade policies and attempting to bring jobs back to the United States from Chinese sweatshops, China has responded more traditionally.

From retaliatory and targeted tariffs (fair enough) to alleged cyber attacks, China is responding. However, the Chinese response has come in the form of traditional military tactics and preparing for “unrestricted warfare” with the United States. In other words, war with no rules.

But China has also increased its aggression against its Asian neighbors in the east, most notably Japan and Vietnam. Chinese friction with Japan is perhaps the most well known, and it centers around the Senkaku Islands (Diaoyu in China). Also, China is attempting to extend its borders in the South China Sea by creating artificial islands to stretch its maritime claims.

Japan is now openly preparing for war with China, having changed its Constitution to allow its army to operate overseas and begin planning stages for a defensive strategy of offense.

Its tensions with Vietnam and the Philippines also stem from a desire to impose its empirical desires upon those sovereign governments generally within the orbit of the United States.

Taiwan has always been a sore spot with China, with PROC maintaining that it’s the ultimate goal is “liberation” and return of Taiwan to mainland China. However, recently, China has become even bolder in its claims, threatening imminent war to reclaim Taiwan.

Greece | Turkey

Greek and Turkish relations have always been tense. Yet, Western audiences persist in believing they are outside of history and that any Euro-Med country is beyond the point of starting pointless wars.

However, Turkey’s moves in the Mediterranean in 2019 (signing a maritime treaty with Libya involving Greek waters and islands without informing Greece) and attempting to explore for gas and oil in Greek territorial waters have led to several face-offs between the two countries, including some alleged and unconfirmed clashes between naval and coast guard forces.

A war between Turkey and Greece would necessarily involve the rest of Europe, as evidenced by the fact that France has already sent token air support to the region to deter Turkey.

Of course, Germany’s close relationship to Turkey may not put it on the side of Europe and possibly raise tensions between France and Germany if the conflict goes too far. Europe may very well find itself in yet another inter-European quagmire with the wildcards of NATO, US, Russia, and the ironically capitalistic Chinese waiting in the wings.

Conclusion

This is by no means an exhaustive list of conflicts shaping up around the world. It is merely a glimpse into some of the more significant possibilities that might launch this planet into a repeat of 1914 when the modern world was sleepwalking into the greatest catastrophe it had yet to see.

We can no longer afford to continue sleepwalking. Like the first World War, a new world will undoubtedly rise out of the ashes. But these ashes will be nuclear, and the world will be far different from the one in 1919.

The building blocks for that world are already in place, but that is a topic for another article.

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Joe Biden’s Texas Political Director Dallas Jones Accused of Illegal Ballot Harvesting


Dallas Jones

Joe Biden’ Texas political director was formally accused of helping run an illegal ballot harvesting operation.

According to the National File two investigators, including a former FBI agent and former police officer, testified under oath they have VIDEO EVIDENCE, documentation and witnesses for their investigation.

The accused Democrat official, Dallas Jones, was named the Biden campaign’s Texas Political Director in early September.

Read the rest at The National File.

Here is a copy of the legal document filed today in Harris County Texas.

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The post Joe Biden’s Texas Political Director Dallas Jones Accused of Illegal Ballot Harvesting appeared first on The Gateway Pundit.

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Military Officials Reveal Disturbing Trend Among Troops During Pandemic

Military suicides have gone up 20 percent in comparison to the same time last year, while Army active duty suicides specifically have gone up 30 percent, officials said, according to The Associated Press. The increased numbers come as service members grapple with deployments, the coronavirus, national disasters and civil unrest, the AP reported. Army and…

The post Military Officials Reveal Disturbing Trend Among Troops During Pandemic appeared first on The Western Journal.

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Video: Historically Black University Humiliates Biden After He Claims To Have ‘Started Out’ There

Biden has been described as having ‘the limber storyteller’s tendency to stretch’ the truth. STORY: http://w-j.co/s/3e40b

The post Video: Historically Black University Humiliates Biden After He Claims To Have ‘Started Out’ There appeared first on The Western Journal.

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Dick Morris: Trump Did Not Avoid Taxes, He Prepaid Them

Contrary to the false impression in the New York Times story, Donald Trump did not avoid taxes. He prepaid them. In 2016 and 2017, he requested and got an extension to file his returns. As required, he made an estimated tax payment of $1 million in 2016 and $4.2 million in 2017. Then, it turned…

The post Dick Morris: Trump Did Not Avoid Taxes, He Prepaid Them appeared first on The Western Journal.

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