Congress Considering Five New Bills Targeting China Stocks & Bonds
These 5 bills have the potential of dealing a debilitating blow to Wall Street’s underwriting of CCP-controlled companies.
These 5 bills have the potential of dealing a debilitating blow to Wall Street’s underwriting of CCP-controlled companies.
Treasury Secretary Janet Yellen just spent the weekend in China, her second trip there in less than a year.
While the month-over-month goods deficit with China fell by around $3.7 billion, the deficit with Mexico rose by $2 billion over the same period.
Energy prices, food prices, and price spikes due to shortages were the dominant drivers of inflation.
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
How can U.S. industry, small and large, compete against countries with much weaker currencies, lower labor and environmental regulatory costs, and the overproduction and dumping that come from Asia?
Mexico is fast becoming a new hub for China offshore investment and exports.
“Our tax code is supposed to support American manufacturers in building out genuine domestic supply chains. It shouldn’t be exploited by the Chinese Communist Party,” said Brown.
Owl Labs of Massachusetts may look like an American company, but other than the U.S.-based venture capital that funds it, and the intellectual property behind it, their 360-degree video cameras are made in China.
The Nippon Steel proposed acquisition of U.S. Steel has the United Steelworkers Union (USW) worried that, eventually, integrated steel mills will be closed in favor of imports from Japan.