Jake Sullivan was right. More restrictions against Chinese companies were coming. On July 9, Gina Raimondo’s Commerce Department barred American businesses from working with 22 Chinese tech and military-connected firms. Next up: banning Wall Street from investing in these companies in China.
Dozens of trade organizations like the American Petroleum Institute and the California Retail Association want the House of Representatives to follow the Senate and weaken China tariffs.
Chinese dissident Cai Xia, now at Stanford University’s Hoover Institution, says the U.S. engagement policy on China fed the dragon. The CCP owes a lot of its might to U.S. multinationals, Washington and — increasingly — Wall Street.
Original by CPA Chief Economist Jeff Ferry published in Foreign Policy News Early in June, the Senate passed its signature “China bill,” a wide-ranging piece of legislation intended to counter Beijing’s industrial rise and spur U.S. technological competitiveness. Included in the bill was a reauthorization of the longstanding Generalized System of Preferences (GSP), a tariff…
Chinese “Uber for trucking” company, Full Truck Alliance (FTA), raised $1.6 billion in an initial public offering in the United States with help from Wall Street banks. While the initial haul is impressive, it is a mere fraction of the $20 billion FTA hopes to raise in the near future. To gain some appreciation for…
On June 8, the U.S. Senate passed the U.S. Innovation and Competition Act of 2021, a bill aimed at countering China on a plethora of fronts, though some of its provisions leave the door open for unstrategic tariff removal. Passing with a 68-vote majority, the bill is now with the House of Representatives where it…
Some free trader Senators are still trying to revive the Trans-Pacific Partnership. New USTR nominees say to counter China, we need to “work with allies” in Asia. Fine. But TPP is not the answer.
China polysilicon makers get put on the Entity List as one producer is prohibited from selling to the U.S. That means companies that rely on them for their solar supply chain are subject to import bans.
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.
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.