China’s Done With USA: Brutal 54% Tariff Signals End Of Trade, BRICS Is The Future

I went to check Chinese commentary and found that China is not playing games.  So, I wanted to write about that, but thought .. let me check what Seun Foo says.

Let’s just see … China has not stopped since just literally a few hours ago it declared reciprocal tariffs.  It did not stop there. Since then ..

– China’s General Administration of Customs suspends import qualifications of six US enterprises:

The suspensions include one US enterprise involved in sorghum exports to China, three enterprises dealing with poultry meat and bone meal, and two enterprises exporting poultry products.

– China announces export control measures on certain rare earth-related items.

China’s Ministry of Commerce (MOFCOM) and the General Administration of Customs (GAC) announced on Friday to implement export controls on certain medium and heavy rare earth-related items.

In accordance with the country’s Export Control Law and other relevant laws and regulations, the MOFCOM, together with the GAC, published an announcement on Friday regarding the implementation of export control measures on seven categories of medium and heavy rare earth-related items, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium.

These measures are effective from the date of the announcement, according to the official announcement. In other words, right now.

– Chinese market regulator launches anti-monopoly probe into DuPont

The State Administration for Market Regulation, China’s top market regulator, announced on Friday night that it has launched an investigation into DuPont China Group, a subsidiary of the US firm DuPont, for suspected violation of China’s Anti-Monopoly Law.

– TikTok.  China said that they will not talk about Tik Tok until trade and tariff discussions happen.

– China launches industrial competitiveness investigation into imported medical CT ball tubes. Also on Friday, the MOFCOM announced to launch an anti-dumping investigation into imported medical CT tubes from the US and India.

The anti-dumping investigation was initiated at the request of the domestic industry, and the products under investigation are certain ball bearing medical CT tubes, the MOFCOM said.

– US govt sued by civil legal group over Chinese import tariffs

The lawsuit, filed in federal court in Florida, alleges that President Trump lacked the legal authority to impose the sweeping April 2 tariffs as well as duties authorized on February 1 under the International Emergency Economic Powers Act, Reuters reported.

NCLA is a nonprofit public interest civil rights group founded in 2017 by Columbia Law School professor Philip Hamburger, according to CCTV.

And more:

– China adds 11 US companies to unreliable entity list for ‘military technology cooperation’ with the island of Taiwan

China’s Ministry of Commerce has added 11 US companies, including American manufacturer of drones Skydio, to the unreliable entity list, according to an official statement on Friday.

– China looks further usually than simply the economics. Xinhua Commentary: “Reciprocal tariffs” only lead to reciprocal losses, suffering. Building a better world requires shelving the obsession with tariffs and pursuing shared development based on openness and cooperation.

There are further issues raised at the WTO which, as an organization, may not survive this, unless the RoW considers that there is a benefit for them.

Here is Saun: (Chess vs Snakes and Ladders, he calls it)