Ways & Means Republicans Not Willing to “Rubber Stamp” GSP Trade Program
GOP leadership in the House Ways & Means Committee and its trade subcommittee agree the “free trade” Generalized System of Preferences cannot be reauthorized as-is.
For Some, Leaving China Does Not Mean Leaving Chinese Businesses
Companies are leaving China for Southeast Asia, but in many cases, that doesn’t mean they have stopped doing business with the same Chinese company.
CHIPS Act Guardrails Still Work in Progress, Raimondo Tells House
House Science, Space & Technology Committee hears from Commerce Secretary Gina Raimondo on the progress of CHIPS Act funding. We’re getting there, she said.
Farm Towns Skeptical, Wary Of SEC Climate Disclosure Rule, Some Senators Say
Senators from farm states grill Gensler over Climate Disclosure Rule’s Scope 3 provision, which will impact American agricultural producers.
Generalized System of Preferences Renewal Would Delight China
As Congress considers renewal of the program, the marketing has switched to “facilitating supply chain shifts out of China”. This is narrative creation completely untethered to reality.
House Finance Committee Shows Stalemate on China Investments in the U.S.
House Financial Services Committee Chairman comes out against increasing the restrictions on China investment in the U.S. Here’s why other members agreed. Plus, a warning from Maxine Waters on outbound investments to adversarial nations.
Trade Debate Changing As Tariffs Show Their Purpose
Tariffs on China led to shrinking imports from there, but not from around the world. Naysayers point out that this means tariff policy failed. But has it?
How Can Wall Street Still Be Invested In Treasury-Sanctioned Chinese Companies?
Treasury sanctioned 70 Chinese defense contractors.Vanguard and BlackRock have somehow found a way to still invest in them.
U.S. Trade Deficit Up 2% In July. Deficit With China Down This Year But Still Dominates US Trade
China remains largest source of U.S. trade deficit as gap with China equal to U.S. deficit with Mexico, Canada and Germany combined.
Tariffs Need To Be Complimentary With Other Policy Tools, Manufacturers Tell House Committee on China
Manufacturers from California, Wisconsin, Illinois and Ohio tell Congressmen that more needs to be done to compliment tariffs on China.