BAN ALL THINGS CHINA!!!

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CHINA!

This is absolute bullshit:

Senior officials in the Department of Prime Minister and Cabinet had raised potential diplomatic risks over the government’s security review into social media apps including TikTok, warning it could be taken as targeting Chinese companies.

An internal departmental “messaging” document provided to the Prime Minister’s office, obtained by The Australian, advised the government to adopt a country “agnostic” approach to the review, with other Western nations moving towards government bans on the Chinese-owned platform.

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WTF kind of advice is that from a democratic PM&C office? What a pack of cowed, treasonous dogs. Where’s the trade diversification? Nowhere:

The federal government says it has made progress in talks with China to unwind Beijing’s sanctions on key Australian exports, including coal, timber, wine and barley.

Assistant Trade Minister Tim Ayres met with Vice Minister for Commerce Wang Shouwen on the sidelines of the Boao Forum of business leaders and officials in China on Wednesday.

The cowards of Canberra have gone straight back to being Beijing’s useful idiot.

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The US has a much better idea:

President Joe Biden wants to bring the world’s most sophisticated chipmakers to the US. Taiwan says he should offer them a better tax deal –- one that could infuriate China.

Taiwanese officials are pushing hard for an agreement to eliminate the burden of double taxation, like the US has with dozens of countries. In Congress on Wednesday, Treasury Secretary Janet Yellen acknowledged that the absence of such arrangements is a “very significant problem” and said the Treasury and State Department will “see if we can find a way” to address it.

When the war comes, and ALL trade ceases with China overnight, we will not be ready in any way.

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BAN CHINA!

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.