San José, CA – On Monday, August 5, China replied to Trump’s new tariff threat by calling off the purchases of U.S. agricultural products and weakening government support for the RMB, China’s currency. In response the RMB fell to 14 U.S. cents, meaning it will take slightly more than 7 RMB to buy one U.S. dollar. Soybean prices also fell, as China is the largest foreign buyer of U.S. soybeans.
San José, CA – On Thursday, July 31, President Trump tweeted that he would be imposing new tariffs, or taxes, on the $300 billion of Chinese goods not covered by his 25% tariffs. U.S. stocks took an immediate dive, giving up all of their 300-point gain to drop 280 points for the day. They continued to fall on Friday, leading to the worst week for U.S. stocks all year.
Minneapolis, MN – June 4 marks the 30th anniversary of the 1989 anti-socialist turmoil in Beijing’s famed Tiananmen Square and the decisive moves by the government of the People’s Republic China to confront counter-revolution. The U.S. State Department, the corporate media (and some unthinking people who parrot their lies), will speak about a ‘massacre’ that never happened, and use the opportunity to breathe some life into an anti-communist paper tiger that has lost its power to compel or convince.
San José, CA – On Friday, April 26, the Bureau of Economic Analysis (BEA) issued its first report on economic growth in 2019. The country’s Gross Domestic Product, or GDP, which measures the total production of goods and services, grew at a 3.2% annual rate during the first three months of the year (January to March). This was stronger than most economists expected.
To mark the 125nd anniversary of the birth of Chinese revolutionary Mao Zedong, Dec. 26, Fight Back News Service is circulating Mao Zedong’s 1944 speech ‘Serve the People.”
San José, CA – On Sept. 17, President Trump announced that tariffs of 10% will be slapped on $200 billion of Chinese goods starting Sept. 24. These tariffs will rise to 25% at the beginning of 2019. Trump also said that he would put tariffs on another $267 billion dollars of imports from China if China responds to his tariffs. Along with the tariffs on $50 billion of Chinese imports already in place, this would mean steep tariffs on virtually all of the $500 billion in goods that the United States buys from China.
_Tariffs on an additional $200 billion of Chinese imports includes Christmas lights _
San José, CA – While most Americans won’t have a ‘white Christmas’ this year, many of us will be looking forward to the displays of lights on many homes and businesses. Now the Trump administration’s escalating trade war with China threatens to dim this coming holiday celebrations – or at least make them more expensive.
San José, CA – On Friday, June 15, President Trump signed orders to place tariffs (taxes) on $34 billion of imports from China beginning July 6. The office of the U.S. Trade Representative (USTR) will be imposing tariffs on another $16 billion of imports from China in the near future for a total of $50 billion in imports facing 25% taxes. This represents another turnaround in trade from a few weeks ago, when Trump’s Commerce Secretary Steve Mnuchin said that the trade war was “on hold” after initial negotiation with the Chinese government, which had offered to increase purchases of U.S. goods and further open the Chinese economy to foreign investments.
The New China News Agency (Xinhua) is reporting that Xi Jinping, the General Secretary of the Communist Party of China, told a May 5 Beijing gathering to commemorate the bicentennial of Karl Marx’s birth that Marx is the “teacher of revolution for the proletariat and working people all over the world, the main founder of Marxism, creator of Marxist parties, a pathfinder for international communism and the greatest thinker of modern times.”
Part three of a three-part interview with Professor Masao Suzuki
This is part three of a three-part interview. Click for part one and part two of this interview.Fight Back!: President Trump seems intent on risking on a trade war with China in order to narrow the U.S. trade deficit. Trump thinks the U.S. trade deficit means that the U.S. is a loser, and by bringing down the trade deficit the U.S. economy will grow by the same amount, creating jobs and income here in the U.S. What do you think?
The U.S. stock market fell again Friday, April 6, with the broadest measure, the S&P 500, falling more than 2%. This followed President Trump’s tweet on Thursday that he would ask for a list of an additional $100 billion in imports from China to put tariffs on, raising the total to more than $150 billion. It was also revealed that there are no negotiations between China and the U.S., raising the likelihood of a full-blown trade war.
Fight Back News Service is circulating the following April 16, 1968 statement from Mao Zedong on the assassination of Martin Luther King.Statement by Comrade Mao Zedong, Chairman of the Central Committee of the Communist Party of China, in Support of the Afro-American Struggle Against Violent Repression
San José, CA – On March 22, the U.S. stock market staggered with the Dow Jones Industrial Average falling more than 700 points or almost 3%. That day, President Trump had fired an opening salvo of trade restrictions aimed at China by announcing steep tariffs on $60 billion of imports from China. He promised that this was just the first of many restrictions on Chinese goods in what could be a new trade war with China.
To mark the 124nd anniversary of the birth of Chinese revolutionary Mao Zedong, Dec. 26, Fight Back News Service is circulating his oft-quoted 1945 speech to the 7th Congress of the Communist Party of China, “The Foolish Old Man Who Removed the Mountains.”
Washington, DC – In a June 23, People's Daily Online article, it was reported that “scientists at the China Academy of Engineering Physics (CAEP) announced recently that they have perfected a laser gun capable of shooting down drones flying at low altitudes. The laser system performed well during experiments and tests, shooting down over 30 small aircraft.”
A Nov. 26 report from the New China News Agency (Xinhua), states that Chinese President Xi Jinping sent a message of condolence to his Cuban counterpart, Raul Castro, after Cuban revolutionary leader Fidel Castro passed away late Friday at the age of 90.The English translated version of the message is as follows:
Washington DC – China’s Foreign Ministry Spokesperson Lu Kang condemned President Obama’s June 15 White House meeting with the Dalai Lama, stating “Tibetan affairs fall entirely within China's domestic affairs which brook no foreign interference. The 14th Dalai Lama is not a pure religious figure, but a political exile that has long been engaged in anti-China separatist campaigns under the cloak of religion. The so-called ‘middle path’ he peddles boils down to ‘independence of Tibet.’ The meeting between the U.S. leader and the Dalai Lama in whatever form goes against the U.S. commitment of recognizing Tibet as part of China, and not supporting ‘Tibetan independence’ nor activities that attempt to split up China.”
To mark the 122nd anniversary of the birth of Chinese revolutionary Mao Zedong, Fight Back News Service is circulating his oft quoted 1945 speech at the Seventh Congress of the Communist Party of China.
