U.S Drops Economic Bomb On China | Hits China With Unthinkable Sanctions, China Fires Back

U.S Drops Economic Bomb On China | Hits China With Unthinkable Sanctions, China Fires Back #economy #trade #market Let’s kick things off by diving into the intricacies of US-China trade relations and the recent sanctions dance. So, the US State Department and Treasury recently threw down the gauntlet, slapping sanctions on more than 250 individuals and companies spanning Russia, China, Turkey, the UAE, and Pakistan. It’s like they cast a wide net, aiming at Russia’s military, banking, energy, and mining sectors. The timing? Impeccable, right when Ukrainian President Volodymyr Zelensky was making the rounds in Washington. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video: U.S Drops Economic Bomb On China | Hits China With Unthinkable Sanctions, China Fires Back Now, let’s zoom in on China. The Treasury is giving a stern look to a network operating in China, Hong Kong, and Pakistan. Their game plan? Facilitating the flow of Chinese-made weapons and tech to Russia. Enter Hu Xiaoxun, a Chinese national, and his brainchild, Jarvis HK Co. Ltd. Picture this: millions of dollars’ worth of semiconductor manufacturing gear, drones, and related knick-knacks. The Treasury isn’t holding back, pointing fingers at them. Turkey is in the spotlight, facing sanctions for dealing in seemingly ordinary items – ball bearings, electronic circuits, and navigational gear. Surprise, surprise! These seemingly mundane things are the gears that keep the Russian war machine ticking, according to the Treasury. And let’s not forget the UAE, catching some heat for selling aircraft parts and gear to Russian firms. Even a South Korean, Dongjin Lee, is in the mix, accused of being a shopping assistant for a sanctioned Russian company. No one gets a free pass – a Swiss electronics firm, Thamestone SA, and Singapore’s Micro Electronics Technologies PTE LTD also received the sanction slap, along with a few Russian firms. The State Department joins the party, shining the spotlight on shipping companies involved in moving munitions from North Korea to Russia. It’s a multi-country, multi-industry drama. Now, let’s pivot to the reasons behind these US sanctions. The US is taking a stand against what they call Russia’s procurement network – a coalition of companies working together to get Russia high-tech stuff and weapons despite sanctions and controls. Even with penalties from Russia’s invasion, the US is finding it tough to keep these goods from reaching the Russian market. Interestingly, this isn’t the first rodeo with US sanctions. Previously, the focus was on restrictions related to Xinjiang-sourced cotton, tomatoes, textiles, and polysilicon crucial for making solar cells. It’s a shift in strategy with broader implications. China isn’t taking this lightly. The Chinese Embassy in Washington condemns the sanctions, labeling them as gross interference in China’s internal affairs. They vehemently deny reports of internment camps in Xinjiang, asserting the existence of only “vocational education and training centers.“ Beijing vows to protect the rights of Chinese companies. A spokesperson from Beijing’s foreign ministry, Mao Ning, voices discontent with the US’s approach, calling it one-sided and an attempt to control things from afar. She’s clear – China is ready to take necessary steps to protect the lawful rights and interests of Chinese companies. Hold on, the US didn’t limit the sanctions to just China. They cast a wide net, pointing fingers at entities in Switzerland, Singapore, the Kyrgyz Republic, Maldives, and Tajikistan. It’s a global cast in this drama. Now, let’s talk US concerns. The US Treasury Department’s Office of Foreign Assets Control (OFAC) is on the offensive, targeting over 150 individuals and businesses for sneaking around sanctions, aiding Russia in its conflict with Ukraine, and bolstering Russia’s future energy plans. OFAC points fingers at entities and individuals in China, Russia, Hong Kong, and Pakistan, accusing them of deals to get Chinese-made weapons and technologies to Russia. In a nutshell, the Treasury’s move shines a light on Russia’s strategic game plan – leveraging Turkey, the UAE, and China, weaving through intricate global networks and middlemen to secure the tech and gear they need for their war machine. It’s a global chess game, and the US Treasury just made its move, raising questions about the extent of US commitment to its foreign policy regarding Russia and the potential outcomes in Ukraine. How far will the US go to secure victory? That’s a question for the unfolding chapters of this international saga.