US Treasury

Total 8 Posts

U.S. Treasury Nominee for Investment Security Position Weighs In on China Issues

At a Senate hearing last week on the nomination of Paul Rosen to be Assistant Secretary of the Treasury for Investment Security, there was some discussion of the U.S. investment screening process as it relates to China, and Rosen emphasized that he takes the threat from China seriously.

Commerce Department Review of Solar CVD Follows Treasury's Conclusions on Chinese Currency Undervaluation

As we reported here and here, a Commerce Department administrative review of a U.S. countervailing duty order for imports of crystalline silicon photovoltaic cells from China during 2019 examined a claim that Chinese currency undervaluation in this period constitutes a countervailable subsidy. In its recently issued Decision Memorandum for

U.S. Treasury Lists Chinese Companies and Individual for Illicit Drugs

On December 15, the U.S. Treasury Department added one Chinese individual and several Chinese companies to a designated list on the basis of their involvement in illicit drug trade. The designated persons and related personnel would be subject to sanctions, including blocking assets and denial of entrance into the

DJI and Other Chinese Companies Added To U.S. Treasury Investment Blacklist

The Office of Foreign Assets Control at the U.S. Treasury Department has added the Chinese company DJI, a maker of drones, and seven other Chinese companies to its non-SDN Chinese Military-Industrial Complex Companies List, which would effectively mean that Americans are prohibited from trading shares in the company. The

SenseTime Added To U.S. Treasury Investment Blacklist

On Friday, the Office of Foreign Assets Control at the U.S. Treasury Department added the Chinese company SenseTime to its non-SDN Chinese Military-Industrial Complex Companies List, which would effectively mean that Americans are prohibited from trading shares in the company. SenseTime uses AI technology for a range of applications,

New Treasury Department Report Finds China Is Not Manipulating Currency

On December 3, 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." As part of that report, Treasury evaluated "whether trading partners have manipulated the rate of exchange between their currency and the United

Domestic Industry Points to Changed Treasury Department Conclusions on Currency Issues in Review of Solar CVD

As we reported here, in an administrative review for a U.S. countervailing duty order for imports of crystalline silicon photovoltaic cells from China during 2019, the domestic industry alleged that Chinese currency undervaluation in this period constitutes a countervailable subsidy. The Department of Commerce (DOC) asked the Treasury Department
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