China’s duty-free import scheme may look like a desperation move, but it will facilitate massive purchasing and inventory build-out for China semiconductor companies looking to ramp up fast.
If the White House believes we are facing a climate emergency, then the Biden administration will have to work overtime explaining why outsourcing pollution to China is a good idea. We can produce those goods here, with a smaller carbon footprint.
Customs says there is no ‘silver bullet’ to stopping the flood of fraudulent goods, or goods made from forced labor in Xinjiang, China. Meanwhile, Germany-owned Hugo Boss says they’ll still be Xinjiang cotton buyers.
Former Reagan staffer and globalization watchdog, Clyde Prestowitz talks about his new book: “The World Turned Upside: America, China and the Struggle for Global Leadership.”