According to the Associated Press, the Nikkei closed down 4,451.28 points at 31,458.42 on Monday after it went down 5.8 percent on Friday, marking the worst two-day decline ever.
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A recent Daily Mail poll showed 54 percent of voters support Trump’s proposal to put 10 percent tariffs on most imports, from China or not. This is sacrilege to American free traders.
The free-trade globalization crowd – who saw the 80s up to early 2000s as their heyday– believe in a world that does not exist the way they say it does on paper. Do you think Germany allows Ford Mustang’s into their country tariff free? EU charges Ford a 10 percent tariff, four times what we charge their automakers.
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The U.S. and Japan will announce a historic upgrade to security ties, including a collaborative military command, next month as the two former adversaries move closer together in determination to counter China, according to media reports published Monday.
Chief among the changes under consideration involves sending a four-star general, the highest peacetime rank, to head U.S. Forces Japan (USFJ) and jointly oversee a military command with Japan for planning and exercises, Reuters reported, citing two sources familiar with the discussions. Tokyo also hopes to establish a new Japanese Self Defense Forces (SDF) headquarters, whose head will serve as the Japanese counterpart to the American four-star, by March of 2025, the sources said.
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A major Taiwanese chip manufacturer’s plan to build a key factory in the U.S. has been plagued with significant delays. Meanwhile, the chipmaker is on schedule to open a separate facility in Japan.
One of the plants Taiwan Semiconductor Manufacturing Company (TSMC) is building in Arizona has delayed manufacturing until 2027 or 2028 instead of 2026 because of uncertainty regarding funding it will receive from President Joe Biden’s administration, according to The New York Times. TSMC’s factory in Japan is on track to operate on schedule as the country’s government has helped the factory by committing billions in funding and assisting with assembling thousands of employees to build it, the WSJ reported.
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“It is well that war is so terrible; otherwise, we should grow too fond of it.”
– Robert E. Lee
“Wars and rumors of wars,” to borrow a well-known Biblical phrase from Matthew 24, seem all too commonplace these days. Is that because more wars are going on now than in the past, or because mass media brings us word of them ‘round the clock? It’s a debatable point.
This much is eminently clear: War dates back as far as the day when Cain slew Abel. It’s doubtful that there ever was a time on Earth when nobody was at war with anybody. It’s a depressingly familiar curse.
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