Foreign direct investment screening mechanisms have proliferated in recent years, worrying some researchers who say such policies -- shaped by geopolitical rivalry with China and economic fallout from the pandemic -- might unintentionally inhibit economic development.
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China’s National People’s Congress on Thursday passed a law subsequently signed by President Xi Jinping that is aimed at enabling Beijing to respond to sanctions issued by other countries.
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House Ways & Means Democrats are urging U.S. Customs and Border Protection to take “aggressive” enforcement actions against polysilicon products made with forced labor in the Xinjiang region.
The U.S. has committed to resuming trade talks with Taiwan “in the coming weeks” under the two countries’ Trade and Investment Framework Agreement, the Office of the U.S. Trade Representative said on Thursday.
A new whole-of-government task force announced by the White House on Tuesday is part of an effort to shore up supply chains in the near term, according to Commerce Secretary Gina Raimondo, who told lawmakers on Tuesday her department also is working with other agencies to monitor potential vulnerabilities well into the future.
The White House’s reviews of critical supply chains were a critical first step in developing a comprehensive approach to compete with China on technology, analysts said on Tuesday, but the U.S. still must develop a more nuanced approach to its export controls to counter the Chinese semiconductor industry.
President Biden on Wednesday rescinded three Trump administration executive orders crafted to ban TikTok, WeChat, Alipay and seven other applications over concerns the China-based app developers had access to sensitive data on U.S. citizens.
After much ado, the Senate on Tuesday passed a wide-ranging China-focused legislative package that includes a slew of trade provisions, such as the renewal of the Generalized System of Preferences and a new Miscellaneous Tariff Bill, as well as funding for domestic semiconductor manufacturing incentive programs with labor-wage provisions.
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