Category Archives: Trade policy

CPA Urges House Committee to Reject Pro-China Trade Provisions in Senate China Bill

“The Trade Act of 2021 damages U.S. economic and national security by:

1. Rewarding the CCP and multinational importers sourcing from CCP-controlled businesses by dismantling our Section 301 tariffs against merchandise from China;

2. Stripping authority from the President and hands it to international lawyers;

3. Providing a direct financial windfall to multinational importers of Made-in-China merchandise, sending them checks from the U.S. Treasury; and

4. Weakening across the board a host of critical U.S. trade programs, including Section 301, the Generalized System of Preferences (GSP), the Miscellaneous Tariff Bill (MTB), and the U.S. government’s current ban on forced labor imports.”

Source: CPA Urges House Committee to Reject Pro-China Trade Provisions in Senate China Bill – Coalition For A Prosperous America

Spengler: US elites’ imperial corruption compares to Opium War

America has no empire in the old sense of the world; when Americans occupy foreign countries they lose money rather than make money. But America’s financial and tech monopolies have the same effect. During the 2000s, Wall Street’s derivatives desks picked off the brightest engineers, and during the 2010s, the tech companies recruited the smartest engineers and computer scientists. America graduates barely 40,000 mechanical engineers each year, not surprising considering that Americans lost interest in manufacturing two decades ago. The tech monopolies offer rewards beyond the imagination of greed and have concentrated American wealth in the hands of the smallest number of people in history. And they feed on a culture of insouciant hedonism that values individual self-expression as a matter of religious dogma while enforcing a vicious conformity upon young people.

Source: US elites’ imperial corruption compares to Opium War – Asia Times

How the US Can Beat China at Its Own Money Game

Under its Belt and Road Initiative, China has been going all over the world signing business deals with countries to build their infrastructure. The United States has been standing on the sidelines, watching China gain increasing influence and leverage over these countries without doing much to stop it. In this episode of China Unscripted, we discuss how the US should be doing something similar with green energy to tackle climate change, China setting standards for 5G, the effectiveness of blacklisting Chinese Companies, and as well as other topics. Joining us in this episode is Christopher Balding, a fellow at the Henry Jackson Society and an associate professor at the Fulbright University Vietnam. He was formerly an associate professor at Peking University HSBC School of Business in Shenzhen, China.