Taiwan Agreement Risks Treasury Rewriting Customs Law Globally
On June 1, 2023, the United States and Taiwan signed “the first agreement under the U.S.-Taiwan Initiative on 21st Century Trade.” “Initiative”? “21st Century Trade”?
FDA Allows Uninspected China Lab to Sell Cancer Drugs in the US
A Chinese cancer drug maker that has not been inspected by the FDA since 2018 is selling chemotherapy drugs to the U.S. due to shortages. When will the U.S. meet its critical medication needs?
To Fight Drug Shortages FDA Has an Idea: Import More Inspection-Free Drugs
The balance between scarcity and supply favors supply, even if that means importing drugs from labs the FDA has not inspected.
Five China Companies Wall Street Still Funds Despite Being Blacklisted
Meet the Chinese companies banned by Commerce and the State Department, but still able to attract billions from Wall Street fund managers.
Is ‘Reshoring’ Happening? New Reports, CPA Index Tries to Measure the Evidence
A look at recent studies on whether companies are sourcing manufactured goods from outside of China (they are), and if any of it that manufacturing is coming home since tariffs were imposed in 2018.
Tariffs Good, ‘De Minimis’ Bad, in Latest House Ways & Means Hearing on Trade
House Committee hears from witnesses who call for better trade enforcement, and keeping tariffs. Meanwhile, de minimis trade rule in the crosshairs again.
U.S. Trade Deficit Falls 9% in March to $64.2 Billion; Goods Deficit at $269.8 Billion on Year
Monthly trade figures show a slowing economy. Deep dives show goods gap likely to shrink. And in advanced tech, only aerospace has a trade surplus.
National Security Advisor Jake Sullivan: U.S. Needs New Trade, Economic Consensus
But rebuttal to Sullivan’s Brookings Institution speech shows a group of DC influencers are less inclined to support local manufacturing out of concerns about allied relations, more.
U.S. Treasury Continues Undoing of Inflation Reduction Act
On Friday, March 31, the U.S. Treasury launched their latest torpedo targeting the Inflation Reduction Act’s domestic manufacturing policies. This time, it’s over what countries
Repealing China’s Most Favored Nation Status: What it Means for U.S. Manufacturers and Workers
Two bills circulating in the Senate want to repeal China’s Most Favored Nation trading status. CPA trade lawyer Charles Benoit explains what it means.
