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.
By Charles Benoit, CPA Trade Counsel There is high drama in Congress this summer as the U.S. House and Senate offer differing takes on the direction of U.S. trade policy. The Senate’s bill would disarm America’s trade defenses and ensure a relentless flood of imports from China if passed. Fortunately, the House Ways and Means…
Dozens of trade organizations like the American Petroleum Institute and the California Retail Association want the House of Representatives to follow the Senate and weaken China tariffs.
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.
Chinese dissident Cai Xia, now at Stanford University’s Hoover Institution, says the U.S. engagement policy on China fed the dragon. The CCP owes a lot of its might to U.S. multinationals, Washington and — increasingly — Wall Street.
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 Street banks. While the initial haul is impressive, it is a mere fraction of the $20 billion FTA hopes to raise in the near future. To gain some appreciation for…
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…
Entrepreneurs like Mark Cuban are putting real money on the line to build-up and promote domestic manufacturers instead of Asian ones. Will it be enough to slow a trillion-dollar goods deficit?
The post-pandemic recovery is becoming a China jobs program. Ports swamped with e-commerce shipments as China expands digital presence here.