Tag: Japan

Commentary: Free Traders Are Wrong – It’s Time to Try Trade a New Way

Connecticut Star Staff

A recent Daily Mail poll showed 54 percent of voters support Trump’s proposal to put 10 percent tariffs on most imports, from China or not. This is sacrilege to American free traders.

The free-trade globalization crowd – who saw the 80s up to early 2000s as their heyday– believe in a world that does not exist the way they say it does on paper. Do you think Germany allows Ford Mustang’s into their country tariff free? EU charges Ford a 10 percent tariff, four times what we charge their automakers.

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U.S. to Announce Major Shakeup in Military Ties with Japan as China Threat Looms

Connecticut Star Staff
Navy Ships

The U.S. and Japan will announce a historic upgrade to security ties, including a collaborative military command, next month as the two former adversaries move closer together in determination to counter China, according to media reports published Monday.

Chief among the changes under consideration involves sending a four-star general, the highest peacetime rank, to head U.S. Forces Japan (USFJ) and jointly oversee a military command with Japan for planning and exercises, Reuters reported, citing two sources familiar with the discussions. Tokyo also hopes to establish a new Japanese Self Defense Forces (SDF) headquarters, whose head will serve as the Japanese counterpart to the American four-star, by March of 2025, the sources said.

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Semiconductor Giant Faces U.S. Delays While Racing Ahead in Japan amid Biden Chips Funding Uncertainty

Connecticut Star Staff

A major Taiwanese chip manufacturer’s plan to build a key factory in the U.S. has been plagued with significant delays. Meanwhile, the chipmaker is on schedule to open a separate facility in Japan.

One of the plants Taiwan Semiconductor Manufacturing Company (TSMC) is building in Arizona has delayed manufacturing until 2027 or 2028 instead of 2026 because of uncertainty regarding funding it will receive from President Joe Biden’s administration, according to The New York Times. TSMC’s factory in Japan is on track to operate on schedule as the country’s government has helped the factory by committing billions in funding and assisting with assembling thousands of employees to build it, the WSJ reported.

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Commentary: America’s Fertility Crisis Will Only Worsen with the College Gender Gap as U.S. Follows Japan

Connecticut Star Staff

Declining fertility in advanced economies is nothing new. Since birth control was approved by the Food and Drug Administration in 1960, at the same time more women were entering the labor force and attending higher education, amid higher inflation, greater unemployment and a weaker economy, birth rates have plummeted significantly, from 3.65 babies per woman in 1959 to 1.73 by 1976, according to World Bank and Bureau of Labor Statistics data.

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DeSantis Calls for US-Led Military Alliance in Pacific, ‘Economic Independence’ from China

Just the News

Ron DeSantis, the Florida governor and 2024 presidential candidate, is calling for the United States to create a stronger military alliance in the Pacific to counter China’s rising aggression, as well as wage a strategic decoupling of the American economy from Beijing.

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Department of Energy to Release Millions of Barrels of Oil From Reserve to Combat Surging Gas Prices

Admin

The Department of Energy (DOE) announced Tuesday the release of millions of barrels of oil from the Strategic Petroleum Reserve (SPR) to combat soaring gas prices.

The DOE approved the release of 13.4 million barrels from its SPR, marking the second-largest exchange from the reserve and bringing the total amount of oil released from the cache to almost 40 million barrels.

Exchange contracts for the released oil have were awarded to seven companies. President Joe Biden authorized a plan in November 2021 to release 50 million barrels of crude oil from the SPR in a coordinated effort with China, India, Japan, South Korea and the U.K. to combat surging gas prices and assist in the COVID-19 pandemic recovery.

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