Improved U.S. and China Relations Under Biden Is Wishful Thinking

[Click to view in browser](. Dear Reader, China’s equities markets rallied to start the trading week on the idea that a Biden victory might lead to improved relations between the U.S. and China. That might be wishful thinking. According to Reuters, former Chinese finance minister Lou Jiwei said Friday that near-term tensions between the two economic giants would likely continue. According to Lou, even if Biden is elected, the U.S. suppression of [China]( will be inevitable.” Recall that Trump started a trade war with [China]( in 2018 to pressure the country to make structural reforms and open its market to more goods made in the United States. Since then, escalating tariffs have created bottlenecks in global supply chains and caused the trade gap between the two countries to widen even further. The problems won’t resolve overnight, even if Biden takes office in January. Business/Commerce [Fatal Thursday – Virus Deaths in the US Hit a New One-Day Record!]( I hate to harp on the virus but, come on people, this is serious! The chart on the right just two weeks ago projected 1,100 deaths just 3 weeks ago but we're 50% above that already. A range of factors has contributed to the recent surge in infections, hospitalizations and deaths, say epidemiologists... [Read More]( 321 [Further Thoughts on the Election]( It's now 100% clear that there’ll be no court packing and no end to the filibuster. The GOP won. [Read More]( [The Failed 'Blue Wave' Could Devastate Your Portfolio]( Without a Democratic sweep in the 2020 elections, hopes for large-scale fiscal stimulus are fading and international or emerging markets are well-positioned to outgrow the United States. [Find the hottest Emerging Market Funds and ETFs.]( Sponsored Economics [Many Millions could lose unemployment benefits at the End of 2020]( In addition to regular weekly unemployment claims, there are two COVID related programs that end on December 26th. The first is the Pandemic Unemployment Assistance (PUA) Program. This is a special program that provides up to 39 weeks of benefits for business owners, self-employed, independent contractors... [Read More]( 130 [Wholesale Prices Rise 0.3%, But Inflation Not the Worry Now]( The Labor Department reported Friday that its producer price index rose .3% last month. [Read More]( [Biggest Transfer of Wealth in US History Has Begun]( The stock market is experiencing wild swings, and a Maryland multimillionaire says the biggest legal transfer of wealth in American history has just gotten underway. [Click here to read more.]( Sponsored International/Global Macro [Is Trump Going To Attempt A Coup?]( Barkley Rosser, Econospeak Blog, “Is Trump Going To Attempt A Coup?” [Read More]( 27 [The Matrix is already here: Social media promised to connect us, but left us isolated, scared and tribal]( [Read More]( 22 [Lawler: Recent Slowdown in US Population Growth Accelerated in 2020]( US population growth, which slowed significantly over the past few years, almost certainly grew at an even slower pace in 2020. [Read More]( You are subscribed to email updates from [InvestingChannel](. To stop receiving these emails, you may [unsubscribe]( now. InvestingChannel, Inc., P.O. Box 118 New York, NY 10018. [Link](