In a further escalation of the ongoing trade war between the U.S. and China, the Trump administration is preparing to announce 10% tariffs on an additional $200 billion worth of Chinese exports to the US, including a variety of consumer goods. The full list of goods on which the tariffs will be imposed is likely to be released later this week or early next week.
A number of recent events highlight important new initiatives in the international Marxist movement which are undoubtedly connected to recent international political developments.
An exhibition on the life and works of Karl Marx opened on 5 May 2018 at the National Museum of China to mark the bicentenary of his birth. It will run for three months.
The US issuing almost simultaneously a series of economic ‘demands’ to China, and withdrawing from the nuclear arms agreement with Iran and re-imposing sanctions on that country, has now led to very wide layers understanding that actions by the US administration are at present attempting to de facto impose an international ‘economic dictatorship’.This is a sharp turn in international opinion because this understanding goes far beyond those who are opponents of the US or are in general favourable to China.
The one thing that can be said with absolute certainty about the historic first meeting between North Korea’s Kim Jong-un and South Korea’s Moon Jae-in is that it took place despite Donald Trump’s policies towards North Korea, not because of them.
In drawing up its list of tariffs on $50 billion of Chinese products the Trump administration carefully tried to avoid one of the chief bad effects these tariffs will have on the US population by excluding many consumer goods from the list. This was clear proof the administration feared the hostile reaction from US consumers as prices went up on these imported goods in US shops. But by concentrating on trying to lessen the impact on US consumers the Trump administration has necessarily increased the negative effects on US jobs and particularly US manufacturers and farmers.