Simon Lester
U.S. Commerce Secretary Talks U.S.-China Competition
In an interview yesterday with CNN's Fareed Zakaria, Commerce Secretary Gina Raimondo talked about a number of issues related to U.S.-China economic competition.
Republican Members of Congress Introduce Legislation on Divestment from Chinese Companies
Last week, two Republican members of Congress introduced legislation that they say would "force non-profits, university endowments, public pension plans, and any other tax-exempt entity to divest from Chinese companies or lose their tax-exempt status."
European Parliament Discusses Taiwan Trade Issues
At a meeting last week, the European Parliament discussed the EU-Taiwan trade and investment relationship, with Members expressing support for closer ties.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* Tariff exclusions on U.S. products and food import approvals from ASEAN countries
* High-level meetings with Mongolia on trade cooperation
* MOFCOM comments on U.S. trade restrictions
* Draft revision of competition rules
* November data on manufacturing and services raising concerns
China Not a Currency Manipulator, But Still on Monitoring List, Says U.S. Treasury Report
In November, the U.S. Treasury Department issued its biannual report to Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States." China was not found to be a currency manipulator, but was kept on a "monitoring list."
U.S. Senate Committee Holds Hearing on Digital Trade Policy, TikTok Concerns Raised
At a Congressional hearing on digital trade policy yesterday, several U.S. Senators and witnesses discussed issues related to China, including TikTok.
Raimondo Speaks on "U.S. Competitiveness and the China Challenge"
In a speech today, U.S. Commerce Secretary Gina Raimondo set out the Biden administration's thinking on "U.S. Competitiveness and the China Challenge," emphasizing many of the same general themes and specific issues that others in the administration have put forward in recent months.