The Commerce Department this week outlined a plan to invest $3 billion in the expansion of U.S. advanced packaging capacity -- integral to semiconductor supply chains -- as part of the administration’s plan to counter increased Chinese investment.
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The Biden administration must maintain Section 301 tariffs on China and Section 232 duties on steel and aluminum, two key Senate Finance Committee members argued this week in a letter to the president.
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The U.S. Federal Retirement Thrift Investment Board this week dropped Chinese and Hong Kong companies from its international index fund in part because of recent investment restrictions and export bans on U.S. technology to China.
China is the only Asia-Pacific Economic Cooperation country opposed to newly developed plans to foster inclusivity and sustainability in trade and investment policy among the members of the forum, though U.S. Trade Representative Katherine Tai on Wednesday said she remained optimistic that the so-called “San Francisco Principles” would be finalized soon.
Congress should explore combining Commerce and Defense department programs into a single export licensing system to improve export control enforcement, the U.S.-China Economic and Security Review Commission recommends in a new report.
SAN FRANCISCO -- The U.S. and its Indo-Pacific Economic Framework for Prosperity partners are expected to conclude a ministerial here on Tuesday without reaching a full agreement on trade but with plans to continue talks that were roiled at the last minute by political concerns, according to senior officials and sources.
SAN FRANCISCO -- The U.S. and China do not want private sector decoupling and are committed to boosting their economic relationship, Treasury Secretary Janet Yellen said here on Friday following her meetings with Chinese Vice Premier He Lifeng, emphasizing that communication between the countries is key to avoid misinformation affecting firms’ decisions.
President Biden on Thursday lambasted Beijing’s use of “unfair trade practices” to promote Chinese-made vehicles in international markets, lauding U.S. auto workers in remarks delivered near an auto plant in Belvidere, Illinois.
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