China is preparing for potential economic warfare over Taiwan, aiming to create a toolkit to mitigate the impact of Western sanctions in case of conflict.
China has learned the importance of diversifying foreign reserves, building financial infrastructure, forming coalitions, and protecting global supply chains to mitigate the effects of sanctions.
China-Russia trade has significantly increased, with China becoming a crucial partner for Russia in evading Western sanctions.
Losing most-favored-nation status would result in higher tariffs on Chinese goods and create uncertainty for businesses operating in China, potentially forcing companies to relocate operations.
Murdoch's attempt to give control of his media assets to his oldest son Lachlan was rejected by a Nevada probate commissioner, with his other children opposing the change.
Canada imposed targeted tariffs on U.S. products like Kentucky bourbon and Harley-Davidson motorcycles to pressure key states, leading to a deal to drop tariffs in 2019.
Cotton supports revoking China's most-favored-nation status and warned businesses not to lobby against the measure, emphasizing the need for economic pressure on China.
Russia found itself still reliant on Western parts for manufacturing, leading to issues like producing cars without airbags during the initial phase of sanctions.
A.M. Edition for Dec. 10. Sen. Tom Cotton says he sees President-elect Trump’s tariff threats as designed to get trading partners to the table)–except when it comes to levies on China. And that’s not the only economic danger Beijing’s bracing for: The WSJ’s Georgi Kantchev) says China is studying Russia’s sanctions-evasion playbook) to prepare for the eventuality of war over Taiwan. Plus, 26-year-old Luigi Mangione is charged with murder) in the killing of UnitedHealth executive Brian Thompson. Luke Vargas hosts.
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