U.S. Trade Representative Katherine Tai told podcast hosts at Bloomberg News that the U.S. and other countries that lost manufacturing jobs as China ramped up its exports from 2000 to 2019 are saying: "We will not tolerate, we cannot tolerate a China Shock 2.0."
A survey of large American-headquartered multinationals -- 40% of which capture more than $1 billion in revenue from Chinese operations -- found as one of their top concerns the rising competitiveness of Chinese companies, whether from subsidization or business advances, or a combination of those factors.
A bill that passed out of the House Ways and Means Committee that would make consumer tax credits for electric vehicles more restrictive is on the schedule for a vote next week.
The House of Representatives will not be voting on a de minimis restriction as part of its "China week," according to a list of 31 bills published by its leadership Sept. 3. House Speaker Mike Johnson, R-La., had said in July that he expected changes to de minimis to be part of the package (see 2407080049).
The U.S. has asked Canada for formal consultations on the 3% digital services tax on revenues of large social media platforms, e-commerce platforms and other companies that target advertising or collect data from Canadian customers.
Higher or new Section 301 action on Chinese goods such as batteries, EVs, plug-in hybrids, ship-to-shore cranes, solar cells and panels, syringes, needles, critical minerals, some metals will not go up until at least September, as the Office of the U.S. Trade Representative has missed a second self-imposed deadline. The proposed changes, first announced in May, said some tariffs would go up on Aug. 1, but on July 30, the office said it had not finished responding to more than 1,100 comments, and it would make a final determination in August (see 2407300047).
National Security Adviser Jake Sullivan told China's foreign minister that the U.S. is still concerned about the Chinese government's "unfair trade policies and non-market economic practices," according to a White House readout that focused more on military and law enforcement issues than trade.
American drone maker Anzu Robotics produces DJI drones, not its own designs, allege the leaders of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.
Sayari analysts, who say their company crunches 600 million shipment records, say that the Uyghur Forced Labor Prevention Act has had more impact than British, German, Swiss, Canadian and French laws aimed at removing human rights abuses from supply chains.
CBP still hasn't been able to properly police fraud in drawback claims, where importers claim drawback funds for merchandise that was never exported, the Government Accountability Office says in a summary of unresolved recommendations for the Department of Homeland Security.