First-Ever House Select Committee on China Shows Washington’s Worry
House China Committee talks China. No war talk. But plenty of worry. What was said at the first ever hearing, one of Capitol Hill’s best hearings this year.
House China Committee talks China. No war talk. But plenty of worry. What was said at the first ever hearing, one of Capitol Hill’s best hearings this year.
Should China be allowed to buy U.S. farmland? What about agribusiness operations that are near military installments?
Another day, another hearing on China on Capitol Hill. The House Foreign Affairs Committee held a hearing on Feb. 28 titled “Combatting the Generational Challenge of CCP Aggression”, with the main topic members and witnesses from the State and Commerce departments being export controls. Lastly, “decoupling” was brought up by Chairman Michael McFaul (R-TX) and…
Key Points China ran a record-high trade surplus in 2022 of $878 billion, equivalent to about 4.8% of its GDP. China continues to rely on beggar-thy-neighbor export growth reliance. Last year China exports grew 7% while the domestic Chinese economy only grew at 3%, indicating that despite the talk in Beijing, China has not meaningfully…
What are the risks China poses to the U.S. industrial supply chain and what can be done about it? Some quotes from Congress and witnesses from a Feb. 7 hearing.
Notes from the recent Senate Foreign Relations Committee hearing on China. What the No. 2 at State said about China and U.S. supply chain risk.
A bipartisan trio of Senators sent a letter to China retailer SHEIN asking for assurances their clothes sold here are not made with banned cotton. They also inquire about the de minimis loophole that makes SHEIN possible.
The latest trade figures show historic deficits with Mexico, Canada and Vietnam. Meanwhile, the 2022 deficit with China and the EU is the second largest of all time.
Key Points Products manufactured in Mexico contain an increasing amount of Chinese value. Foreign direct investment by Chinese firms in Mexico is up 276%, averaging $225 million annually, compared to investment prior to the U.S. imposition of Section 301 tariffs on Chinese goods. Chinese investment in Mexico means manufactured goods in Mexico will contain an…
By Charles Benoit, CPA Trade Counsel In December, the U.S.-China Commission, a group created by Congress to advise on managing the bilateral relationship, formally recommended that China lose its Most-Favored Nation (MFN) tariff status. Referencing the decision to grant China permanent MFN status in 2001, Speaker McCarthy said in remarks on the House floor yesterday…