2021 May 3, 6:14pm
215 views 12 comments
Biden White House Defends Trump China Tariffs in Legal ShowdownMarch 15, 2021, 3:02 PMThe Biden administration is defending President Donald Trump’s 2018 expansion of tariffs on Chinese goods against lawsuits brought by thousands of U.S. companies, which claim Trump overstepped his authority and that his own statements and tweets undermined the official justification for the crackdown.Attorneys for importers including Walmart, Disney, Lululemon, and Walgreens claim Trump illegally increased the number of Chinese goods subject to duties under Section 301 of the U.S. Trade Act of 1974.But the Biden administration, in its first substantive answer to the complaints, said a president’s trade policy through the U.S. trade representative is due substantial deference.“The Court should not interpose” because no clear legal violation occurred, the Biden administration argued in a brief filed March 12 at the U.S. Court of International Trade in New York.While the new administration has made a clear break from Trump in most other policy areas, it won’t do so with the Chinese tariffs it inherited because they provide leverage in future negotiations with the world’s biggest U.S. trade competitor, international trade experts told Bloomberg Law.
While the new administration has made a clear break from Trump in most other policy areas, it won’t do so with the Chinese tariffs it inherited because they provide leverage in future negotiations with the world’s biggest U.S. trade competitor, international trade experts told Bloomberg Law.
...the company’s entire business in China has been stolen by its joint venture partner.Over 1,600 workers at the joint venture facility in China turned up one day in August last year to find that the factory gates were locked, trucks had blockaded the entrances, and a group of rough-and-ready enforcers were telling them to move on.And some days later, in the dead of night, a truck entered the facility and stole some of the million-dollar manufacturing tools used to make the shredders, some of which weigh several tons. The joint venture partner “proceeded to destroy our business,” according to James Fellowes, the CEO, at a Congressional Hearing on March 31.
I've been warning people about this for decades. Put nearly all our eggs in one basket. What happens if we go to war? They simply stop shipping us everything that's manufactured there, and then take it all, using the factories to produce for themselves.We gave them everything, and paid them at the same time.
We could stop their money flow, but they could stop all the product flow we depend on, including pharmaceuticals. We fucked up big time.
If we can cure the common cold at warp speed we can build anything that china can.We don't need them more than they don't need us.
But as long as they hold their position, they could cause one helluva crisis for us if they stopped everything
New foreign-agent filings are finally detailing a massive Beijing propaganda operation that's fueled a sixfold increase in disclosed Chinese foreign influence efforts in the United States in recent years.Why it matters: Propaganda is central to China fulfilling its geopolitical aspirations, and its efforts to sow discord and disinformation in the U.S. have very real consequences for the American business, political and social climates.According to the Center for Responsive Politics, Chinese foreign agent spending has skyrocketed from just over $10 million in 2016 to nearly $64 million last year.Thanks largely to its stable of propaganda operations, China is now the top spender on foreign influence operations in the U.S.American laws designed to force disclosure of paid foreign influence are beginning to reveal the huge sums Beijing has devoted to its effort.