Dire warning as US-China conflict could be ‘on the brink’ of war

Published

2 years ago

April 28, 2023

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close video There’s ‘no reason to think’ US is on ‘brink’ of war with China: Zack Cooper

American Enterprise Institute senior fellow Zack Cooper argues billionaire investor Ray Dalio is worried about potential restrictions on U.S. companies putting money into China.

After American billionaire Ray Dalio returned from his China trip with grim warnings, policy experts are chiming in on "the scale of the threat" the Communist Chinese Party poses to national security.

Through his LinkedIn profile, Dalio published an article focusing on the "great power conflict" and what’s going on with China. He claimed the piece is informed by two recent visits to Beijing where he spent a total of 13 days.

"The United States and China are on the brink of war and are beyond the ability to talk," Dalio wrote. "I want to emphasize that by saying that they are on the brink, I don’t mean to say that they will necessarily go over the brink. I mean to say that they are very close to crossing red lines that, if crossed, will irrevocably push them over the brink into some type of war that damages these two countries and causes damage to the world order in severe and irrevocable ways—like Russia’s invasion of Ukraine did for Russia and the world, just much bigger."

Dalio founded the world’s largest hedge fund firm which manages $124 billion, according to Forbes. The billionaire has been criticized for his financial exposure to the Chinese government. In 2021, Dalio equated human rights abuses in China to racism in America, and rhetorically asked whether or not he should still be investing in the United States.

BIDEN'S ENERGY SECRETARY MAKES ‘IMPORTANT ADMISSION’ OVER U.S. MONEY FLOW TO CHINA AFTER PRESSED BY G.O.P. SENATOR

American Enterprise Institute senior fellow Zack Cooper disagreed with Dalio’s assessment on "Mornings with Maria" Friday, claiming the billionaire’s comments don’t line up with information from U.S. officials.

Ray Dalio, founder of Bridgewater Associates LP, issued a grim warning over US-China relations through an article posted on his LinkedIn page. (Getty Images)

"I just don't think he's right. I actually think that what we've seen, as U.S. officials say recently, including the head of the Indo-Pacific command, that, yes, we have to be worried about a conflict, but that they don't see what's happening in the near term," Cooper said. "There's no reason to think we're on the brink of war right now."

However, other expert analysis has corroborated Dalio’s warning of looming conflict, including Atlas Organization founder Gordon Chang who argued war could "very well" break out before 2025.

"When you have China engaging in dangerous intercepts of the U.S. and other militaries in the region, anything can happen. And we have a military that is not prepared to deal with the probable scenarios," Chang previously told host Maria Bartiromo. "General Mike Minahan on that January 27th leaked memo talked about war with China in 2025… Well, it could very well be before that."

Though Cooper further expressed doubt that there’s a firm timeline for any U.S.-China conflict, he said Dalio’s concerns are likely not about American defenses.

GET FOX BUSINESS ON THE GO BY CLICKING HERE close video Gordon Chang: China is making fast preparations for war and the Pentagon has decided not to notice

Gatestone Institute senior fellow Gordon Chang unpacks various actions from the Chinese which threaten U.S. national security on Mornings with Maria.

"I think what Dalio's probably worried about is that there are going to be restrictions on U.S. investors that are putting money into China, especially into areas that have dual-use implications that could go into high-end computing, that could eventually help the Chinese military," Cooper said.

"And I think there is going to be real restrictions coming out of both the White House and Congress that will affect investors like Dalio."

Politics

Trump signs resolution killing IRS DeFi broker rule

Published

29 mins ago

April 10, 2025

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Trump signs resolution killing IRS DeFi broker rule

US President Donald Trump on April 10 signed a joint Congressional resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the country’s tax authority, the Internal Revenue Service.

The rule would have required DeFi platforms, such as decentralized exchanges, to file their gross proceeds from crypto sales and include information on those involved in the transactions.

Trump was widely expected to sign the bill, as White House AI and crypto czar David Sacks said in March that the president would support killing the measure.

This is a developing story, and further information will be added as it becomes available.

Environment

This electric excavator has battery swap tech that lets it recharge in minutes [update]

Published

2 hours ago

April 10, 2025

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This electric excavator has battery swap tech that lets it recharge in minutes [update]

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

UPDATE: telematics announcement.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

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We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

Telematics announcement at bauma

XCMG showcases green, smart tech at bauma 2025; via XCMG.

Earlier today, XCMG launched its next-generation Xrea Global Telematics Platform, integrating IoT, big data, cloud computing, and AI to enable what it’s caling, “seamless cross-border fleet management.”

The new telematics platform supports a dozen languages via PC and mobile interfaces, and offers real-time diagnostics, predictive maintenance, and data-driven optimization of both the vehicle and the vehicle’s batteries, empowering equipment managers and fleet operators to track fleets across town, or across time zones.

“XCMG remains committed to advancing engineering technology to empower a sustainable future. Our mission is to deliver efficient, intelligent, and eco-friendly lifecycle solutions for global clients,” said Mr. Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery. “Today, 19% of our product portfolio comprises green innovations under our ‘Green Mountain’ new energy line, with full electrification across all series underway.”

SOURCE | IMAGES: XCMG; via PR Newswire.

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Environment

Tesla (TSLA) is having a terrible month, and it’s only April 10th!

Published

2 hours ago

April 10, 2025

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Tesla (TSLA) is having a terrible month, and it's only April 10th!

On today’s troubling episode of Quick Charge, we explore all the troubles befalling Tesla (and TSLA stock) in the month April – with top executives fleeing the ship, demand plummeting, sales slipping, government incentives at home and abroad under threat, and a raft of receipts brought on by an OpenAI lawsuit hitting the brand, it’s already a bad month for Elon … and there’s still 20 more days to go!

None of this even touches on the $43 million “backlogged” rebate scandal Tesla’s facing in Canada that’s being blamed for people’s negative attitudes about the brand (ha!) or the fact that neither the long-promised Roadster 2.0 or the Tesla Semi will see production anytime this year, either.

The word you’re looking for when you think of Tesla these days is, “cooked.”

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