IPO Disasters – China Swindles Billions from US Investors
American investors in Didi and Full Truck Alliance lose over 20% of their investment as Wall Street firms like Goldman Sachs collect their fees selling
Government Study Shows Free Trade Deals Produced Little Benefit, Except for Multinationals
From the environment to labor, the International Trade Commission looks at a compendium of academic literature over a roughly 18-year period to gauge whether agreements like NAFTA and KORUS were good deals. And for whom.
Commerce Expands China Blacklist; Includes Companies BlackRock Invests In
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.
Senate China Bill’s “Division G” Was a Gift to the CCP; House Dems Provide Hope
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
Multinationals Lobby the House to Remove China Tariffs, Uses Inflation Excuse
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.
FTC Tackles China Companies Lying About Origin
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.
After 100 Years of the CCP, U.S. Engagement Policy Key to Making the China of Today
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.
May Trade Deficit Rises, As Goods Deficit Hits $444 Billion In Five Months
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.
Wall Street Helps China Truck Service Raise $1.6 Billion
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
Wins and Losses in the Senate China Bill
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
