Micron Technology would be a less than super deal for China. Beijing sees its reliance on foreign tech as a strategic weakness, and has already struck several small deals to bolster its own semiconductor industry. Yet a reported $23 billion purchase of the American memory-chip maker would be a much tougher proposition. [ by…
HONG KONG — It is either the first step in the largest takeover of an American company by a Chinese one or a new chapter in the emerging technological cold war between the two countries. [ by Paul Mozur and Quentin Hardy | July 14, 2015 | NY Times ] Tsinghua Unigroup, a state-owned…
Sen. Robert Menendez (D-NJ) is threatening to unravel a compromise he earlier blessed to amend provisions on human trafficking in the newly enacted fast-track law, but whether doing so would have any impact on congressional consideration of the Trans-Pacific Partnership (TPP) now seems unclear. [Reposted from Inside US Trade | July 13, 2015] The Trade…
Domestic steelmakers have urged the government to keep steel out of the purview of any future free-trade agreements… [Reposted from The Financial Express | Surya Sarathi Ray | Juy 9, 2015] Domestic steelmakers have urged the government to keep steel out of the purview of any future free-trade agreements (FTAs) and also review the existing…
The U.S. Census Bureau reported Tuesday that the May goods and services trade deficit was an enormous, humongous $40.9 billion, up a bit from an enormous, humongous $40.7 billion in April. [Reposted from Campaign for America’s Future | Dave Johnson | July 7, 2015] Our enormous, humongous trade deficit is a measure of how many…
The fast-track authority legislation for the Trans-Pacific Partnership recently passed by Congress says we can’t make “trade” agreements like TPP with countries that violate human rights. There is a report that to get around this rule the administration is going to declare the worst violators of human rights to be OK after all. [Reposted from…
To someone new to the scene, it might seem as if both major parties are engaged in a war on exports. [Reposted from USA Today | Editorial Board | July 12, 2015] Democrats took the offensive first, trying to kill an emerging Pan-Pacific trade agreement just as American manufacturers have become highly competitive and are…
Japan’s minister in charge of a 12-country Pacific Rim free trade initiative said Tuesday one possible option is to reach a broad agreement without some members that are unwilling to end negotiations at the next ministerial meeting later this month in Hawaii. July 14, 2015 | MarketPulse Economic and Fiscal Policy Minister Akira Amari…
Using a loophole in the WTO’s clause on national security threats, Beijing has effectively banned foreign competition [Reposted from Epoch Times | Joshua Phillips | July 9, 2015] The Chinese Communist Party has created a new law that allows it to selectively ban foreign imports while propping up its own companies. The new law uses…
Conservatives believe they can persuade a majority of their colleagues in the House GOP to oppose the Export-Import bank, whose charter expired June 30. [Reposted from The Hill | Kevin Cahill | July 12, 2015] Rep. Jim Jordan (R-Ohio), the chairman of the conservative House Freedom Caucus, said that there’s a “good chance” the majority…
