Economic Warfare

China’s Maoist Trade War: A Path to Mutual Destruction?

Escalating trade tensions between the U.S. and China saw China impose 84% tariffs on U.S. goods, prompting President Trump to raise U.S. tariffs to 125% while pausing increases on other nations. China, referencing historical grievances, rejected Trump’s demands for concessions, asserting its refusal to back down from the trade war. A Chinese Foreign Ministry spokesperson shared a video of Mao Zedong’s anti-U.S. rhetoric, highlighting a defiant stance against perceived American aggression. Despite claiming an open door to talks, China insists any dialogue must be based on mutual respect.

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China Sees Opportunity in US Trade War

Facing escalating US tariffs, China has responded with retaliatory measures, vowing to “fight to the end” and portraying the situation as an opportunity to strengthen its economy. Beijing emphasizes its preparedness to withstand a trade war, highlighting its domestic strengths and projecting an image of confident opposition to what it terms US “unilateral bullying.” The Chinese government is actively promoting domestic consumption and investment to mitigate the impact of tariffs, while simultaneously positioning itself as a stable alternative economic partner for global trade. This defiance, however, risks further escalation and complicates the prospects for de-escalation between the two superpowers.

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China Ready for War: US Actions Spark Global Tensions

China’s foreign office’s recent pronouncements, suggesting a willingness to engage in any type of conflict with the U.S., from trade wars to military confrontation, should be interpreted as a stark reflection of escalating geopolitical tensions. This isn’t merely posturing; it signals a significant shift in China’s approach to its relationship with the United States.

The statement reflects a growing perception within China that the U.S. is actively pursuing conflict, whether through economic pressure or other means. This perception, fueled by various actions and policies, leads China to believe that a proactive stance is necessary. The threat of a prolonged struggle is being presented not as a bluff, but as a calculated strategy to defend its interests and possibly shape the new world order.… Continue reading

China Retaliates with $14 Billion in Tariffs as US Trade War Intensifies

In response to new US tariffs on Chinese goods, China implemented retaliatory tariffs on approximately $14 billion of American products, including liquefied natural gas, coal, crude oil, and farm equipment. Simultaneously, an antitrust investigation was launched into Google, escalating the trade conflict between the two nations. These actions, ranging from 10% to 15% levies, targeted key US exports, while analysts suggest the targeted nature leaves room for negotiation. However, as of the deadline, no agreement had been reached, fueling concerns about a wider trade war. Experts predict this may be just the beginning of a protracted trade dispute.

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Drone Strikes Halt Russian Refinery Operations

Russia’s Ryazan oil refinery, a significant player in the country’s energy sector, has reportedly ceased operations following drone strikes. This incident highlights the escalating impact of the ongoing conflict on Russia’s energy infrastructure. The refinery’s closure represents a considerable blow, even if it only accounts for a small percentage of Russia’s overall refining capacity. This is because the cumulative effect of numerous such attacks on refineries and fuel storage facilities across the country is significantly impacting Russia’s ability to maintain its energy production and distribution.

The strategic targeting of oil infrastructure underscores a shift in the conflict’s dynamics. While the human cost of the war remains devastating, the targeting of oil refineries suggests a deliberate attempt to cripple the Russian war machine by hitting it where it hurts most – its economic engine.… Continue reading

Ukraine’s Economic Resilience: A War Won Despite Crushing Losses?

Mykhailo Travetsky’s farm in Pryluky became the scene of intense fighting during the initial weeks of the Russian invasion. His property was situated near a stalled Russian column, transforming it into a frontline battleground. Locals engaged in armed resistance to defend the farm, while Mr. Travetsky continued his daily chores amidst the shelling, carrying a rifle and wearing body armor. This period established a critical benchmark for all Ukrainian businesses struggling to operate amid the conflict.

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Drone Attack on Russian Oil Depot Sparks Fire, Fuels Debate on War’s Economic Impact

A drone attack on November 29th ignited a significant fire at an oil depot in Russia’s Rostov region, consuming two separate petroleum reservoirs. Governor Yuri Slyusar confirmed the incident and the resulting large fire at an industrial facility. The Russian Ministry of Defense claimed to have intercepted 47 drones across multiple regions, including 29 in Rostov. Reports indicate the fire occurred at a depot in the Kamensky district.

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Bloomberg reports that Ukraine’s long-range drone attacks have managed to cut Russia’s daily oil refining capacity by up to 900,000 barrels

The news that Ukraine’s long-range drone attacks have managed to cut Russia’s daily oil refining capacity by up to 900,000 barrels is a significant development in the ongoing conflict between the two nations. This tactic has proven to be a triple win for Ukraine, with the attacks not only reducing oil products but also creating scarcity that affects both military and civilian operations. By targeting Russian distillation plants, Ukraine is effectively disrupting Russia’s ability to fuel military operations and live training exercises, forcing them to reallocate air defense systems to protect critical oil facilities. This not only weakens the Russian military but also highlights the vulnerability of Russia’s economy, which has long been dependent on oil exports.… Continue reading