Commentary According to an old joke from the socialist and frequently underfed Soviet Union, Stalin goes to a local wheat farm to see how things are going. “We have so many bags of wheat that, if piled on top of each other, they could reach God himself!” the farmer told Comrade Stalin. “But God does…
Commerce Leaders from US, China Fail to Find Common Ground
May 26, 2023
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U.S. Commerce Secretary Gina Raimondo met with her Chinese counterpart Wang Wentao on May 25. The two traded complaints but failed to break new ground in the floundering Sino-American trade relationship. Raimondo “raised concerns” about the Chinese Communist Party’s (CCP) actions against U.S. companies in China, according to a statement released by the Commerce Department….
Senate Votes to Undo Freeze on Chinese Solar Tariffs, Setting Up Showdown with Biden
May 3, 2023
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The Senate narrowly advanced a joint resolution reversing the Biden administration’s emergency shield against tariffs for some Chinese-made solar panels. Now the ball’s in President Joe Biden’s court. The White House has said he will veto the joint resolution, warning the measure would “create deep uncertainty for jobs and investments in the solar supply chain…
Commerce Kidnapping Suspect Arrested, Victim Still Being Sought
April 26, 2023
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COMMERCE, Calif.—A man suspected of kidnapping a woman at gunpoint in Commerce was arrested April 26, but the victim was still missing. The unidentified suspect was taken into custody around 2 p.m. Wednesday and booked on suspicion of kidnapping and abduction, according to the Los Angeles County Sheriff’s Department. His car was also recovered and…
Hundreds of Businesses, Non-Profits Call on Congress to Expedite Federal Infrastructure Permits
March 28, 2023
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The U.S. Chamber of Commerce, along with 350 business organizations, have called on Congress to modernize America’s permitting processes to make way for building the infrastructure of the future. In a letter addressed to congressional leaders, the group expressed their frustration with the outdated, inefficient, and unpredictable permitting process that has hindered the development of…
Lawmakers Seek to Enhance Treasury and Commerce Departments Against China’s Wrongdoing
February 21, 2023
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Two senators are pressing the Biden administration to expand the authorities of the Treasury and Commerce Departments in order to prevent China’s communist regime from benefiting from U.S. innovation and investments. On Feb. 21, Senate Select Committee on Intelligence Chair Mark Warner (D-Va.) and Vice Chair Marco Rubio (R-Fla.) penned an open letter to Treasury Secretary…
Senate Intel Leaders Seek to Enhance Administration’s Tools to Stop Flow of US Tech to China’s Military
February 21, 2023
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Two senators are pressing the Biden administration to expand the authorities of the Treasury and Commerce Departments in order to prevent China’s communist regime from benefiting from U.S. innovation and investments. On Feb. 21, Senate Select Committee on Intelligence Chair Mark Warner (D-Va.) and Vice Chair Marco Rubio (R-Fla.) penned an open letter to Treasury Secretary…
US Receives ‘Full Access’ to China Accounting Firms for First Time Ever
December 15, 2022
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The United States is receiving full access to inspect and investigate accounting firms in China for the first time, according to the nation’s top auditor. The U.S. Public Company Accounting Oversight Board (PCAOB) announced on Dec. 15 that it obtained full access to inspect and investigate firms in China after years of refusals by the…
US Receives ‘Full Access’ to China Accounting Firms for First Time
December 15, 2022
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auditBusiness & MarketsChinaChina Business & EconomycommerceCompaniesFinance & Business TiesInternational RelationsPCAOBSpecial TopicsUSUS NewsUS-China relations
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The United States is receiving full access to inspect and investigate accounting firms in China for the first time, according to the nation’s top auditor. The U.S. Public Company Accounting Oversight Board (PCAOB) said on Dec. 15 that it obtained full access to firms in China after years of refusals by the Chinese Communist Party…
Europe Drought: German Industry at Risk as Rhine Level Falls
BERLIN—Germany’s main industry lobby group warned Tuesday that factories may have to throttle production or halt it completely because plunging water levels on the Rhine River are making it harder to transport cargo. The Rhine’s level at Emmerich, near the Dutch border, dropped by a further four centimeters (1.6 inches) in 24 hours, hitting zero…
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