Editors note: The Transit Infrastructure Vehicle Security Act should be passed into law. US taxpayer dollars should not fund China’s takeover of our rail industry. In 2011, then-Los Angeles Mayor Antonio Villaraigosa joined a delegation of Chinese leaders for the opening of BYD’s North American headquarters. The company is subsidized and heavily influenced by the…
Excerpt: “Alber said it’s beneficial to bring jobs back to the United States because “the cost from the freight coming from Asia offsets the costs of the labor,” as the company learned after opening its first Sutter Street Manufacturing unit in North Carolina.” Williams-Sonoma CEO Laura Alber said Monday that the company shuffled its operations…
Editors note: China’s access to the US equity market, not just our consumer market, has become a very big issue. Millions of dollars from US university endowments, foundations, and retirement plans have helped fund two billion-dollar Chinese facial recognition startups: SenseTime and Megvii. The Chinese government is using their technologies to surveil and profile its…
Editors note: This is the official notice by The White House regarding the imposition of 5% tariffs on all Mexico imports for immigration reasons. For Immediate ReleaseMay 30, 2019 Statement from the President Regarding Emergency Measures to Address the Border Crisis As everyone knows, the United States of America has been invaded by hundreds…
Editors note: The era of US China decoupling has begun. China plans to place foreign companies considered to have damaged the interests of Chinese companies on an “unreliable entity” list, the country’s commerce ministry said Friday. [Teng Jing Xuan | May 31, 2019 | CxLive] The announcement of the list comes after the U.S. Department…
Excerpt: “The accession agreement China signed when it joined the World Trade Organization in 2001 was supposed to deal with most of those practices, but President Xi Jinping has cultivated regulatory and business cultures that make an enforceable agreement virtually impossible.” President Trump has bipartisan support for his new tariffs and sanctions on Huawei to…
Editor’s note: this letter, in PDF form, is the draft statement of administrative action which Trade Ambassador Bob Lighthizer sent to Congress to move towards starting the ratification process for the US Mexico Canada Agreement (USMCA). Read the PDF draft statements here
Editors note. Speaker Pelosi is not ready to take up the US Mexico Canada agreement. May 30, 2019 Contact: Speaker’s Press Office 202-226-7616 Pelosi Statement…
Private foreign capital is weaponizing US dollar against domestic producers For Immediate Release Washington. The US Treasury Department has released its latest semi-annual report on exchange rate policies. As expected, the report did not cite any countries for engaging in “currency manipulation” that would push the dollar higher relative to their own currencies. However,…
Editor’s note: Important for financial press (and others) to understand this. Excerpt: “By purchasing fewer U.S. government bonds… Beijing would leave the United States either unchanged or better off, while doing so would also leave China either unchanged or worse off.” Note: This is a follow-up to an article here from May 16 and an updated version of…