Sen. Josh Hawley (R-Mo.) will introduce legislation on March 21 to revoke China’s permanent normal trade relations status with the United States. If passed, the Ending Normal Trade Relations With China Act of 2023 (pdf) would withdraw China’s normal trade relations status within two years, subject Chinese imports to higher tariffs, and afford the president…
Hawley to Introduce Bill to Revoke China’s ‘Sweetheart’ Trade Status
March 20, 2023
admin
ChinaChina tariffscongressJosh HawleyPolicies & ImpactsPoliticsRepublicansSenatetrade relationsU.S.-China TradeUSUS NewsUS-China relations
0 Comment
US Manufacturing Sees ‘Steepest Downturn’ Since 2008–09 Financial Crisis: S&P Global PMI
September 2, 2022
admin
American manufacturingBusiness & MarketsChina tariffseconomyInvestmentmanufacturing PMIS&P Global Market IntelligenceUSUS News
0 Comment
U.S. manufacturing declined last month amid a loss of new orders, signaling troubling times for the sector, according to latest data from S&P Global. The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers Index (PMI) fell to 51.5 in August from 52.2 in July. This is the lowest level since July 2020, stated a news release on…
Trump’s China Tariffs Yield $150 Billion
August 31, 2022
admin
Business & MarketsChinaChina tariffsDonald Trumpeconomic policieseconomyPolicies & ImpactstariffsUSUS NewsUS-China relations
0 Comment
Tariffs placed on Chinese imports by President Donald Trump have pulled in over $150 billion over the past 50 months, according to data from U.S. Customs and Border Protection (CBP). Trump imposed the tariffs on $350 billion worth of imports in 2018 and 2019 in retaliation for China’s abusive trade practices, including throttling American companies’ access to…
Removing Trump-Era Tariffs Increases Reliance on China: Republican Lawmakers
President Joe Biden has mulled removing tariffs on Chinese goods to curb goods prices amid soaring inflation, which Republican lawmakers have pointed out would worsen U.S. dependence on China. “There’s a lesson that we should have learned during the time of COVID, that we cannot be dependent on the communist Chinese government on our supply chain,”…
Most Americans Blame Inflation on Gov’t: Poll; Released Oil Reserves Sent Overseas | NTD Business
Inflation is now the number one worry for Americans, according to a new poll. Who are they blaming for rising prices? Some crude oil released from the emergency reserve reportedly went overseas instead of staying here in the United States. The release was supposed to help lower gas prices. The Biden administration could remove tariffs on…
US, China Economic Chiefs Hold ‘Candid and Substantive’ Talks
July 6, 2022
admin
ChinaChina Business & EconomyChina tariffseconomyinflationJanet YellenLiu HePolicies & ImpactsUSUS-China relations
0 Comment
U.S. Treasury Secretary Janet Yellen had a “candid and substantive” virtual dialogue with Chinese Vice Premier Liu He, the Treasury Department said. During a video call on July 5, Yellen “frankly raised issues of concern including the impact of Russia’s war against Ukraine on the global economy and unfair, non-market” economic practices by the Chinese…
Elon Musk Threatens to Kill Twitter Deal; Apple Unveils iOS 16, M2 Chip | NTD Business
Elon Musk is threatening to walk away from the Twitter deal if the company doesn’t give him more data on spam and fake accounts. Apple kicks off one of its major annual events: the Worldwide Developers Conference. What are the latest updates it just announced? Some of Trump’s China tariffs may be lifted; Biden is weighing…
Tariffs Protect US Industries From China
September 11, 2021
admin
AnalysisChinaChina Business & EconomyChina economic sanctionsChina tariffsOpinionThinking About ChinaUS-China relationsUS-China trade deficit
0 Comment
Analysis The Trump-era tariffs should remain in place until China refrains from engaging in unfair trade practices. The U.S. trade deficit with China stands at slightly more than $187 billion so far this year. Since Biden took office in January, the trade deficit increased by 46.4 percent compared to the same period in 2020. So…
Biden Should Shift China Tariffs From American Importers to Chinese Exporters
Commentary On July 19, The Epoch Times published an exclusive interview with Dr. Peter Navarro, an economist and one of President Donald Trump’s main architects of tariffs on $360 billion worth of China’s exports to the United States. “In a world of unfair trade, tariffs represent an essential tool to level the playing field for…
Navarro Defends Trump’s China Tariffs Against Biden’s Treasury and Wall Street
Commentary On July 16, Treasury Secretary Janet Yellen criticized President Trump’s tariffs against $360 billion worth of China’s exports. “My own personal view is that tariffs were not put in place on China in a way that was very thoughtful with respect to where there are problems and what is the U.S. interest,” Yellen said after…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`