August Trade Deficit Drops 4%, But China Trade Deficit Breaks 2018 Record
August trade figures reveal two things: a slowing economy, and a rising trade deficit with China as a strong dollar makes imports more attractive.
Senate Banking Committee Debates U.S. Corporate Investment in China
Should U.S. companies like Intel be allowed to invest in factories and partner with tech companies in China? If so, should there be restrictions?
House Prices Move Further Out of Reach for Young Families
By Amanda Mayoral Summary Americans are working harder and waiting longer to buy homes The cost of a home is 6 times median household income today, versus 3.2 times in 1967 The disparity between house prices and median incomes was exacerbated by the COVID pandemic which drove a 37% increase in house prices…
Amazon in Business with Chinese Defense Contractor Banned by Washington. Why?
Amazon’s cloud service company isn’t breaking any laws. But is really okay for AWS to provide cloud computing to the Pentagon and China defense contractors?
CPA Requests CBP Investigate China’s SHEIN for Exploiting De Minimis Loophole to Import Forced Labor Goods
WASHINGTON — The Coalition for a Prosperous America (CPA) urged U.S. Customs and Border Protection (CBP) to investigate SHEIN, the Chinese company dominating fast fashion online retail, for exploiting the de minimis loophole to import clothing products suspected of being made with cotton produced in Xinjiang with forced labor. Currently, CBP does not receive even…
CPA Applauds Bipartisan, Bicameral Letter on Outbound Investment to China
Pelosi, Schumer Join Cornyn and Casey in Calling for Executive Order on Outbound Investment WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded a bipartisan, bicameral letter to President Joe Biden requesting the administration take immediate action to safeguard national security and supply chain resiliency on outbound investments to foreign adversaries like…
JP Morgan CEO Jamie Dimon, Others, Tell Congress They’ll Leave China If Told
Washington proves to be more hawkish on China than Wall Street. Especially in the House of Representatives. A look at a recent House Financial Services Committee meeting.
In Senate Intelligence Hearing, Should U.S. Outbound Investment to China be Monitored?
Some in the Senate, like Sen. Bob Casey, say Washington needs to monitor what type of investment corporate America is making in China.
Poll: Voters Overwhelmingly Want Their Beef Labeled to Show What Country It Came From
A CPA poll conducted by Morning Consult show that Americans wonder where their beef comes from. Bought it locally? Maybe it came from Brazil.
UN Finally Weighs in on China’s Breach of International Human Rights Laws
The UN Uyghur report called the situation in Xinjiang an international human rights crime. Who will be first to sue? And why are Vanguard and BlackRock allowed to invest in banned companies?