Senate Finance: USMCA Partners Imposing Non-Tariff Barriers on U.S.
The Senate Finance Committee held a hearing on the one-year anniversary of the USMCA. U.S Steelworkers Union, and others, say where the new NAFTA is working, and where it’s not.
CPA Model: US-UK Trade Agreement Would Make Over 3,000 Unemployed, Reduce GDP in U.S.
Key Points CPA’s economic modeling of a U.S.-U.K. free trade agreement that cut tariffs to zero between the two countries shows that such an agreement
Where Trump and Biden See Eye-to-Eye on China, Wall Street Worries
It started with Trump. Then Biden took the baton and ran with it to introduce the first ever capital markets sanction against a country and its companies. Where the two leaders see eye-to-eye on China today, and in the near-term.
House Trade Subcommittee: Forced Labor in Global Supply Chains “Increasing Disparity”
The House Ways and Means Subcommittee on Trade heard from witnesses on forced labor practices worldwide, and whether or not current measures are putting a dent in it or not.
House Foreign Affairs Says To ‘Work With Allies’ on China, Focus on Indo-Pacific
The House Foreign Affairs Committee on Tuesday heard from witnesses on what “working with allies” on China really entails. First, a focus on soft power in Indo-Pacific, which means funding development projects there. Second, a reminder that a weak, China-dependent Europe makes it harder for them to join forces with Washington.
‘Made in America’ Pandemic Preparedness Act Passes Committee Unanimously. Now What?
Both houses of Congress have bills that have passed committees, easily, in regard to building domestic supply of personal protective equipment for medical staff. These bills need to hit the floor so President Biden can sign them. But, more importantly, Buy American provisions face serious WTO risk, making all of this action moot.
Hong Kong’s Warning From Washington Should Mean No More WTO Special Treatment
The Biden Administration warned American businesses of sanctions risk and other problems in doing business with Hong Kong, now officially part of China. Washington now needs to get Hong Kong out of the WTO’s Government Procurement Agreement, which essentially grants China backdoor entrance to Buy America provisions.
Senate Hearing on Supply Chain Resilience Forgets Recent ‘China Bill’ Could Weaken It
A Senate Commerce hearing on supply chain resilience praises the U.S. Innovation and Competition Act, but forgets that there is a trade provision in that act that actually does harm to any plans to diversify supply out of China.
Senate Bill to Block Xinjiang from US Supply Chains Passes Unanimously. Is Hong Kong Next?
The Biden administration is stepping up the pressure on China for its human rights violations against the Uyghurs in Xinjiang. U.S. companies in Hong Kong on notice now, too.
Elizabeth Warren Questions Corporate Loyalty to America, While Bowing to China
Elizabeth Warren, others, say American multinationals too cushy with China. And it’s come at the detriment to American manufacturing labor.
