The House Foreign Affairs Committee said in its hearing on U.S. capital flows to China military companies on Wednesday that it would push the full House to take up legislation that would restrict outbound investment to entire sectors of the Chinese economy.
Washing machine tariffs were a success, as measured by over 2,000 new jobs, more competition, no sustained effect on washing machine prices and economic stimulus with the construction of new factories.
The Biden administration’s signature clean energy law, the Inflation Reduction Act (IRA), got its clock cleaned last week at a Senate Energy Committee hearing.
This week’s Senate Banking Committee hearing on fentanyl was high on celebrity, short on solutions.
The roughly two-year-old Uyghur Forced Labor Law (UFLPA) may be pushing a boulder uphill thanks in large part to the de minimis provision that allows
A Customs investigation prompted by the Kitchen Cabinet Manufacturers Association (KCMA) suggests Southeast Asian exporters of kitchen and bath cabinetry and vanities are picking up where the mainland Chinese left off.
The world’s fourth largest steel producer – Nippon Steel of Japan – made an offer to buy the third largest steelmaker in the U.S., U.S. Steel Corporation, in an all cash purchase priced at $55 a share in December, nearly double the company’s share price from early August.
The U.S. trade deficit fell by 2% in November over the previous month, with both exports and imports relatively flat ahead of the holiday season.
Supply chains are still in the hands of Chinese companies but have been “rejiggered” to Vietnam and elsewhere.
In the same way that Congress erred 20 years ago in granting “normalized” trade status to China, insiders are now pressing the Commerce Department to reclassify Vietnam as a “market economy.”
