What the Biden Administration Should Do With ‘Blacklisted’ China Companies
Biden added more Chinese companies to its blacklist. Why is BlackRock, Vanguard, State Street and others still allowed to invest in some of them?
Forced Labor Issues Getting Watered Down by Democrats in Congress. Why?
A look at the three largest bills recently circulating in Washington, including the recently passed infrastructure law, and how they’ve gone soft on forced labor. The opportunity presented itself to take the issue more seriously than just another round of studies in each bill mentioned here.
House Ways & Means Committee Blasts China’s Shein, De Minimis Rules, And TPP Makes a Comeback
At this week’s Trade Subcommittee hearing at House Ways & Means, talk of changing de minimis rules for goods bought on line; forced labor; and a few diehards bring up TPP.
Can the MAC Make the Federal Funds Rate More Effective?
Background When inflation threatens America’s stability and economic growth, the Fed raises the Federal Funds Rate (FFR). This reduces domestic demand for borrowed funds, and that reduces the growth of domestic money in circulation and thus the rate of inflation. This approach worked reasonably well from the 1930s when the FFR became an official policy…
Here’s What the Senate’s E-Commerce Hearing Missed in its Fight Against Imported Counterfeits
The Senate Judiciary Committee hears from witnesses on how to combat online-sold counterfeit goods from flooding the U.S. They missed one key remedy — de minimis rulemaking needs a closer look.
House Capital Markets Committee Tackles Wall Street’s China Ties
A recent House Committee hearing on capital markets and China took on the question of sanctions and delisting. Is there more to come?
House Committee Doubt’s China’s Climate Change Promises, Worries About Solar
A House Foreign Affairs Committee hearing this week on climate change discusses the prevalence of green finance. And a growing distrust over China’s commitments and its solar supply chain, especially in Xinjiang.
House Committee Hearing on Small Business Supply Chains Forgets About Reshoring
A House committee hearing on the impact of the supply crisis on small businesses left out one key solution: import less, make more here.
Restarting Tariff Exclusions Undermines Build Back Better, Rewards CCP Recalcitrance
By Charles Benoit, CPA Trade Counsel Regrettably, the Biden Administration announced last week that they’re open to tariff cuts to imports of Made-in-China merchandise. First up are 549 different products, mostly machinery and technology products. But more may be coming. Ambassador Tai stated in her recent speech at the Center for Strategic and International Studies…
Why Washington Shouldn’t be Worried About ‘Inflaming’ China Relations
In speaking for the Biden administration this week at a conference at think tank CSIS in Washington, Katherine Tai said she didn’t want to “inflame relations” with China. Why this attitude gets us nowhere but towards the China-centric, pre-trade war status quo.