Farm Towns Skeptical, Wary Of SEC Climate Disclosure Rule, Some Senators Say
Senators from farm states grill Gensler over Climate Disclosure Rule’s Scope 3 provision, which will impact American agricultural producers.
Generalized System of Preferences Renewal Would Delight China
As Congress considers renewal of the program, the marketing has switched to “facilitating supply chain shifts out of China”. This is narrative creation completely untethered to reality.
House Finance Committee Shows Stalemate on China Investments in the U.S.
House Financial Services Committee Chairman comes out against increasing the restrictions on China investment in the U.S. Here’s why other members agreed. Plus, a warning from Maxine Waters on outbound investments to adversarial nations.
Trade Debate Changing As Tariffs Show Their Purpose
Tariffs on China led to shrinking imports from there, but not from around the world. Naysayers point out that this means tariff policy failed. But has it?
Next Global Glut: EV Batteries Made in China
China companies top the leader board for EV battery manufacturing. Overcapacity will lead to a glut in EV batteries. It’ll push down prices. It might also push some out of business, especially if based in the U.S. and Europe.
How Can Wall Street Still Be Invested In Treasury-Sanctioned Chinese Companies?
Treasury sanctioned 70 Chinese defense contractors.Vanguard and BlackRock have somehow found a way to still invest in them.
Tariff Relief Hasn’t Helped America’s Poorest Trading Partners
As Congress returns to session, some call for new efforts to help struggling nations. Resuming the GSP, however, should not be one of them.
U.S. Trade Deficit Up 2% In July. Deficit With China Down This Year But Still Dominates US Trade
China remains largest source of U.S. trade deficit as gap with China equal to U.S. deficit with Mexico, Canada and Germany combined.
Currency Misalignment Monitor, September 2023
The U.S. dollar fell slightly in our currency model, with overvaluation declining six tenths of a percentage point to 14.6% in this month’s CMM.
Tariffs Need To Be Complimentary With Other Policy Tools, Manufacturers Tell House Committee on China
Manufacturers from California, Wisconsin, Illinois and Ohio tell Congressmen that more needs to be done to compliment tariffs on China.
