Pelosi's visit to China

      China seems to be pissed off a lot due to the White House speaker's visit to Taiwan, so much so that President Xi Ping announced military and economic retaliations against the USA.

 History: Nancy Pelosi has her reputation at stake for not backing down. She has for decades been a strong critic of China over human rights, most famously raising a banner in Tiananmen Square in 1991. And with the US midterm elections coming and Democrats sliding in polls, she is at a high risk of losing her role.

Why does this visit affect China: The Taiwanese trade route has been one of the busiest trade routes in the entire world. Control over this trade route guarantees maximum profits and control over the "Semiconductor Chips" market as TSMC (Taiwan Semiconductor Manufacturing Company) dominates the market alone. Both the USA and China have been trying to take control of whatever area possible. This visit means Nancy shows the good side of the USA to the Taiwanese people, whereas on other hand China loses its self-proclaimed autonomy over Taiwan.

What are its effects: Xi’s response so far has amounted to military exercises around the island. A Chinese EV battery company will hold off on announcing a North American plant for a month or two. Taiwan faced cyberattacks ahead of Pelosi’s arrival, with the presidential office saying it suffered a 20-minute barrage in the early evening hours that was 200 times worse than usual. 

What's in it for you: Eminnent war with Taiwan is not speculated, but surely relations between the States and China will be rough for the next few months. There is a possibility of Not Stopping  but slowing of shipments along the Taiwanese trade route. Expect Chinese futures and economy to be a bit hawkish for a week or so.

Support Links:

China's Military drills 

Nancy Pelosi's visit

China's Future actions

In case of complaints or suggestions:

Email - thetabloid24@gmail.com

Twitter

Edit :

China suspends imports of citrus fruits, chilled white stripped hairtail, frozen mackerel from Taiwan from Aug 3.

Comments

Post a Comment

Popular posts from this blog

The need for divesifiaction in imports

Image
Topic: International Trade  What is in it for you:  Of the 6,000 plant species humans have eaten over time, the world now mostly eats nine, of which just three —  rice, wheat, and maize —  provide 50% of all calories . The cheaper the food gets, and the lower the imports from the government, the dependence on the above-mentioned crops rises and given with it the dependence on a few select countries . In addition to that, people now have diets with more fats and carbohydrates, and fewer nutrients.  Effects:  The UN estimates soaring costs will push 71 million people globally below the poverty line .  Global crop yields could fall about 30% because of climate change, while food demand is expected to jump 50% in the coming decades, according to United Nations estimates. New opportunities and Future insights:  It will be a long road for any of these initiatives to make a notable difference against the trend for homogenization the industrialized supply chain promotes.  Both the current
Read more

Saudi-US Tensions Simmer

Image
A dispute over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East. Causes: Nearly two weeks on from a decision by OPEC+ to cut oil production, tensions are escalating. White House National Security Adviser Jake Sullivan fired the most recent salvo, saying the US would consider changes to the security and military support it provides Riyadh. “The president isn’t going to act precipitously,” Sullivan said on Sunday to CNN. Biden will “take his time to consult with members of both parties put over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East. Effects: In response, officials across the Middle East have denied the supply decrease was politically motivated or a reflection of support for Russia following its invasion of Ukraine. Saudi Defense Minister Khalid Bin Salman said the decision was “due to purely economic reasons,” while ministers from
Read more

The Winter is Coming

The Oil and gas from Russia are exceptionally essential for serving the winter in Europe. After all, even Hitler succumbed to it.  Causes -  The diesel which is used for generating electricity is now available in historically low amounts in North-Western Europe, so much so that by this November, an energy crisis, including blackouts and lack of fuel and electricity for large-scale industries is extremely essential. Adding to his discussion is the large-scale drying up of the Rhine (river in Germany), which supplies and transports all the diesel in Europe. The forecast of this news is so gloomy, that this river which controls trades over 80 billion USD will stop. Effects - Adding to this the already food shortages in Europe due to the war, the survival of the poorest will be challenging in the coming months. The signs of relief from the Western Superpower are low because they are themselves dealing with extreme inflation (CPI peaked at 0.2% in June).  What is in it for you - Well in mac
Read more