Whether China’s energy crunch is Beijing climate policy shooting some provinces in the foot or not, blackouts and factory closures will pressure U.S. supply chains that remain overly reliant on China. It’s time to move out of there.
A Deloitte survey of CFOs says that nearly half are facing serious supply chain disruptions. They all want to move away from a China-centric model. But will their new “supply chain resilience” push mean nothing for U.S. manufacturing, everything from Southeas Asia and Mexico?
Senators Marco Rubio, Rick Scott and Tom Cotton asked Treasury Secretary Janet Yellen this week to include Chinese software company, Tuya, as part of its capital markets sanctions list.
Two Democrats and Two Republicans will introduce legislation in September that would make it mandatory to label where beef sold in American grocery stores really comes from.
The U.S. China Economic and Security Commission held a three part hearing on U.S. China relations in 2021. In Part 1, treating Hong Kong like it is no different than Shanghai is now up for debate.
The July goods trade deficit shrunk somewhat but that is not going to stop a $1 trillion goods deficit in 2021. Plus, Vietnam surpasses Germany as major U.S.-bound exporter as China moves offshore to avoid tariffs.
The former Deputy National Security Advisior says in a long Foreign Affairs magazine essay that our relationship with China has to move beyond price tags and the bottom line salivations of a few big corporations, investment firms and venture capitalists.
The Securities and Exchange Commission is telling Chinese companies listed on the NYSE and Nasdaq to reveal more of their ownership structure. Meanwhile, SEC Commissioner is giving them three additional years to allow for third-party audits. That’s too long.
A labor auditor in Shenzhen called Verite was raided and shut down in April. It’s another mark against those companies like Nike that believe auditing their factory floors in China won’t be that difficult. In many cases, it might not be allowed.
Customs makes good on its promise to root out imported solar cells and panels believed to have been made from polysilicon produced by Hoshine Silicon Industry, banned from the U.S. solar supply chain this summer.
