Tailgating this Weekend? Your Hamburger Probably Came from Australia
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.
India Flexes ‘Tariff Water’ Against Tesla; US Meekly Watches
By Charles Benoit, CPA Trade Counsel All nations with a domestic car industry want to come out ahead in the transition to electric vehicles (EVs).
In Latest Hearings, More Arguments Made to Boot China from Wall Street
The U.S. China Economic and Security Review Commission held a hearing on September 8 that called into question the wisdom of Wall Street investing in China. As Washington rethinks China’s access to our capital markets, Beijing may be looking to get out before it’s kicked out.
Kick Hong Kong Out of the WTO? Easier Said Than Done.
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.
Defense Authorization: Rep. Garamendi’s Buy American Push Shot Down by House Committee
In a two-part series of the National Defense Authorization Act mark-up in the House, part one looks at the Buy American Act for Navy ships: who voted in favor of it, and who did not?
July Trade Deficit Falls, But Year-Ender Will See Record Breakers With EU, Canada, & Vietnam
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.
With Tariffs in Place, America’s Solar Industry Keeps Expanding
Domestic solar manufacturers are staging a comeback. Here’s a look at what tariffs have meant for investment in this space, and a looming threat ahead that could undermine all of it.
Matthew Pottinger: China’s Biggest U.S. Ally on Wall Street, in Silicon Valley
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.
SEC Looking More Serious About China Investments
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.
Global Labor Watchdog Kicked Out of China
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.
