Any Serious Congressional China Legislation Should Include Section 232 Reform SHARE
According to various news reports, Congress is preparing a package of legislative updates to U.S. trade and economic policy in order to address China’s growing economic and geopolitical influence. The resulting “China Package” will, like the
Strategic Competition Act of 2021, be a bipartisan effort that includes a mix of diplomatic and strategic policies seeking to bolster U.S. companies’ competitiveness and rein in perceived Chinese abuse. One area ripe for reform – yet unfortunately missing thus far from congressional discussions – is Section 232 of the Trade Expansion Act of 1962, which authorizes the president to impose tariffs on “national security” grounds. As we explained in a recent paper, President Donald Trump routinely abused Section 232 to impose tariffs on steel and aluminum, and threatened them on several other products – abuse that the vague and poorly-concei
U S Lawmakers Ask for Biden s Aid on Vietnamese Pork Tariffs yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Scott Olson/Getty Images-
Bloomberg | May 06, 2021
By John Boudreau and Nguyen Dieu Tu Uyen
A bipartisan group of U.S. House lawmakers is asking the Biden administration to seek the elimination of Vietnam’s tariffs on American pork and address other restrictions as it engages with the Southeast Asian country over currency and trade practices.
U.S. pork producers have failed to gain significant access to pork-loving Vietnam that has seen its domestic pig farms devastated by the African swine fever, increasing the demand for imported pork, according to a letter Wednesday to U.S. Trade Representative Katherine Tai that was signed by 72 members of Congress, both Republicans and Democrats,
Simon Evenett, Richard Baldwin
Editor s note: This is the final column in a three-part series on China and the WTO. Read the first two columns here and here.
In the first part of this three-part series, we argued that WTO members had high expectations that by admitting China into their midst, its economic system would gradually converge to the liberal economic system, which has been implicit in the GATT and then the WTO agreements. In the second part, we saw that many of China’s trading partners, in particular the US and the EU, feel that China has not lived up to their expectations.
Has New Zealand fallen under Chinese influence?
The question sounds absurd until one reads and checks successive utterances from New Zealand ministers in recent months, culminating in the quite open statements from Foreign Minister Nanaia Mahuta that the island country is going cool on its membership in the Five Eyes intelligence alliance that counters Chinese moves in Asia and around the world. And Mahuta said that is because New Zealanders are no longer “comfortable” with this long-standing alliance and the pitch of its anti-Chinese statements.
At first sight this seems strange. The Five Eyes alliance, consisting of the U.S., Canada, Australia, New Zealand and the United Kingdom, has long been known for its more subtle and balanced efforts in addressing Chinese power while maintaining a fair and equitable relationship with the rising world giant. Both India and Japan have indicated an interest in being more involved. The focus has always been sensibly on containment, as well