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welcome to Crossroads new tariffs are expected to be announced against the Chinese Communist Party within around two weeks now it’s expected to Encompass a long list of products from electric vehicles to chips to medical devices maybe others as well reers is saying the US trade Representatives Office said on Tuesday that some of the Steep us tariffs increases on an array of Chinese Imports including electric vehicles and their batteries computer chips and medical products will be delayed by by at least 2 weeks and know it USR said it may said in May those tariffs would take effect on August 1st we just passed it but the office said it is still reviewing 1,100 comments received and now expects to issue a final determination in August so soon and it’s the office added the new tariffs will take effect approximately two weeks after the final determination is released and that President Joe Biden in May opted to keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others including a quadrupling of import duties on Chinese EVS to over 100% And doubling semiconductor duties to 50% now remember part of this is is about just you know existing tariffs the stuff that started under Donald Trump but there are other key Parts like the Chinese Communist Party enabling Russia’s War The increased you know CCP military threats and also the Chinese Communist Party openly trying to push the United States out of its markets you know again a lot of these tariffs started when the US started a trade war with the Chinese Communist Party the context was you know back in 2019 2018 right around then Donald Trump was trying to make a trade deal with the CCP and then covid happened Co outbreak of course spread around the world the CCP had wolf Warrior diplomacy they were attacking other countries you know in terms of trade like punishments like Australia and so on and of course that started a deeper trade War the tariffs and the punishments against the Chinese Communist Party put in place at that time were then maintained under Joe Biden Joe Biden then expanded several of those as we discussed some of them but what we’re seeing now is that the CCP rather than pulling back they’ve actually gotten more aggressive and now it’s come to the point where for example the ccp’s econom and its ability to you know prop up Russia is what’s causing the war in Ukraine the CCP using trade is trying to actively undermine the United States among its allies the Chinese Communist part is increasing its military threats and given this of course you know the big weak point for the CCP right now is not necessarily challenging it militarily because we’re not that far yet it’s on the business side and so given these factors the issues that led to the tariffs to be put in place in the first place have significantly increased from when they were first introduced and so we’re very likely to watch even deeper tariffs this time around now like the Chinese Communist party’s recent incursions into the air defense zone of Alaska that’s important because when the CCP did that while of course you know still trying to make friendly gestures elsewhere trying to be the peace broker between Russia and Ukraine making deals with the you know the Gaza Strip factions and so on when it made those incursions into the Alaskan Air Defense Zone it was giving a direct threat to the United States using what could be you know nuclear capable bombers and these direct threats against the United States you know really could impact the decisions being made right now on how much deeper possibly these tariffs should go also look the Chinese Communist part is trying to dump products from excess manufacturing on markets and this has the potential to destroy some of these markets remember also the European Union is talking about tariffs and also sanctions notably against the Chinese Communist Party sanctions being of course mostly in response to the CCP being deemed the key enabler of Russia’s war in Ukraine but the tariffs also just being on the fact that because the CCP has excess manufacturing they need to get rid of that if they dump it onto a market it’s going to cause a price drop in the market and it has the potential to destroy some of the local Industries and so the tariffs are necessary for the survival of some of these industries that is the policy in the trend right now and so the excess markets in China will also very likely be taken into consideration with this when NATO determined that the Chinese Communist party is the like the key enabler of Russia’s ability to continue its war in Ukraine that is also important because what’s happening right now as well the CCP has a dueling peace deal for Ukraine that opposes the US L kind of international order peace deal for Ukraine if you know vomir zalinski accepts the peace peace deal on the ccp’s side that means that Russia and the Chinese Communist Party get what they wanted out of this essentially and right now is a key time because it looks like they really want to end this war these sanctions or tariffs or whatever they Cho choose to do at this time that could be one of the decisive factors that affects this now like I mentioned how this relates to the you know Russia and Ukraine the key to ending the war again is not just on giving War funds to Ukraine the US has been backing Ukraine in the war the key to ending the war right now to disarming Russia to bringing them to the you know the negotiating table is disabling the ccp’s economy to the extent that the regime can no longer afford to keep the war going on its end the CCP is the weak Link in other words and its economy in particular to end the war China has become a vital partner for Russia however China has been accused of building up moscow’s War Machine by providing critical components Secretary of State Anthony blinkin you know he pointed out as much in the recent interview watch what China is doing or what some of its Enterprises are doing is to provide critical components for Russia defense industrial base uh things like Machine Tools micro electronics and Optics those are being used uh to help Russia on what’s a an extraordinary uh crash course effort to make more Munitions tanks armored vehicles missiles and um the the actions that Russia’s taken um are going at a pace unlike any we’ve seen in its modern history including the Soviet Union during the Cold War and this could not be happen happening without the support that China’s providing we’ve taken action um already against Chinese entities that are engaged in this uh and what I made clear today is that if China won’t act we will now on this note the timing right now is extremely important the United States is basically in a race right now to the Finish Line against the Chinese Communist party and in Ukraine you know president vomir zalinski is kind of caught in the middle of this he’s trying to get a peace deal with the US us and this side he’s also negotiating with the Chinese Communist party right now to try to get them to end the war on their side and the reason he’s going to China for these talks is because the CCP again is the enabling Factor on Russia’s side and because of this he’s going to China for talks and ending the war Because he believes they can do it if they just stop supporting it now Reuters stated this Ukrainian president vomir zalinski said on Wednesday that kib does not want China to act as a mediator in its 29-month-old conflict with Russia but hoped Beijing would apply greater pressure on Moscow to end the war because again their economy is what’s propping it up and know that zalinski speaking to French media Outlets also said that while Ukraine insisted on restoring its 1991 post Soviet borders it would consider opening talks with Russia before all of moscow’s troops were withdrawn if the conditions were right and he said quote if China wants to it can force Russia to stop this War I do not want China to act as a mediator I would like it to put pressure on Russia to put an end to this war and he said that just as the United States is applying pressure just as the European Union is applying pressure the more influence a country has the greater should be its pressure on Russia and again look the timing with this the new incoming tariffs in China are important because those tariffs rather than you know the ccp’s turn terms for negotiations the tariffs could put pressure on Russia because they could disable the parts of the Chinese economy that give it that Authority and that power remember also the United States seems to be very much aware of the role the CCB is playing in the war AP said this China has surged sales to Russia of machine tools microelectronics and other technology that Moscow in turn is using to produce missiles tanks aircraft and other Weaponry for its War against Ukraine according to a US assessment it says that two senior B Administration officials who discussed the sensitive findings in April 12 on the condition of anonymity said that in 2023 about 90% of Russia’s microelectronics came from China which Russia has used to make missiles tanks and aircraft it states that nearly 70% of Russia’s approximately $900 million in Machine Tool Imports in the last quar of 2023 came from China and again given the fact that they have identified the elements that are supporting Russia’s War those could become targets but actually of course just disabling those wouldn’t technically deal with the whole thing because this is trade between China and Russia not trade between China and the United States or through orth Europe if they want to actually impact this with tariffs it’s not really possible they probably need sanctions and the sanctions more than likely would be through the banks they would have to go through other means to impact it or damage the ccb’s economy to the extent that it could no longer sustain that support now the general assessment is that the CCP is doing this for its own reasons the Chinese Communist party is offering a competing peace deal between Russia and Ukraine but on the ccp’s own terms and remember as we’ve discussed before on the show the ccp’s agenda right now with within Europe and within the Middle East and within Asia is this whole idea of a Eurasian Empire it’s based on this idea this strategy that whoever dominates Eurasia dominates the world and if the CCP can reinvigorate you know the former Soviet Union and reinvigorate the Soviet influence over a lot of the Muslim world and reinvigorate the Soviet influence over a lot of the Asian region and the CCP then unites that with new trade deals and so on the CCP will then have that power Ukraine is one of the big key pieces to this and of course that ties in with Russia’s interest but the CCP again inserting itself into these peace deals has said in its own words that it wants this to have be something that serves the interests of China they have their own skin in the game and remember also the peace deal on the ccp’s terms should be taken in context of the other actions the regime is making elsewhere including again with it’s pushing of the Hamas side of the war in Gaza which is very likely going to draw that war out but by doing so is you know kind of galvanizing a lot of these more extremist countries on the side of the Chinese Communist party and when the recent Israeli air air strikes against Hamas and Hezbollah targets including within Iran the CCP is putting itself on the other side of that conflict against the United States and notably against Israel but in such a way that Israel may have to go to the China if they want to have a peace deal they want to bring an end to this and so as that war is expanding the CCB is putting itself in such a position that it is drawing it out while making sure that it benefits from it in the long term now look other news the pensions of many US government employees they’re still invested in China but that’s actually right now finally starting to change I’ll be talking more about this after we come back from a quick break experts agree one of the best ways to protect against Financial uncertainty is to diversify your portfolio learn how physical gold and silver can secure your retirement funds from today’s economic challenges with a gold Ira from American Hartford gold you can Safeguard your wealth with no penalties or taxes when you transfer your current qualifying retirement accounts call now and our precious metals Specialists will send you a free information kit no cost or obligation American Hartford gold a trusted industry leader with an A+ from the Better Business Bureau has a five-star rating from thousands of happy clients whether you are getting physical precious medals in a gold Ira or delivered to your doorstep we offer only the highest quality gold and silver for your peace of mind we also offer a no fee buyback commitment a low price guarantee along with free shipping and free insurance so don’t wait call the number on your screen today and secure your financial future [Music] welcome back the pensions of many US government employees are in China now that’s actually finally starting to change and this could actually be gearing up right now not just for upcoming tariffs on the CCP which could impact the Chinese economy but also on projections that the Chinese economy is in serious decline people are taking their money out The Epic Times said that several states are divesting their public Pension funds from China amid grow gr public distrust of the regime in Beijing although billions of retirement dollars remain invested in the Communist nation and not at 42 states have at least one public pension fund invested in China or Hong Kong which again the CCP forcibly took over according to the Rubicon report from future Union a nonprofit group headed by venture capitalist Andrew King it states five states Florida Missouri Indiana Kansas and Oklahoma are divesting at least $1.2 billion in Pension funds from China in Illinois legislation has been introduced at iest from adversarial Nations Arizona’s Governor has vetoed a similar measure and we see this now continuing as a trend now we’re also seeing similar moves notably with hedge funds Reuters said Global hedge funds have trimmed their exposure to Chinese equities to the lowest in 5 years while ramping up investment in Japan Goldman Sachs said in a note to clients it says the retreat highlights investors deep-seated concerns about China’s economy Chinese Shares are nearly flat this year as early gains betting a rally fizzled owing to a disappointment over policy measures to revive a flagging economy again during the third plenum the CCP was expected to announce the big plan to save the Chinese economy they had a lot of high talk but nothing tangible and they also warned about you know pain to come suggesting that really for the next maybe 10 years or longer they just expect things to get bad but it note that selling an Emerging Market stock last month was led by China with Mainland as shares dominating the outflows according to a Goldman Sachs Prime service team report this week and as a result it says hedge funds net allocation to China including investments in onshore and offshore Chinese equities fell to the lowest level in 5 years they said but they note in contrast allocations to Japan climb to fouryear highs by the end of July now with this of course this suggests that it’s not just based on strategy it’s not just based on concerns over adversarial Nations like some of these different states pulling pensions out of China are talking about it’s also just because of the basic kind of financial issues at hand and just basic you know investor interests if the hedge funds are pulling the money out of CH they’re probably not doing it out of like moral reasons usually not they’re doing it out of financial reasons they’re doing it because they think they’re going to lose money if they’re there and that’s based on I think stuff we’re watching on the surface part of that yes does tie into the adversarial relationship but the Chinese Communist party is threatening many Western countries many Asian countries and of course also increasing a lot of these threats including with recently flying bomb into the air defense zone of Alaska given that situation in the ccp’s increased threats and pending tariffs and also the talk of sanctions against the CCP both in Europe and within the United States the Chinese Economy based on the security element alone could be impacted by political moves but even aside from the political side even with just comes to the state of the Chinese economy itself it does not have a clear road map to actually fix the problems that are currently leading to the crumbling of its economy and investors are looking at these things and they’re pulling their money out and notably as they pull their money out that is causing the problem to become worse in China it’s going to make it start spiraling because as it gets increasingly worse as people pull their money out and as the different methods it has tried to impose fail which they have been as that takes place it’s going to be less and less viable to have your money there now there are other things as well happening now we talked before about temu and shien right these are these big Chinese e-commerce websites they trying to compete with the Amazon and they’re doing it through a lot of kind of Gray Zone tactics uh using things to get around paying duties going directly from Chinese factories to American consumers and using a lot of kind of very odd tactics that maybe are questionably legal well temu is now facing pressure not just outside of China but also within China Bloomberg said that hundreds of merchants staged a rally at PDD Holdings Inc their offices in southern China this week protesting what they called unfair penalties that temo’s owner that company is increasingly levying and not the protest was the culmination of growing frustration among merchants and third-party sellers who feel that this top level company PDD is increasingly squeezing them for revenues as it embarks on a costly Global expansion it notes their complaint center on PD’s practice of withholding payments to Merchants who are judged to have fallen short on customer expectations the people said and that includes anything from missing delivery deadlines to mismatch product listings it says those penalties or fines have risen sharply in recent months often without clear explanation they said PDD or temu typically either withhold payments for products already sold or Levy a fine of several times the retail prices some say it’s even you know five times what they charge like the fine for it if there are problems and of course that money goes in these Chinese factories now look this is kind of to be expected us companies American companies a lot of Americans may not know this but globally what they’re known for is good service you know things like being being able to return a product just because you don’t like it that is not what’s normal in most of the world most of the world if you buy a product and you don’t like it and you bring it back to try to return it they’re going to point you to the door and tell you to go walk through it they’re not going to give you a refund they’re not going to take it back they’re going to show you to the exit American companies have this type of service and American companies maintain that is kind of one of the things that make us actually pretty V viable for a lot of the world but again that’s not normal for a country like China to try to compete with that is going to be very difficult because you know you need a lot of infrastructure you need a lot of you know factories and warehouses you need a lot of things to hold products in different areas and the ability to quickly replace things if problems come up but the problem you have with temu and Shen and these websites is that a lot of them go directly from Factory to Consumer and notably all the way in China where the factories are for them to just return it you have to like ship it all the way back to China right they don’t they cut out the middleman that’s kind of how their whole system works look the other side you know with Amazon for example a lot of costs on returns or contested payments they end up actually going to the vendors um this is actually not on Amazon itself typically and this is also something not widely known if for example you buy a product on Amazon and you want to return it or you contest the payment a lot of times the costs are not shouldered by Amazon the costs are shouldered by the company that sold the product using their platform and so if for example you buy a computer or you buy a shirt or something like that and it doesn’t arrive for example maybe maybe there were problems in shipping maybe someone stole your package you know both are issues and you go to your bank and you contest the payment well you don’t have to to pay for it but then the contesting of the payment goes to the seller now under normal circumstances if you buy a product from like a local store in your neighborhood and you contest a payment they can actually come after you and contest it with you but oftentimes with these big platforms that’s very difficult and so this type of customer service that exists it’s tied in with the banking system it’s tied in with the laws of this country it’s tied in with a lot of other infrastructure we have that allow for these typ of things to happen customer service China doesn’t really have that and so with temu facing these problems now one of their big issues is also that products are coming all the way from China they cut the prices on shipping you know by cutting out the middlemen and then of course using various means to bypass different charges and shipping costs and duties and things like that so the price on our side is kind of unrealistically low but it ALS Al looks like they sell at a loss even despite that because they’re trying to grow globally so what happens then if the vendors in China need to shoulder those costs here or in other countries because there’s a lot of them when there are issues then that really hits them hard because it’s taking a company that works on a lot of Gray Zone tactics to cut costs and that puts all the actual costs when there are problems on the manufacturers you know whenever something comes up and that’s going to be a lot of money especially when you’re dealing with a global company of that size and you’re dealing with you know customer service on a global level and anytime there’s an issue you’re shouldering the cost this is likely going to be one of the big big pieces of that Big D Jenga Tower getting pulled out right from under it because it’s going to be difficult for that form of business model they have with this to sustain itself if they have to deal with this but the other issue is again if they’re going to be doing business in America and if they’re going to be doing business in parts of Europe and business in a lot of other countries and most importantly if they want to compete with Amazon then they need to have competing policies they need to have things in place to make sure that when issues with customer service comes up that they can resolve them and so this is a necessary component to that business strategy if they want to compete with Amazon and that necessary component is running into serious problems and as this happens things are not looking good for the Chinese economy in general the regime right now they’re sending a message to people in China get ready to face some necessary pain I’ll be talking more about what’s happening in the Chinese economy only on Epic tv.com that’s the uncensored streaming platform of The Epic Times so if you’re watching on YouTube Facebook X Rumble there’s a link in the description below you can click on that and get access to the rest of this episode as well as our library of show shows and our hard-hitting documentaries on issues that really matter like the Chinese Communist party’s 100-year plan to defeat the United States the CCP is one of the biggest threats to America they’re using things like propaganda even video games entertainment movies culture to subvert and influence the next Generations this unrestricted war against our country is one of the scariest but least understood issues of our time because look it’s not tangible it’s all being done through soft power means and ideological subversion I spent over a decade investigating the CCP subversion and frankly it’s such an important issue that I made a documentary called The Final War which exposes this 100-year plot of the CCP to take down America so you’d like to find out more about what’s actually happening right now in the ccp’s plots against America watch the final war you can find the link in the description below and I’ll show you all the trailer before we go exclusively to epct tv.com for the rest of this episode I’ll see you there the greatest threat facing the United States is the CCP The Epic Times investigation team had studied the CCP for years but what we uncovered was yielding evidence beyond our imagination with chairman ma with the Prime Minister our talks have been characterized by frankness a Clinton administration said oh don’t worry about it this will be a poison pill for China China China’s strategic goal is to make sure that the US has four enemies and one of them must be a terrorist group we are giving of our life’s blood so that the Chinese Communist Party can survive and thrive
Video Title: New Tariffs on China Incoming; Plot Thickens on Temu
Video Tags: CCP,China,Chinese Communist Party,New sanctions,United States,electric vehicles,chips,medical devices,Chinese e-commerce,giant Temu,Crossroads,joshua philipp epoch times,crossroads,news,crossroads with joshua philipp,epoch times,documentary,the epoch times,live joshua philipp,Live Q&A joshua philipp,epochtv news,epoch, #Tariffs #China #Incoming #Plot #Thickens #Temu
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Video Date: 2024-08-05 08:28:06
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