Climate Change: Beijing Has History of Broken Promises
Climate activist groups have said that criticizing China for its abysmal human rights record is bad for the planet — that calling out the Chinese
IPO Disasters – China Swindles Billions from US Investors
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
Commerce Expands China Blacklist; Includes Companies BlackRock Invests In
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.
FTC Tackles China Companies Lying About Origin
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.
May Trade Deficit Rises, As Goods Deficit Hits $444 Billion In Five Months
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.
Wall Street Helps China Truck Service Raise $1.6 Billion
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
Wins and Losses in the Senate China Bill
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
E-Commerce Propelling U.S. Trade Deficit to be Larger Than Norway and Sweden Economies
The post-pandemic recovery is becoming a China jobs program. Ports swamped with e-commerce shipments as China expands digital presence here.
Will New Treasury Hires Uphold Financial Sanctions on China?
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’s House of Commons Opposes Biden’s ‘Buy America’ Policies
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.”
