Trade
The US Department of the Treasury has announced new sanctions on Chinese and Hong Kong companies allegedly helping build Iranian military drones. The latest sanctions were described as part of President Donald Trump’s “maximum pressure campaign on Iran.” Six entities operating out of China and Hong Kong were sanctioned for reportedly supplying critical components of […]
During a recent Fox News interview, Secretary of State Marco Rubio recently expressed his belief that, under President Donald Trump’s leadership, the US’ foreign policy towards Venezuela and Dictator Nicolas Maduro will be stricter than in previous years. Secretary Rubio’s interview follows his efforts to broker an agreement where Venezuela agreed to accept deported Venezuelan […]
President Donald Trump’s Treasury Department, led by Treasury Secretary Scott Bessent, has announced a series of measures tightening sanctions on Iran’s illicit oil sales via its ‘Ghost Fleet.’ Iran has recently expanded efforts to circumvent US-imposed oil exports by covertly shipping Iranian oil through a network of foreign tankers colloquially referred to as Iran’s ‘Ghost […]
US Senator Rick Scott (R-FL) has penned a letter to Federal Communications Commission Chairman Brendan Carr urging the latter to use his authority to prevent the airing of commercials from Chinese companies like Temu during the upcoming super bowl. The super bowl is set to be disputed between the Philadelphia Eagles and Kansas City Chiefs […]
President Donald Trump has temporarily suspended planned tariffs on Mexico and Canada after the latter two agreed to some of the former’s terms on immigration, border, and trade. President Trump announced the tariff’s suspension via Truth Social, where he claimed Mexico and Canada had agreed to implement a series of measures addressing various issues but […]
President-elect Donald Trump released a string of Christmas-day messages in which he criticized China’s influence and activities in the Panama canal.
Senator Rick Scott (R-FL) sat down with The Floridian to discuss the concerns of farmers- specifically farmers from Florida – over the predatory practices of the Chinese government, including concerns about the theft of genetically modified seeds to improve crops and their refusal to buy seed-generated produce from Florida. For instance, in 2023, Newsweek published […]
President-elect Donald Trump has announced former US Senator David Perdue has accepted his nomination to become the ambassador to the People’s Republic of China. Once confirmed by the Senate, Senator Perdue’s role will be to serve as President Trump’s diplomatic arm with China. Perdue’s job will most likely center on trade, as Trump has repeatedly […]
China is supposedly studying Russia's ability to dodge Western sanctions ahead of a theoretical invasion of Taiwan. However, Representative Cory Mills (R-FL) suggested in a recent appearance on Fox Business's Big Money Show that it was nothing more than "saber-rattling," both because of differing economic circumstances between China and Russia and because President-elect Donald Trump […]
President-elect Donald Trump has vowed to block the sale of US Steel to Japanese steel manufacturer Nippon Steel Corporation (NSC). NSC and US Steel closed the sale of the latter to the former on December 2023. According to US Steel, NSC will pay $55.00 per share, representing an equity value of approximately $14.1 billion plus […]
President-elect Donald Trump’s recent tariff threats to Mexico and Canada over illegal immigration and fentanyl trafficking seem to have spurred both nations to attempt to negotiate and appease President Trump’s desires. Trump promised he would “sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States” […]
A new report from the Center for Strategic and International Studies (CSIS) claims Chinese retail platform Temu is engaging in illegal business behavior and potentially feeding China with American users’ data. The CSIS report alleges Temu is liable to China’s National Security law, which obligates Chinese companies to reveal all data requested by the CCP. […]
Senator Marco Rubio (R-FL) sent a letter to President Joe Biden (D) regarding China’s manufacturing practices that have allowed them to participate in the United States-Mexico-Canada (USMCA) free trade agreement. The Asian superpower has moved its manufacturing plants to Mexico, benefitting from the agreement and avoiding U.S. tariffs in the process. In the letter, Sens. […]
Former President Donald Trump has promised to make his 2017 tax cuts permanent and appoint Elon Musk to head a commission on assessing government bureaucracy if elected as president. Trump made the promises during a speech at the Economic Club of New York, where he spoke about his planned economic policy at length. President Trump […]
US National Security Advisor Jake Sullivan is currently on a three-day diplomatic trip in China to foster cooperation and communication channels amongst the two nations. Republicans have criticized Sullivan’s visit, claiming it forms part of President Joe Biden’s disoriented China foreign policy strategy. According to the White House, Sullivan and CCP officials discussed cooperation on […]
Chinese retail company ‘Temu’ has come under scrutiny by US Senator Rick Scott (R-FL), who is alleging the former should be federally investigated for potentially unfair trade practices. Temu, owned by Chinese company PDD Holdings, is an online marketplace for cheap goods ranging from clothes to cutlery. Senator Scott sent a letter to President Joe […]
US coastal waters could be renamed after former President Donald Trump if an initiative by Representative Greg Steube (R-FL) is enacted. Representative Steube introduced legislation to rename the US Exclusive Economic Zone (EEZ) into the ‘Donald John Trump Exclusive Economic Zone of the United States.’ If Steube’s bill passes, any reference to the EEZ in […]
Chinese ‘fast-fashion’ brand SHEIN is again at loggerheads with US lawmakers following reports the former intends to list on the London Stock Exchange (LSE). SHEIN had previously attempted to enter the US stock market through an initial public offering (IPO). However, SHEIN halted the operation after the Securities and Exchange Commission (SEC) asked the company […]
