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The United States and China are in a new Cold War. Given that reality, our leaders must take stock of our economic arsenal. It’s time for Congress to review China’s permanent normal trade relations, or PNTR, status. Countries granted PNTR status, once called “most favored nation” status, receive preferential trade treatment such as lower tariffs and fewer barriers such as import quotas. Washington granted China PNTR status in the U.S.-China Relations Act of 2000. ....
The United States and China are in a new Cold War. Given that reality, our leaders must take stock of our economic arsenal. It's time for Congress to review China's permanent normal trade relations, or PNTR, status. ....
On February 24, 2023, the Office of the United States Trade Representative (USTR) released its 2022 Report to Congress on China's WTO Compliance (the "WTO Report"). ....
A lot of ink has been spilled in the last 72 hours regarding the historic developments involving Silicon Valley Bank and Signature Bank. Our quick summary of the facts and law is below.. ....
CA Department of Financial Protection appointed FDIC as receiver for Silicon Valley Bank. SVB is California bank subsidiary of SVB Financial Group, and member of FDIC and FRS. To protect insured depositors, FDIC created DINB and immediately transferred insured SVB deposits. ....