Inflation wasn’t pushed higher by China tariffs imposed in 2018. It was caused by record-breaking government spending during the pandemic, and supply chain snafus. The supply chain woes that began in 2020 because of the pandemic and America’s over-reliance on China for everything from Tylenol to those ubiquitous Covid-era face masks caused prices to spike. … Read More
During the Covid-19 pandemic, many countries restricted exports of medical goods like vaccines and foodstuffs. More recently, Russia’s war in Ukraine and competition between the US and its allies with China has fomented further protectionism. Trade restrictions, such as tariffs and export bans, have also proliferated in sectors including commodities and semiconductors, which are often … Read More
When efficiency and low cost are the only motivators, production moves outside our borders. It becomes increasingly consolidated in one economy—such as China — which manipulates cost structures, controls key industries, and became a dominant supplier for many important goods and technologies.” – Katherine Tai, June 2023, National Press Club, Washington DC. Read the article.
Last year, the EU announced that it would demand importers refuse any food products treated with neonicotinoid insecticides, despite the fact that EU member countries still have emergency derogations for these chemicals. American farmers use these chemicals to prevent major crop losses through crop-eating insects. Read the article.
Strangling the business operations of one of America’s most successful companies, a company that employs 190,000 people and has a market value of over $1.5 trillion, is a direct economic attack on the U.S. Washington should not tolerate this blatant economic attack on American interests. Read the article.
A poll of registered voters, conducted by Morning Consult on behalf of the CPA, shows an overwhelming majority (81%) of voters—including 79% of Democrats; 75% of Independents; 86% of Republicans—support the U.S. government prohibiting countries like China that pose a threat to American workers from using de minimis to export foreign-made goods to the U.S. … Read More
U.S. government policies to restrict capital flows to China first began under the Trump Administration and have continued with President Biden. Export controls for tech companies selling to China, coupled with outright bans on owning the stocks of defense contractors have added to the geopolitical risk of investing there. Read the article.
“We look forward to working closely with Dr. Agama, the USTR textile team and U.S. Trade Representative Ambassador Katherine Tai to advance policies that provide incentives for onshoring and nearshoring production and bolstering the industry’s competitiveness, while enforcing policies that address illegal trade practices that undermine this industry,” said Kim Glas, President and CEO of … Read More
The Dutch government will start an investigation into the takeover of a local chipmaker by a Chinese-owned firm as the Netherlands steps up controls of the industry amid a chip spat with the Asian nation. The move comes as the country will for the first time have the power to stop foreign takeovers of Dutch … Read More
he UK is taking a more “targeted and specific” approach in areas where China poses the greatest threat to its economic security, Sunak told the London Defence Conference on Tuesday (May 23). There are a “limited number of very sensitive sectors,” such as semiconductors, where the government will take a “particularly robust” approach, he said. … Read More
