Supply Chain Crisis, Not Tariffs, Stoked Inflation
Don’t blame the China tariffs on inflation. Supply chain snafus were a much bigger deal, a Federal Reserve report says.
Katherine Tai Says Globalization No Longer Sustainable
At National Press Club, Katherine Tai talks about supply chain issues, what ‘de-risking’ from China might look like, and how USTR thinks about it.
FDA Allows Uninspected China Lab to Sell Cancer Drugs in the US
A Chinese cancer drug maker that has not been inspected by the FDA since 2018 is selling chemotherapy drugs to the U.S. due to shortages. When will the U.S. meet its critical medication needs?
House Hearing on Dollar Focused on Sanctions Powers, ‘De-Dollarization’ Risks
The House Financial Services Committee says American consumers are helped by a strong dollar, which lowers the price of imports to the tune of up to $45 billion per year in savings. In a $23 trillion economy, is an overvalued dollar really worth it?
U.S. Trade Deficit Rises 23% in April; Goods Gap Breaks Record For Year
China as a source for American imports is on the wane thanks to tariffs, other business risks. But strong dollar keeps imports booming.
To Fight Drug Shortages FDA Has an Idea: Import More Inspection-Free Drugs
The balance between scarcity and supply favors supply, even if that means importing drugs from labs the FDA has not inspected.
Five China Companies Wall Street Still Funds Despite Being Blacklisted
Meet the Chinese companies banned by Commerce and the State Department, but still able to attract billions from Wall Street fund managers.
FBI Faces Harsh Criticism in Homeland Security Committee China Hearing
House Homeland Committee leadership say DoJ, FBI, and Homeland have all failed in stopping China espionage, IP theft.
Spotlight Shines on CPA in Latest House Ways & Means Trade Hearing
At a recent House Ways & Means subcommittee hearing on trade, CEO Michael Stumo talks de minimis, and the inescapable realities of China’s forced labor.
Congressman Dan Kildee’s Last Ditch Effort To Repeal Biden Solar Veto
Dan Kildee’s full floor speech in support of over-riding the President’s veto on House and Senate vote to end the White House solar emergency declaration started last June.
