US Treasury

Total 17 Posts

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.

Yellen Speech in S. Korea Touches on China Trade Concerns

In a speech in South Korea on July 18, U.S. Treasury Secretary Janet Yellen explained various aspects of the Biden administration's views on trade policy.

Senate Hearing for U.S. Treasury Nominee Raises Several China/World Bank Issues

At a Senate Finance hearing today, Senator James Lankford (R-OK) had an exchange with U.S. Treasury nominee Jay Shambaugh on several issues related to the World Bank and China.

U.S. Treasury's Latest Iran Oil Sanctions Hit Chinese Firms

Yesterday, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) imposed new sanctions in relation to purchases of Iranian petroleum and petrochemical products, with sales to China implicated by the measures.
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