Archives of “Mike Pompeo” tag

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ICYMI – Pompeo announced new restrictions on the movement of Chinese diplomats in the US

  
  Analysis
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US Secretary of State Mike Pompeo with the latest in the slowly escalating tit for tat deteriorating relations with China

  • “For years, the Chinese Communist Party has imposed significant barriers on American diplomats working inside the PRC [People’s Republic of China]”
Under the new restrictions
  • senior Chinese diplomats will need approval from the State Department to visit American university campuses and meet with local government officials
  • Approval will also be required for cultural events for more than 50 attendees happening outside the Chinese embassy or consular posts.
I expect more tit for tat ahead of the US election.
US Secretary of State Mike Pompeo with the latest in the slowly escalating tit for tat deteriorating relations with China

Deteriorating US-China relationship in focus as New York begins the week

  
  Analysis
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It’s non-farm payrolls week

It's non-farm payrolls week
Friday’s jobs report is the highlight of the week but for today it’s all about the relationship between the world’s two largest economies.
The US has been floating the idea of reparations and took it a step further on Sunday in this bizarre exchange with Secretary of State Mike Pompeo on ABC:

RADDATZ: Do you believe it was manmade or genetically modified?

POMPEO: Look, the best experts so far seem to think it was manmade. I have no reason to disbelieve that at this point.

RADDATZ: Your — your Office of the DNI says the consensus, the scientific consensus was not manmade or genetically modified.

POMPEO: That’s right. I — I — I agree with that. Yes. I’ve — I’ve seen their analysis. I’ve seen the summary that you saw that was released publicly. I have no reason to doubt that that is accurate at this point.

RADDATZ: OK, so just to be clear, you do not think it was manmade or genetically modified?

POMPEO: I’ve seen what the intelligence community has said. I have no reason to believe that they’ve got it wrong.

To be clear, you’re accusing China of a heinous crime against humanity and you can’t see to get your story straight?
That’s not going to go over well in China but the exact response this time is less important that the trajectory. If it wasn’t entirely clear before, we’re headed towards a decoupling between the US and China and potentially something worse.
Trump also went down that road but said it was a mistake and promised ‘a very strong report’ will be delivered ‘soon’.
“Personally I think [China] made a horrible mistake. They tried to cover it up. It’s really like [they were] trying to put out a fire. They couldn’t put out the fire,” Trump said.
He also threatened new tariffs if China can’t complete the Phase 1 deal.
“We’re going to have to see what’s going on [with the purchases] because of what happened,” said Trump. “They took advantage of our country. Now they have to buy and, if they don’t buy, we will terminate the deal. Very simple.”
S&P 500 futures are down 20 points after an 81-point fall on Friday.
In terms of the economic calendar, the lone potential market mover is factory orders at 1400 GMT.

US’ Pompeo to deliver remarks to the media at 1500 GMT

  
  Analysis
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US secretary of state, Mike Pompeo, will brief the media later today

No further details on what it may be about. Here is the press release by the US Department of State. Just take note as it could relate to tensions in the Middle East.

US imposes sanctions on Chinese entities for knowingly buying oil from Iran

  
  Analysis
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Pompeo expands sanctions

Pompeo has been driving a hard line on China and Iran. I’m not sure if China sees this as a separate issue from trade negotiations but if the wider question is: Is the US trying to curb and contain China? Then the answer is that every action like this is a push towards decoupling.

US Secretary of State Pompeo: Time for China to stop taking advantage of trade

  
  Analysis
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US Secretary of State Michael Pompeo

US secretary of state Pompeo is on the wires saying:

  • dispute about central premise of high global trade done
  • it is time for China to stop taking advantage of trade
  • China using predatory trade tactics for decades
  • China behavior has negative implications for business
  • Pres. Trump is clear that he wants China to do the right thing
  • US won’t tip and to what it will or won’t do in Hong Kong
  • engaging with Kim didn’t give him a darn thing
  • urges China to do the right thing regarding Hong Kong protests
  • China capital flowing to the US should not compromise national security
  • North Korea needs to fulfill promises made in Singapore
  • US fully committed to denuclearization in North Korea via diplomacy
  • US taking a toughest response to North Korea in history
  • Iran sanctions have been effective and we will enforce them everywhere
  • China has been helpful in engaging North Korea
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