Senators from the Foreign Relations Committee grilled two new Treasury nominees about sanctions. Capital market sanctions were mentioned only once. Will the new Treasury hires placate Wall Street, or follow Biden’s EO calling for divestment in 59 Chinese securities.
CPA has some ideas on where to go after China if Washington is serious about ‘genocide in Xinjiang’. Start by banning Wall Street money flow into China’s wanton human rights violators.
Canada wants to be top of mind for Buy America contracts. Thanks to the WTO, they already are. The White House needs to make Buy America policy a way to build domestic supply chains. “Work with allies” doesn’t mean “work for allies.”
China’s fast-fashion company Shein is the epitome of the new direct-to-China retail model. Unless de minimis trade rules are changed to match China’s the merger of the U.S. and China virtual economies will have a devastating impact on retail, manufacturing, and commercial real estate nationwide.
Looks like the solar importers were wrong about a demand drop due to tariffs. We didn’t think they would be. There is room for both, but domestic supply chains should be revved up to support public power stations.
Should members of China’s CCP be allowed to own large swaths of American land, and commercial real estate? Rep. Chip Roy of Texas is proposing outright bans.
The United States government has pursued trade liberalization for several decades. A substantial driver of this liberalization has been the assumption that more global trade
Inside the U.S. Innovation and Competition Act sits the unsightly Trade Act of 2021. It is everything that is wrong with an otherwise good bill designed to tackle China.
One of the more problematic aspects of the new Senate bill called the U.S. Innovation and Competition Act is that it puts a massive dent in Section 301 tariffs, aka the China Trade War tariffs. Now industry groups want more tariffs cut.