USA: Massive tariff increases on Chinese goods
WASHINGTON – The U.S. government yesterday announced a significant expansion and increase in punitive tariffs on products from China. The measures, led by President Joe Biden, target a range of industries, including electric cars, semiconductors, solar panels, and protective masks. … Continue reading USA: Massive tariff increases on Chinese goods
US Congress Approves Ban on TikTok in the U.S.
Washington, D.C. – The US Congress has passed a groundbreaking law aimed at banning the Chinese social media platform TikTok in the United States. This decision marks another step in the increasing tension between the two economic powers and signals … Continue reading US Congress Approves Ban on TikTok in the U.S.
Australia: Former PM Kevin Rudd new U.S. ambassador
NEW YORK – The Australia government announced yesterday its nomination of Asia Society President and CEO and former Prime Minister Kevin Rudd as the country’s next Ambassador to the United States, commencing in March 2023. Asia Society Board of Trustees … Continue reading Australia: Former PM Kevin Rudd new U.S. ambassador
Chinese brands in U.S. face tougher challenges
NEW YORK – Souring relations between Washington and Beijing do not bode well for Chinese companies in the U.S. Among the 111 companies that responded to a recent survey of Chinese enterprises in the U.S., only 19% foresee that U.S.-China … Continue reading Chinese brands in U.S. face tougher challenges
Blacklisted Chinese firms plan lawsuits
BEIJING – Chinese companies targeted by a sweeping investment ban imposed by former President Donald Trump are considering suing the U.S. government after a federal judge suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi. Lawyers familiar with the matter … Continue reading Blacklisted Chinese firms plan lawsuits