WTRC's Memory

Trump's call for a protest crackdown has been a boon for Chinese propaganda
Analysis by CNN's James Griffiths
Protesters running amok. Innocent citizens under siege. Outside actors engaging in terrorist acts. Police struggling to maintain control and in desperate need of reinforcements.
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That was how Chinese state media portrayed anti-government protests in Hong Kong last year, dismissing calls for greater democracy and an investigation into police brutality by focusing on individual acts of violence and property damage.
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Throughout the protests, the US was consistent in its support of people’s right to take to the streets and have their voice heard. Facing widespread unrest and public anger at home in the wake of the death of George Floyd, the reaction from US President Donald Trump appeared markedly different.
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On Monday, Trump called for the military to be deployed to “dominate” protesters, and demanded states do more to stem “acts of domestic terror.”
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The irony has not been lost on Beijing, which on Thursday marks (or rather doesn’t, the date is highly censored) its own military crackdown on anti-government protesters on June 4, 1989.
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“Washington’s promise of equality and justice for all in the country has remained hollow at best,” state news agency Xinhua said in a commentary titled “The coming suffocation of the American dream.”

“Amid the ongoing anti-racism protests in the country, decision-makers in Washington, instead of trying to sooth the pain and anger of the public, have been fanning the flames, calling protesters ‘THUGS,’ and threatening them with ‘the most vicious dogs, and most ominous weapons,” the commentary said.
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China Daily, a state-backed newspaper, noted that “The US, after the killing of Floyd, seems to be on fire, and troops have been mobilized to subdue angry demonstrators.”

“This is certainly not what the world expects to see in a country that is the world’s sole superpower,” it added. “But that sadly is the reality of the US.”

This rhetoric isn’t just embarrassing for Washington, it’s also a sign of how the US may find its influence damaged by a perceived hypocrisy over human rights at home and abroad.

Earlier today, Hong Kong’s leader Carrie Lam pointed to the unrest in the US as evidence of Washington’s “double standards.”

“They attach great importance to the national security of their country, but look at our national security through tinted spectacles, especially the current situation in Hong Kong,” she added.

The ability of Washington to influence Beijing’s position on Hong Kong – which is in part founded on fear of outside influence in the city – was already severely limited. The Trump administration’s reaction to protests at home may have hurt its position even further.

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President Donald Trump speaks to reporters at the White House in Washington, DC, on January 30. Chip Somodevilla/Getty Images
CNN
—
Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans, but they weren’t exactly rushing to make changes.
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But the tariffs are coming — in full force. President Donald Trump announced Saturday that a massive 25% tariff on all goods from Mexico and most imports from Canada will go into effect Tuesday. An additional 10% tariff on Chinese goods will be enacted the same day.

Trump in a message posted on Truth Social Sunday said, “We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use.” But America’s supply chains are reliant on its trading partners, and even for goods that could be grown or produced exclusively in the United States, the complex web of interconnected global trade cannot easily be unwound.
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So the additional costs on foreign-made goods will be paid by American importers, who typically pass those costs onto retailers, who pass them onto inflation-weary consumers. That means prices will rise — although, for most items, not immediately. Businesses’ profits will be squeezed as they bear the cost burden of the tariffs or pay to adjust their carefully constructed and at times inflexible supply chains.

That’s why stocks on Monday were set to tumble. Dow futures were more than 600 points, or 1.3% lower. S&P 500 futures sank 1.5%. and Nasdaq futures were 1.7% lower.

Globally, stocks fell, too. Major European indexes were down across the board, and Asian markets closed sharply lower. Bitcoin and other cryptos tumbled, brought down by growing fears of a recession. The US dollar rose sharply.

Energy costs surged: US crude oil rose 2.3% and natural gas spiked 7%. Despite a lower 10% tariff on Canadian electricity, natural gas and oil exports to the United States, the energy industry said it will not be able to quickly or easily find alternate sources. Diesel and jet fuel costs in particular will rise, according to Angie Gildea, the US energy sector lead at accounting firm KPMG, adding costs to all shipped goods and air travel.
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“Any infrastructure upgrades would not happen overnight,” Gildea told CNN. “Tariffs on Canadian oil would increase costs for US refiners, leading to price hikes for consumers.”

Auto industry stock futures were particularly hard-hit, because virtually all American-made cars are manufactured at least in some part in Mexico or Canada — what was a free-trade zone. GM (GM) fell more than 6%, Jeep and Chrysler maker Stellantis (STLA) was down 5% and Ford (F) fell more than 3%.

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