Apple CEO Tim Cook Pressed Commerce Secretary Lutnick on iPhone Tariff Impact
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Dollar-yuan exchange rate surges to 7.41 level in offshore markets following US announcement of potential 104% tariff on Chinese imports, signaling escalating trade tensions
#YonhapInfomax #DollarYuanExchangeRate #OffshoreCurrency #USTariffs #ChinaTrade #MarketReaction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57787
Yonhap Infomax · Offshore Dollar-Yuan Rises to 7.41 Level on US Announcement of 104% Tariff on China
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US announces a 34% 'reciprocal' tariff hike on China, effective April 9. Economists warn average US tariffs on Chinese goods could soar to 65%. 
#USTariffs #ChinaTrade #TradeWar #Economy #GlobalTrade #USPolitics #TariffIncrease
https://www.europesays.com/1898220/ ‘Two sessions’ 2025: who’s up and who’s down in China’s economy? #14thFiveYearPlan #Beijing #China #ChinaEconomy #ChinaFinance40Forum #ChinaManufacturing #ChinaTechnology #ChinaTrade #DeepSeek #DonaldTrump #Economy #FudanUniversity #Hangzhou #NuclearPower #RealEstate #SDICSecurities #TsinghuaUniversity #Unitree
Continued thread
> By 1837 opium accounted for 57 per cent of all of China’s imports..
> .. possibly, no single economic policy has.. been more successful.. than the British.. opium scheme... as intended, it solved the #EastIndiaCompany’s balance of payments problem: the drain of silver from England to China ended, and huge quantities of bullion began to flow in the other direction. In 1837 a Qing official estimated that the equivalent of 20 million pounds sterling was pouring out of China annually..
#ChinaTrade
Continued thread
> ... China was quite exceptional. But things began to change with the #OpiumWars, the extraction of concessions from China by European countries. The system began to fragment. Local mandarins frequently became corrupt and sold off the granaries. China in the 1860s experienced three civil wars, the largest of which — the #TaipingRebellion
— is probably the bloodiest in world history.
#ChinaTrade #OpiumTrade
Continued thread
> China in the eighteenth century had the most effective civil service in the world. It was unique in its capacity to deal with large-sale environmental events and to relieve famine...
https://jacobin.com/2018/10/mike-davis-late-victorian-holocausts-famine-mao-stalin
#ChineseEconomy #MikeDavis on #China Pre- #OpiumWar #OpiumTrade #ChinaTrade
jacobin.comMike Davis on the Crimes of Socialism and CapitalismWe’ve heard for decades that socialism has a body count. But how does it compare to capitalism? Mike Davis discusses Stalin, Mao, and the staggering holocausts of capitalism’s nineteenth-century heyday.
Continued thread
> "The kind of expertise they [Perkins and Co.] bring to [opium] in terms of managing goods and finances is something that starts in the slave trade," says Dael Norwood, an assistant professor of history at Binghamton University who studies 19th-century U.S.-China trade.
> And money earned selling slaves helped fund the China trade.
#DaelNorwood #SlaveTrade and #DrugTrade for the #BostonBrahmins #ChinaTrade #USChinaTrade
Continued thread
> The firm has spent more than a decade building an elaborate smuggling operation to protect what's become its most valuable commodity in China... With employees on the scene year-round, the firm can optimize profits on the drug — which is still legal in the United States, but illegal in China...
#DrugRunning #ChinaTrade compared in the book to #PabloEscobar and the #AndeanTrade