Manifest Modernization Act would require companies like FedEx and DHL, which import goods into the U.S., to follow same rules as ocean shipping companies. The bill was written by Sens. Cassidy and Whitehouse.
Vanguard opts out of serving mainland China invests and will close Shanghai office. Joint venture with Ant Financial comes to an end.
Business/Technology Explainer: What is the Cloud? Key Points Big Tech has developed valuable software applications to store and manage data anywhere in the world There is a vigorous national and global debate about protecting consumer data and national security as copies of data can be kept anywhere in the world The four cloud computing companies…
China is getting its clothing market back. Weaker economies are leading to less demand and that, plus skill sets and manufacturing capacity, is what’s bringing apparel makers back to the mainland.
Last week, President Biden’s U.S. Trade Representative, Ambassador Tai, took a shellacking from U.S. Senators who oversee her office. The first was from her fellow Democrat, U.S. Senate Finance Chairman Ron Wyden (D-OR), who issued a statement saying he “blasted” her office. The next day, Senator Wyden was followed by nine of thirteen Senate Finance…
Key Points The CPA Pro-Growth Model provides superior analysis of the impact of changes in trade and industrial policies and their impact on the U.S. economy. Tax credits for all U.S. manufacturing sectors would stimulate the economy, create 11.2 million new jobs, and increase real household income by 9.1%. Real GDP would grow by 6.3%.…
The November Currency Misalignment Monitor found dollar overvaluation rising further, to reach 16.8% against the basket of 33 other currencies included in our model.
In a speech to the Heritage Foundation, Presidential Candidate Ron DeSantis talks China policy for first time.
Tai is taking heat for a Biden administration decide to step aside on digital trade talks in the WTO. What was behind the decision and what’s being said about it.
The Defense Department sent its annual report on China’s military to Congress. It missed one key element: how China got there so fast in the first place. US capital and corporate offshoring helped fund it.
