US Treasury

Total 20 Posts

U.S. Treasury Department Proposes Rule Change on Foreign Investment in U.S. Real Estate

In a regulatory update that appears to respond to controversy over a planned Chinese investment in a corn wet milling plant in Grand Forks, North Dakota, the U.S. Treasury Department is proposing to add eight new military bases to a list that restricts foreign investment in U.S. real

U.S. Treasury Secretary Yellen Speaks on U.S.-China Economic Relations

U.S. Secretary of the Treasury Janet Yellen gave a speech today at the Johns Hopkins School of Advanced International Studies in Washington, DC on the U.S. - China Economic Relationship. She did not break new ground in terms of the Biden administration's thinking, but her speech provides a

U.S. Treasury Imposes New Sanctions on Chinese Firms over Iran Sales

Last week, the U.S. Department of Treasury penalized two dozen Chinese entities for engaging in transactions with Iranian firms that fall under existing sanctions. Some of these transactions were indirectly tied to Russian attacks in Ukraine, according to the U.S. government.

Proposed U.S. Legislation Would "Freeze Huawei from U.S. Financial System"

A bipartisan group of members of Congress in both the House and the Senate introduced legislation earlier this week that would cut off Huawei and other Chinese 5G companies from U.S. banks.

U.S. Treasury Sanctions Chinese Fishing Fleets for Rights Abuses

Last week, the U.S. Treasury Department announced that it would sanction certain Chinese distant water fishing fleets for various abuses, including their labor and environmental practices.

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. Treasury Offers Currency Undervaluation Guidance in Solar CVD Case

In a letter to the Commerce Department as part of an annual countervailing duty (CVD) review, the Treasury Department has determined that the Chinese currency was undervalued during the review period, but that this undervaluation was not the result of government action.
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