Editors note: Japan’s new rules require that foreign investors must notify their finance ministry before buying one percent of many companies. This will help their national security but it will also drive down the already-undervalued yen so their exports are even more competitive. Activists wary after finance ministry names stocks covered by law on foreign…
Editors note: Australia is pushing back against its Beijing overlords. Australia and other countries spar with Beijing over its handling of the pandemic [Rachel Pannett | May 14, 2020 | WSJ] SYDNEY—For years Australia tried to balance diplomatic concerns with China against the importance of their bilateral trade relationship. Now, the two countries are openly…
Editor’s note: Sen. Rick Scott is pretty aggressive here. Don’t buy from China at all, he says. Buy American for jobs. Sen. Rick Scott is calling on people living in the United States to stop buying Chinese-made products in retaliation against the country’s communist government. [Mica Soellner | May 12, 2020 | Washington Examiner] The Florida…
Editor’s note: The US needs to do this. Now. 40% of generic-drug makers warn that supply chains could fail in six months [Hiromitsu Goto | May 12, 2020 | Nikkei Asian Review] TOKYO — As the coronavirus pandemic brings Japan’s dependence on imported medical supplies to the fore, the government has started working with more than 400 domestic…
Editor’s note: CPA is proud to support this much needed law to require that goods sold online are clearly marked as to country of origin. Americans are more motivated than usual to buy USA made products. This is important for post-COVID recovery as well. The COOL Online Act updates our labeling laws for the online…
Editor’s note: The US Trade Ambassador lays out the “Lighthizer Doctrine”. Which is much different than the views of his predecessors. The pandemic, and Trump’s trade policy, are accelerating a trend to bring manufacturing back to America. [Robert E. Lighthizer | May 11, 2020 | NY Times] Some say crises don’t so much alter the…
Editor’s note: We must not let the COVID pandemic become a growth opportunity for China. Absent counter-action, they will take out our medical supply and device industry. Manufacturers quickly retool as their western rivals struggle against production constraint [Sun Yu, Xinning Liu and Tom Mitchell | May 11, 2020 | FT] When southern Chinese auto parts…
Editors note: Perhaps the US needs to buy pork processing plants in China to export the meat to the US. What do you suppose Chairman Xi would do then? CHICAGO (Reuters) – U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and…
Editor’s note: An article calling for decoupling from China because it wants to destroy and dominate the international order, not join it. In 1947, we could afford to give containment a try. Today, a defensive stance will not cut it. [Andrew A. Michta | May 7, 2020 | The American Interest] A long overdue…
Editor’s note: SEC’s Clayton may need to find a new job. SEC refuses to go after China-owned publicly listed corps that won’t allow financial disclosures to be made public. Instead Clayton’s agency says “oh, just be careful”. Ridiculous. The commission’s ‘buyer beware’ announcement looks tough but actually is irresponsible. [Michael D. Mann and Arthur Levitt Jr.…