Treasury Secretary Janet Yellen said that U.S. tariffs on Chinese goods will remain in place for now. Sen. Tom Cotton (R-Ark.) is calling for the targeted decoupling with communist China, saying the United States is once again at a crossroads of her destiny. Washington has an ace up its sleeve that could be used against…
China in Focus (Feb. 19): US Treasury Secretary Says Tariffs on China Will Remain
Costs Rise as Cargo Ships Backlogged at LA Ports
The twin ports of Los Angeles and Long Beach are facing one of the worst backlogs they’ve ever seen, as dozens of cargo ships wait at anchor in San Pedro Bay. Together, they handle as much as 40 percent of the nation’s imports. A combination of trade wars, tariffs, the COVID-19 pandemic, and a shift…
Future of US-China Trade Deal Uncertain as Beijing Fails to Meet Phase One Targets
WASHINGTON—China has fallen short on meeting its pledges in the “phase one” trade agreement signed last year and the Biden administration will soon commence a review of the deal to determine a proper policy response. Treasury Secretary nominee Janet Yellen said there would be no immediate moves to lift punitive tariffs on Chinese imports that…
Trade Chief Robert Lighthizer Calls on Biden to Maintain Tariffs on China: Report
U.S. Trade Representative (USTR) Robert Lighthizer has urged the incoming Biden administration to keep tariffs on China while crediting President Donald Trump for taking Beijing to task for its spate of unfair trade practices that disadvantaged America. “We transformed the way people think about trade, and we transformed the way the models are,” Lighthizer told…
US Trade Chief Lighthizer Calls on Biden to Maintain Tariffs on China: Report
U.S. Trade Representative (USTR) Robert Lighthizer has urged the incoming Biden administration to keep tariffs on China while crediting President Donald Trump for taking the regime in Beijing to task for its spate of unfair trade practices that disadvantaged America. “We transformed the way people think about trade, and we transformed the way the models…
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