WASHINGTON—The United States signed a trade agreement Thursday with Taiwan over opposition from China. The two governments say the U.S.–Taiwan Initiative on 21st Century Trade will strengthen commercial relations by improving customs, investment, and other regulation. The measure was signed by employees of the unofficial entities that maintain relations between the United States and Taiwan,…
US, Taiwan Sign Trade Deal Over China’s Opposition
June 3, 2023
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US, Taiwan Reach Deal on 1st Part of ’21st Century’ Trade Pact
WASHINGTON—The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.–Taiwan Initiative on 21st Century Trade is signed, negotiations will commence on other, more complicated…
Chinese State-Owned Baowu Group Eyes Western Australia for New Green Facility
May 12, 2023
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Chinese state-owned iron and steel company, Baowu Group, has indicated an interest in building a new green steel plant in Western Australia. During talks with Australia’s Federal Trade Minister Don Farrell in Beijing on May 11, Baowu Group’s chairman Chen Dorong said Western Australia’s availability of clean energy, and ore made the state an ideal…
Ford Wins Reversal of $105 Million Trade Secrets Verdict
A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co. to pay Versata Software Inc. $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. U.S. District Judge Matthew Leitman said that while Versata Software, which licensed software to Ford from 1998 to 2015, offered sufficient evidence…
US Reliance on China Drops Amid Trump Tariffs, Disruptive Policies, Ethical Concerns
April 27, 2023
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American dependence on imports from China has significantly diminished in recent years. Companies are scrambling to redirect their supply chains elsewhere to avoid unpredictable policy changes by the communist regime, tariffs imposed on China in 2018, and backlash over human rights violations. February imports from China came in below $31 billion, the lowest since 2006,…
IN-DEPTH: Reshoring US Industry from China Requires Defense-Driven Innovation, Economist Says
April 22, 2023
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It’s increasingly the received wisdom in Washington: China’s military power and manufacturing capacity are twin challenges America must face. Economist David Goldman wants to address the two together through vigorous industrial policy driven by smart defense spending–but his analysis has already met with skepticism in some quarters. “The United States is going to go bankrupt…
Trade Envoy Tai Says US Not Seeking to ‘Decouple’ From China
TOKYO—Washington is not seeking to decouple the American economy from China’s, U.S. Trade Representative Katherine Tai said Thursday while on a visit to Tokyo. Tai, who is on her fourth visit to Japan after being appointed the top U.S. trade envoy, said all members of President Joe Biden’s administration have been “very clear that it…
LIVE NOW: House Committee Hearing on Countering China’s Trade and Investment Agenda
The Ways and Means Trade Subcommittee held a hearing on Countering China’s Trade and Investment Agenda: Opportunities for American Leadership at 2:00 p.m. ET on April 18. Hudson Institute Senior Fellow Thomas Duesterberg, Center for Strategic & International Studies Senior Vice President for Economics Matthew Goodman, United Steelworkers Legislative Director Roy Houseman, Nebraska Farm Bureau President Mark…
House Committee Hearing on Countering China’s Trade and Investment Agenda
The Ways and Means Trade Subcommittee held a hearing on Countering China’s Trade and Investment Agenda: Opportunities for American Leadership at 2:00 p.m. ET on April 18. Hudson Institute Senior Fellow Thomas Duesterberg, Center for Strategic & International Studies Senior Vice President for Economics Matthew Goodman, United Steelworkers Legislative Director Roy Houseman, Nebraska Farm Bureau President Mark…
Twitter Taps EToro to Let Users Trade in Stocks, Crypto
April 13, 2023
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Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks, and other assets, and to enable the trading of those instruments. The trading data will be available through Twitter’s Cashtags feature, which was launched in 2012 and allows users to interact…
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