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
Representative Mike Gallagher, a Wisconsin Republican who leads a China-focused congressional committee, wants Changxin Memory Technologies, Inc. placed on a blacklist that effectively bars dealings with American firms. Gallagher wants Changxin on a list that already encompasses many of China’s largest technology companies, including networking leader Huawei Technologies Co. and its largest storage firm Yangtze Memory Technologies … Read More
Overdependence on the global market, Sullivan suggests, became the enemy, a point accentuated by the global pandemic, the disruptions in supply chains, the Ukraine war, and a changing climate. Echoing yet another aspect of Trump’s America First (not so, Sullivan would cry!) is the pursuit of an agenda favouring generous subsidies and, by virtue of … Read More
Most goods imported from China have currently zero or a very low tariff levied on them. The weighted average of last year’s imports was 2.5% under MFN. The tariff rate under MFN removal would result in a 39.9% weighted tariff rate. Since 2001, the trade deficit with China has grown by about $300 billion to … Read More
Spain, the world’s top olive producer, has demanded that Washington lift the anti-subsidy duties, which a World Trade Organization trade panel deemed illegal in 2021. Spanish olive exports to the U.S. plunged after the Trump administration in 2018 imposed import taxes on products it deemed to be subsidized with trade-distorting aid from the EU. Read … Read More
The trade deficit with China has cost the U.S. 3.82 million jobs since 2001. Three-quarters of the job loss is concentrated in manufacturing, a total of 2.89 million manufacturing jobs lost. Job loss has been most concentrated in tradeable sectors. China has the majority share of apparel and leather products with 61% of the U.S. … Read More
