Trade War

Why Biden is Unleashing a Full-Scale Chip War Against China

November 4, 2022 UNAC Editor Global Trade, Trade Wars

by Marc Vandepitte and Jan Jonckheere, published on Workers World, November 2, 2022 Technology is the key to the future. It is the basis for military might, on the one hand, and economic productivity and a competitive position in the world market, on the other. Until recently, the U.S. had an unassailable, dominant position on both fronts. The White House[…]

Sanctions and the New Cold War on China

September 30, 2022 UNAC Editor China, Corporatism, Imperialism, Legislation, Political Analysis, Sanctions and Economic Warfare, Trade Wars, US Foreign Policy

by Carlos Martinez, August 2022 Background The instinctive attitude of the United States towards the Chinese Revolution was of course one of hostility. In a protracted war between progress and reaction, between the future and the past, the governments of the US and the People’s Republic of China were, and are, are on opposite sides of the barricades. Hence shortly[…]

The Black Alliance for Peace Condemns the “America COMPETES Act”

February 12, 2022 UNAC Editor Asia, China, Trade Wars

Black Alliance for Peace Press Release February 7, 2022 — On Friday evening February 4th, the US House of Representatives passed the “America COMPETES Act of 2022 (H.R. 4521).” The stated intent of the legislation is to strengthen “America’s national and economic security and the financial security of families, and advance our leadership in the world.” While this claim, found in[…]

The New Cold War Against China

August 22, 2019 UNAC Editor China

By Fred Goldstein posted to Workers World on August 14, 2019 During the Cold War and the struggle that put the USSR and China on one side and imperialism, headed by Washington, on the other, revolutionaries used to characterize the conflict as a class war between two irreconcilable social systems. On one side was the socialist camp, based upon socialized[…]

Neoliberalism Has Met its Match in China

August 9, 2019 UNAC Editor Capitalism, China, Global Economics

by Ellen Brown, published on Truthdig, August 7, 2019 When the Federal Reserve cut interest rates last week, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4% and gross domestic product growth was above 3%. If anything, by the Fed’s own reasoning, it should have been raising rates. Market pundits explained that we’re[…]

Working People Have No Stakes In a Trade War

June 20, 2018 UNAC Editor Featured, Trade Wars

President Donald Trump, Managing Director of the International Monetary Fund Christine Lagarde, and Germany Chancellor Angela Merkel at the G7 summit in Québec, on June 9. (Photo: Yves Herman / Reuters) A joint statement by Socialist Action (U.S.) and Socialist Action/Ligue pour l’action socialiste in the Canadian state. The recent imposition of a 25% tariff on steel imports to the United States and[…]