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WASHINGTON: US lawmakers, politicians and officials are training their weapons in China, and some of them want to send a bill to Beijing for unleashing a global pandemic that has cost Washington more than 26 million jobs and billions of dollars in aid costs.
Anger in political circles, particularly in the Republican Party, has been manifested in legislative proposals seeking to allow US citizens to sue China in US courts for the pandemic, demand sanctions from Chinese officials, and, in the most extreme suggestion , defaulting on $ 1 over a trillion of US debt to China.
The former US ambassador. USA Before the UN and the former governor of South Carolina, the American Indian Nikki Haley, widely seen as a possible last-minute vice presidential candidate for a second Trump term, is one of those who press to act against Beijing. “China’s communist government must be held accountable for its role in lying about the coronavirus pandemic, and the United States Congress must respond now,” Haley said in a STOP petition for communist China that received enthusiastic endorsement in circles. Republicans this week.
Among other steps, Haley called for the Trump administration to end China’s dominance of critically important supplies and to bring the manufacture of medical equipment and pharmaceuticals to the United States.
Other American lawmakers want to go even further. In a hasty suggestion, South Haley’s fellow Carolinian Senator Lindsey Graham, who has an ear for President Trump, called for the more than $ 1 trillion in U.S. Treasury securities that China owns to be canceled. Some lawmakers have called for a “pandemic tariff” on Chinese products.
Experts have warned that any such default will derail the global financial system based on confidence in US Treasury bonds. USA Underwritten by the promise of refund from the US government. USA India, among countries like Japan and many Gulf nations, has around $ 160 billion in US Treasury bonds. Your foreign exchange reserves are held in US securities for periodic interest.
The extreme measures being proposed against Beijing come amid growing adverse public opinion toward China. About 66 percent of Americans now have an unfavorable view of the country, compared to 47 percent three years ago just after Trump took office, according to the Pew Research Center. Republicans have an unfavorable opinion of 72 percent.
Going back to the Nixon era, USA. USA Initially, it made heavy geopolitical investments in China (and its ally Pakistan) to counter the former Soviet Union (and at the expense of India). But now he is realizing that China escaped with the US outlay to become a global rival to the United States, even as Russia paled in relative economic insignificance. The United States is now desperately trying to recoup its investment in China.
Both countries are locked in an economically MAD (Mutually Insured Destruction) scenario that generally applies to nuclear war. The United States relies on China’s supply chain logistics for a wide range of iPhones products and a range of white goods. China, in turn, depends on the consumption of the United States for its growth and prosperity. American farmers also depend on Chinese consumption for their agricultural products.
President Trump, who has been very hot on China lately, has not revealed what he thinks about the growing pressure from the range and the Republican record to get tough on Beijing. But his cabinet directors, particularly Secretary of State Mike Pompeo and National Security Adviser Robert O’Brien, have channeled public mistrust, saying China must be held accountable for the loss of life and the huge economic costs.
Pompeo, who spoke to his Indian counterpart S.Jaishankar earlier in the week, said the United States will work with other countries “to make sure they understand that the virus originated in Wuhan, China, and that the Chinese government certainly knew about this in December 2019. ”
“Diplomatically, we are reaching out to countries around the world to help them do the right thing, to help their economies start working again, to make sure that when the time is right we can drive international travel so that global trade can resume, “Pompeo said.
On Friday, Trump held his shortest briefing on the coronavirus at the White House, after just 25 minutes without asking questions after the previous day’s fiasco, where he reflected on the injection of disinfectants into the human body to kill the coronavirus. He later claimed that he was being sarcastic.
Sarcasm was lost in a country where the death toll from the pandemic crossed 53,000 on Saturday, accounting for almost 25 percent of global Covid-19 deaths, with a total number of cases approaching one million. Despite this, several states began to reopen their businesses, responding to a public frustrated by the loss of employment and access to public spaces.
Florida and California beaches were particularly crowded, and apparently people noted that studies show that the coronavirus malfunctions in sunlight and heat.
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Anger in political circles, particularly in the Republican Party, has been manifested in legislative proposals seeking to allow US citizens to sue China in US courts for the pandemic, demand sanctions from Chinese officials, and, in the most extreme suggestion , defaulting on $ 1 over a trillion of US debt to China.
The former US ambassador. USA Before the UN and the former governor of South Carolina, the American Indian Nikki Haley, widely seen as a possible last-minute vice presidential candidate for a second Trump term, is one of those who press to act against Beijing. “China’s communist government must be held accountable for its role in lying about the coronavirus pandemic, and the United States Congress must respond now,” Haley said in a STOP petition for communist China that received enthusiastic endorsement in circles. Republicans this week.
Among other steps, Haley called for the Trump administration to end China’s dominance of critically important supplies and to bring the manufacture of medical equipment and pharmaceuticals to the United States.
Other American lawmakers want to go even further. In a hasty suggestion, South Haley’s fellow Carolinian Senator Lindsey Graham, who has an ear for President Trump, called for the more than $ 1 trillion in U.S. Treasury securities that China owns to be canceled. Some lawmakers have called for a “pandemic tariff” on Chinese products.
Experts have warned that any such default will derail the global financial system based on confidence in US Treasury bonds. USA Underwritten by the promise of refund from the US government. USA India, among countries like Japan and many Gulf nations, has around $ 160 billion in US Treasury bonds. Your foreign exchange reserves are held in US securities for periodic interest.
The extreme measures being proposed against Beijing come amid growing adverse public opinion toward China. About 66 percent of Americans now have an unfavorable view of the country, compared to 47 percent three years ago just after Trump took office, according to the Pew Research Center. Republicans have an unfavorable opinion of 72 percent.
Going back to the Nixon era, USA. USA Initially, it made heavy geopolitical investments in China (and its ally Pakistan) to counter the former Soviet Union (and at the expense of India). But now he is realizing that China escaped with the US outlay to become a global rival to the United States, even as Russia paled in relative economic insignificance. The United States is now desperately trying to recoup its investment in China.
Both countries are locked in an economically MAD (Mutually Insured Destruction) scenario that generally applies to nuclear war. The United States relies on China’s supply chain logistics for a wide range of iPhones products and a range of white goods. China, in turn, depends on the consumption of the United States for its growth and prosperity. American farmers also depend on Chinese consumption for their agricultural products.
President Trump, who has been very hot on China lately, has not revealed what he thinks about the growing pressure from the range and the Republican record to get tough on Beijing. But his cabinet directors, particularly Secretary of State Mike Pompeo and National Security Adviser Robert O’Brien, have channeled public mistrust, saying China must be held accountable for the loss of life and the huge economic costs.
Pompeo, who spoke to his Indian counterpart S.Jaishankar earlier in the week, said the United States will work with other countries “to make sure they understand that the virus originated in Wuhan, China, and that the Chinese government certainly knew about this in December 2019. ”
“Diplomatically, we are reaching out to countries around the world to help them do the right thing, to help their economies start working again, to make sure that when the time is right we can drive international travel so that global trade can resume, “Pompeo said.
On Friday, Trump held his shortest briefing on the coronavirus at the White House, after just 25 minutes without asking questions after the previous day’s fiasco, where he reflected on the injection of disinfectants into the human body to kill the coronavirus. He later claimed that he was being sarcastic.
Sarcasm was lost in a country where the death toll from the pandemic crossed 53,000 on Saturday, accounting for almost 25 percent of global Covid-19 deaths, with a total number of cases approaching one million. Despite this, several states began to reopen their businesses, responding to a public frustrated by the loss of employment and access to public spaces.
Florida and California beaches were particularly crowded, and apparently people noted that studies show that the coronavirus malfunctions in sunlight and heat.
