Maybe. President Joe Biden (D) is acting like he’s taking action that would seem to respond to Russia’s SolarWinds hack and interference with the 2020 Presidential election. His potential action includes
expulsion of 10 Russian diplomats, includ[ing] representatives of Russian intelligence services
sanctions against “dozens” of people and companies
target[ing] Moscow’s ability to borrow money by prohibiting US financial institutions from buying Russian bonds directly from Russian institutions.
Treasury Secretary and ex-Federal Reserve Chairman Janet Yellen opened her Wednesday Wall Street Journalop-ed with this:
When Congress enacted the Tax Cut and Jobs Act of 2017, the result was a dramatic reduction in corporate tax revenue. Over the past three years, corporate tax collections have fallen to their lowest level since World War II: 1% of gross domestic product.
Amazingly—shockingly—Yellen wrote that as if it were a Bad Thing.
Then she partially rationalized her disparagement with this:
China has sharply reduced the number of directly elected seats in Hong Kong’s legislature in a setback for the democracy movement. The changes were announced Tuesday after a two-day meeting of China’s top legislature.
In the new make-up, the legislature will be expanded to 90 seats, and only 20 will be elected by the public. Currently, 35 seats, or half of the 70-seat legislature, are elected.
China’s top legislature approved amendments to Hong Kong’s constitution on Tuesday that will give Beijing more control over the makeup of the city’s legislature.
Matt Pottinger, former President Donald Trump’s Deputy White House National Security Adviser, had a number of thoughts concerning the People’s Republic of China, and its targeting of American businesses, with unusual bluntness.
Beijing’s message is unmistakable: you must choose. If you want to do business in China, it must be at the expense of American values. You will meticulously ignore the genocide of ethnic and religious minorities inside China’s borders; you must disregard that Beijing has reneged on its major promises—including the international treaty guaranteeing a “high degree of autonomy” for Hong Kong; and you must stop engaging with security-minded officials in your own capital unless it’s to lobby them on Beijing’s behalf.
Another notable element of Beijing’s approach is its explicit goal of making the world permanently dependent on China, and exploiting that dependency for political ends.
That’s what US, Canada, Britain, and European Union politicians are claiming they’ll impose on the People’s Republic of China in response to PRC genocide efforts against the Uyghurs in the PRC’s Xinjiang Uygur Autonomous Region.
The sanctions are expected to vary in type, and will include Global Magnitsky economic sanctions on individuals alleged to be involved with the mistreatment of the Muslims in the Xinjiang region of China.
…has been slapped down. Great Britain surrendered Hong Kong to the People’s Republic of China in 1997 on the PRC’s promise to respect Hong Kong’s autonomy for 50 years, a promise the PRC made within the context of its one country/two systems framework, a promise made in the UK-PRC Joint Declaration.
The PRC began welching on its word when it began, in no particular order (because commitment timelines mean nothing to the PRC) denying duly elected city legislators their seats, arresting peaceful protestors—including provoking violence to create excuses for the arrests—enacting mainland laws allowing Hong Kongers to be “extradited” to the mainland for what passes for trials in PRC courts.
Britain, France, and Germany decided Thursday not to present a resolution censuring Iran that they had floated to other International Atomic Energy Agency member states earlier in the week. Iran had warned the move could lead it to further curtail international inspections of the country and dissuade it from engaging in direct talks with the US on its nuclear program.
This meek surrender is being masqueraded as a renewing effort.