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Watch: President Trump holds roundtable to discuss FIRRMA – 8/23/18

President Donald Trump held a roundtable discussion on the passage of the Foreign Investment Risk Review Modernization Act (FIRRMA) and, in particular, strategy in dealing with China as a bad actor in international trade. Initially, FIRRMA was introduced as separate measures in the House and the Senate, but on August 2, the two bodies agreed to a consensus version that was ...

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34 Charged in scheme to smuggle $500 million worth of Chinese counterfeit goods into the U.S.

Defendants trafficked items that included fake Louis Vuitton and Tory Burch handbags, Michael Kors wallets, Hermes belts and Chanel perfume. 34 individuals were charged Thursday following an investigation by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) into a scheme to illegally bring into the United States millions of dollars of Chinese-manufactured goods by smuggling them through ports ...

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The Trump Effect? Poll Shows 71% of Business Owners Want More China Tariffs

A majority of business owners, including small business owners, support additional tariffs on China, according to a poll released from UBS polling. A majority of business owners also supported additional tariffs on Mexico, Europe, and Canada. The poll revealed that 71 percent of business owners support additional tariffs on China. 66 percent of business owners said they support additional tariffs on ...

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Stocks React as Trump Threatens Tariffs on All Chinese Imports

Donald Trump CNBC interview 7-20-18

Stock market index futures initially dropped in early Friday trading after President Donald Trump issued another threat to China over its unfair trade practices. The markets initially reacted to the president’s comments in a CNBC interview that aired Friday morning. Trump said he’s “ready to go” on tariffs against all Chinese imports worth over $500 billion. Dow futures dropped to ...

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Report: Apple Moves User Data To China, Despite Privacy Concerns

  by Eric Lieberman Apple recently gave control of certain user data to a Chinese state-owned telecommunications operator, after moving the information earlier in the year, according to multiple reports. Based off of a social media post published Tuesday by China Telecom, the company has taken charge of Apple’s iCloud system for Chinese users, TechCrunch reports. Before, users in that country had their ...

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Cicadas, the Latest Addition to Chinese Cuisine

Business reporter Harrison Jacobs accurately describes China as a “techno–authoritarian” state. Where the Nazis used inaccurate Phrenology and calipers to identify enemies of the state, China uses the latest in technology to constantly identify, monitor, exhort and if need be, round up recalcitrant citizens. The government’s reach is so pervasive that the fleeting appearance of a Taiwan flag emoji is ...

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President Trump orders additional $200 billion in tariffs on Chinese imports

In response to China’s unwillingness to grant fair access to its markets for U.S. goods and forced turnover of American technology, President Donald Trump ordered the United States Trade Representative (USTR) to identify additional Chinese imports that will have a duty placed on them. “China has determined that it will raise tariffs on $50 billion worth of United States exports. China ...

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Here’s why Trump’s announcement of 25% tariff on Chinese goods won’t end in trade war

China Shipping Tanker

President Donald Trump announced Friday that his administration would levy tariffs against China in response to decades of unfair trade practices and theft of American intellectual property. China has threatened retaliation, but there is little chance for a full-blown trade war. “Trade between our nations, however, has been very unfair, for a very long time,” the president said in a ...

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China Warns The US Will Not See Any Changes On Trade If Trump Pushes Ahead With Tariffs

trump-and-china-war-of-words

  by Ryan Pickrell China will not yield any ground or make any concessions on trade if the U.S. decides to implement President Donald Trump’s proposed tariffs, a Chinese statement carried by state media suggested Sunday. U.S. Secretary of Commerce Wilbur Ross arrived in Beijing Saturday for trade negotiations amid rising tensions between the U.S. and China. The Chinese delegation issued ...

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Trump Fights Back At China By Imposing Limits On Chinese Visas

Visa

  by Vandana Rambaran The State Department announced Tuesday it will shorten the length of visas issued to Chinese citizens to protect U.S. intellectual property, a promise outlined by the Trump administration in the president’s national security strategy in December. The National Security Strategy reads: “The United States will review visa procedures to reduce economic theft by non-traditional intelligence collectors.” The administration plans ...

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