On June 8, the U.S. Senate passed the U.S. Innovation and Competition Act of 2021, a bill aimed at countering China on a plethora of fronts, though some of its provisions leave the door open for unstrategic tariff removal. Passing with a 68-vote majority, the bill is now with the House of Representatives where it…
The post-pandemic recovery is becoming a China jobs program. Ports swamped with e-commerce shipments as China expands digital presence here.
Senators from the Foreign Relations Committee grilled two new Treasury nominees about sanctions. Capital market sanctions were mentioned only once. Will the new Treasury hires placate Wall Street, or follow Biden’s EO calling for divestment in 59 Chinese securities.
Canada wants to be top of mind for Buy America contracts. Thanks to the WTO, they already are. The White House needs to make Buy America policy a way to build domestic supply chains. “Work with allies” doesn’t mean “work for allies.”
Looks like the solar importers were wrong about a demand drop due to tariffs. We didn’t think they would be. There is room for both, but domestic supply chains should be revved up to support public power stations.
Should members of China’s CCP be allowed to own large swaths of American land, and commercial real estate? Rep. Chip Roy of Texas is proposing outright bans.
The Senate bill designed to help America outwit, outlast and outplay China passed mostly along party lines. Here is what we liked about what’s inside. And where we hope the House will do some rewrites on trade matters.
The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
Big mutual funds run by Vanguard and ETFs run by State Street and BlackRock will have to divest from some China stocks within a year.
The Center for American Progress just reminded Washington, and the Democrats, that protecting jobs is top of mind, not big trade deals.