The Trump administration has proposed punitive new fees on international shipping that would target vessels owned by Chinese companies or manufactured in Chinese shipyards, promising to dramatically alter the economics of global trade. The new policy would charge Chinese-owned cargo ships, as well as third-country flagged vessels built in China, $1 million or more per […]
Influential members of Congress, including the senator poised to become secretary of state in the incoming Trump administration, are pressing hard to revoke China’s Permanent Normal Trade Relations with the United States. Commonly known as “Most Favored Nation” status, PNTR means that Chinese goods being imported into the United States are granted the most advantageous […]
Former President Donald Trump has been increasingly clear about his intention to use the power of the presidency to seek revenge on those he considers his political enemies if his bid to retake the White House is successful in the November elections. Trump’s promises of retaliation are not new. Since entering the political arena in […]
A proposal under consideration by some members of the G20 group of advanced economies that would place a worldwide tax on the assets of the ultrawealthy does not have the support of the Biden administration, U.S. Treasury Secretary Janet Yellen said Monday. Yellen told The Wall Street Journal that the United States is in favor of […]