The U.S. will break a $1 trillion goods trade deficit with the world this year. Neither pandemic, nor supply chain bottlenecks, nor trade war tariffs could stop it as tariff circumvention to SE Asia and a strong dollar make importing easy.
Auto industry specialist Sandy Munro says China will come to dominate the EV market in the U.S. Here’s how it happens not just here at home, but throughout the entire Americas. If Section 301 tariffs go, it happens even faster.
A look at the Uyghur Forced Labor Act, a recent report by a UK university on “laundering cotton” out of Xinjiang, and whether or not global retailers will really put an end to this once Biden signs the Act into law.
Biden added more Chinese companies to its blacklist. Why is BlackRock, Vanguard, State Street and others still allowed to invest in some of them?
Recent supply chain bottlenecks of hospital gear shows why continued dependence on Asia is bad for pandemic preparedness. The Make PPE in America Act in the infrastructure law should remedy this in the years ahead, if Congress doesn’t open the doors to duty-free PPE and undercut the law’s intent.
Commerce banned more Chinese defense contractors from buying American computer hardware, other high-tech goods. Why can Vanguard and State Street still invest in them?
A look at the three largest bills recently circulating in Washington, including the recently passed infrastructure law, and how they’ve gone soft on forced labor. The opportunity presented itself to take the issue more seriously than just another round of studies in each bill mentioned here.
At this week’s Trade Subcommittee hearing at House Ways & Means, talk of changing de minimis rules for goods bought on line; forced labor; and a few diehards bring up TPP.
Congressional-Executive Commission on China heard from four witnesses on November 17 discussing what China’s new tech companies means to the U.S. both in terms of business rivalries abroad, and creeping surveillance by the CCP.
The House Committee on Transportation and Infrastructure expects supply constraints to last into early 2022. Rep. John Garamendi of California highlights “tremendous trade imbalances” as one reason for the bottlenecks, caused by a surge in demand for Asian made goods.
