Ways & Means Republicans Not Willing to “Rubber Stamp” GSP Trade Program
GOP leadership in the House Ways & Means Committee and its trade subcommittee agree the “free trade” Generalized System of Preferences cannot be reauthorized as-is.
For Some, Leaving China Does Not Mean Leaving Chinese Businesses
Companies are leaving China for Southeast Asia, but in many cases, that doesn’t mean they have stopped doing business with the same Chinese company.
CHIPS Act Guardrails Still Work in Progress, Raimondo Tells House
House Science, Space & Technology Committee hears from Commerce Secretary Gina Raimondo on the progress of CHIPS Act funding. We’re getting there, she said.
Farm Towns Skeptical, Wary Of SEC Climate Disclosure Rule, Some Senators Say
Senators from farm states grill Gensler over Climate Disclosure Rule’s Scope 3 provision, which will impact American agricultural producers.
House Finance Committee Shows Stalemate on China Investments in the U.S.
House Financial Services Committee Chairman comes out against increasing the restrictions on China investment in the U.S. Here’s why other members agreed. Plus, a warning from Maxine Waters on outbound investments to adversarial nations.
U.S. Trade Deficit Up 2% In July. Deficit With China Down This Year But Still Dominates US Trade
China remains largest source of U.S. trade deficit as gap with China equal to U.S. deficit with Mexico, Canada and Germany combined.
As June Trade Deficit Falls, U.S. Still On Track to Repeat $1 Trillion Trade Gap with World
The June deficit fell for the second month in a row, but that doesn’t mean the U.S. is not on track for another trillion-dollar trade gap with the world. China remains largest single source of the trade deficit.
Venture Capital CEO Tells House Committee He Agrees With Outbound Investment Restrictions
In latest House Select Committee on the CCP, outbound investment restrictions get favorable view.
Candidate Trump Announces Plans to Reshore Essential Medicines to Avoid Drug Shortages
Trump’s call to reshore pharmaceutical production, especially critical medicine in short supply, will set the table for other presidential candidates. Reshoring America’s medicine supply chain is increasingly mainstream, and an easy sell to voters.
Should Venture Capital, Private Equity, Be Allowed To Invest In Advanced China Tech?
The House Select Committee on the CCP held a debate this week with opposing teams arguing for ways to restrict outbound investment to China, including going after Silicon Valley venture capital firms.
