The Trade War

Written by SK Ashby

(Cartoonist - Tim Eagan)

In other news, British Prime Minister Theresa May is expected to announce a timetable for her resignation in early June so someone else can take over the Brexit dumpster fire.

Meanwhile, Trump has issued a presidential pardon for Conrad M. Black who was convicted for fraud and obstruction of justice after swindling investors. Trump apparently pardoned Black because he's a vocal fan of Trump.

Finally, Huawei says Trump's new sanctions against the telecom giant will actually harm American businesses and Chinese officials say it will probably damage trade talks.

Shares of Huawei’s U.S. suppliers also fell on fears the huge customer of U.S. chips, software and other components would be forced to stop purchases after the U.S. Commerce Department banned it from buying U.S. technology without special approval.

Huawei said in a statement that losing access to U.S. suppliers “will do significant economic harm to the American companies” and affect “tens of thousands of American jobs.” [...]

Chinese officials said U.S. aggressiveness could hurt the trade talks, which appeared to have hit an impasse in the past week as the United States hiked tariffs on Chinese goods and Beijing retaliated with higher duties on U.S. products.