President Biden’s long-awaited Executive Order (EO) on outbound investment to China, released Wednesday, August 9, 2023, left much to be desired from CPA’s perspective.
The Biden executive order simply doesn’t go far enough — or in a timely enough manner — to address China’s rapid growth in advanced technologies that pose both civilian and military challenges for the United States.
Key Points Steel imports from Mexico have surged in recent years. Some steel products, such as rebar have increased by several thousand percent over previous import levels. Mexico has violated the 2019 U.S.-Mexico agreement to maintain steel imports at past levels. The agreement was made when Mexico was exempted from the 25% steel tariffs under…