The Biden administration is stepping up the pressure on China for its human rights violations against the Uyghurs in Xinjiang. U.S. companies in Hong Kong on notice now, too.
American investors in Didi and Full Truck Alliance lose over 20% of their investment as Wall Street firms like Goldman Sachs collect their fees selling
Jake Sullivan was right. More restrictions against Chinese companies were coming. On July 9, Gina Raimondo’s Commerce Department barred American businesses from working with 22 Chinese tech and military-connected firms. Next up: banning Wall Street from investing in these companies in China.
The Federal Trade Commission said on July 1 that was now going to fine foreign companies that list on Amazon, elsewhere, as domestic manufactured products.
Despite a decline in imports from China, the U.S. trade deficit in May is up again thanks in large part to commodities imports like oil and Canadian timber. At this pace, a $1 trillion goods deficit is guaranteed for 2021.
Chinese “Uber for trucking” company, Full Truck Alliance (FTA), raised $1.6 billion in an initial public offering in the United States with help from Wall