U.S. ‘Constructive Rebalancing’ With China Should Include Tougher WTO, Lower Trade Gap – Ro Khanna
China “distorts the markets with blanket subsidies, illegal dumping, intellectual property theft, and currency manipulation,”’ Khanna said. “The U.S. needs to work with our allies to pursue a broad WTO…
House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits
Chairman Smith also said that the IRA allowed companies, namely large electric utility companies, to use its tax breaks to pay for solar products imported from SE Asia. Almost all…
Solar Tariffs Up to 254% Risk Return in Congress Anti-China Push
The House Ways and Means committee voted Wednesday, with Democratic support, to advance to the floor a bill that would undo a two-year Biden administration pause on duties as high…
China Commission Warns of China’s Near Parity with US In Advanced Tech
“They have the scale and capacity beyond what we have at this point. We might be more creative and experimental, but ultimately the question is who can run with what…
Trade deficit hurts America
The promised benefits of free trade fell short, especially for the middle class. As a result of trade agreements, the trade deficit not only increased drastically, but the manufacturing sector…
One thing Biden and Trump have in common
A lot changed when President Trump left the White House in 2021 and President Biden moved in. But one thing didn’t: a protectionist effort to bring more production back to…
U.S. Domestic Market Share Index Slightly Increases
The Domestic Market Share Index (DMSI) was up 1.3% in 2022 from the third quarter, reflecting a slowdown in imports at the end of the year. For the entire year,…
Toy production hub in South China’s Shantou sees booming orders despite global challenges
China’s toy industry is facing uncertain factors such as slowing global demand and rising protectionism. To achieve long-term sustainable development, Chinese-made toys need to be “more high-end, intelligent and eco-friendly,”…
US-Japan Alliance to Do ‘Great Harm’ to China’s Chip Ambitions
Japan’s decision to join the US and Netherlands in restricting exports of chipmaking gear to China is giving the allies powerful new weapons to deploy in the escalating technology war….
Biden’s trade rep fires back as Republicans escalate attacks
House Republicans grilled U.S. Trade Representative Katherine Tai on Friday over the Biden administration’s decision not to negotiate new tariff-cutting agreements that would require approval by Congress, provoking the normally…