Relations Between the U.S. and China In One Word, Dismal Is a Decline in Trade Inevitable?
It’s goes without saying, but I will say it anyway, the recent visit to Taiwan by U.S. House Speaker Nancy Pelosi certainly didn’t help the already strained relations much, but within her reasoning for defiance of Beijing, the democracies of the world must stand together. The Chinese Embassy has now threatened to go to war with the U.S. over Taiwan.
U.S. Initiates Indo-Pacific Economic Framework in the South Pacific
On May 23 in Tokyo, Japan, the U.S., and other countries in the Pacific region launched the Indo-Pacific Economic Framework for Prosperity (“IPEF”). The countries included are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.
CBP Releases Guidance related to Complying with the Uyghur Forced Labor Prevention Act
U.S. Customs and Border Protection (“CBP”) released its first set of guidance relating to the Uyghur Forced Labor Prevention Act (“UFLPA”), which is set to take effect on June 21, 2022. CBP’s guidance takes the form of a website that is a homepage for UFLPA-related guidance, FAQs, webinars, graphics, and CBP contact information. This essential UFLPA homepage can be accessed at: www.cbp.gov/trade/forced-labor/UFLPA.
Indo-Pacific Trade Initiative to Enhance U.S. Economic Influence
On May 23, 2022, President Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners: Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.
Critical Updates from the U.S. Trade Representative – The U.S.-China Trade Relationship
Since taking office as the U.S. Trade Representative (“USTR”), Katherine Tai has prioritized trade policies focused on protecting American workers’ rights and promoting sustainable environmental practices through trade agreements.
The Uyghur Forced Labor Prevention Act & The Future of Forced Labor Enforcement
The Uyghur Forced Labor Prevention Act (“UFLPA”), which takes effect on June 21, 2022, bans the importation of all goods made in the Xinjiang Uyghur Autonomous Region (“XUAR”) in China. President Biden signed this law on December 23, 2021, which unanimously passed both houses of Congress.
Predicting the Future in U.S. Trade with China Limbo, a Status Quo, and a Really bad Accident Waiting to Happen
It’s a well-known fact in the often-tumultuous world of international trade that what happens between the two largest economies, the U.S. and China, has a ripple affect around the globe.
China’s Dual Circulation Policy
Almost two years now into the global pandemic and the world’s two most powerful economies are having to take a hard long look at their supply chain shortcomings, as well as becoming economically self-sufficient to a great extent. During the pandemic it became painfully obvious that the U.S. has become far too dependent on China for imports of many essential needs.
Ramifications of the Change in Hong Kong’s Trade Status for Importers and Exporters in the U.S. Market
Hong Kong’s change in trade status had a significant impact on the U.S. regulatory enforcement of transactions with Hong Kong entities, especially country of origin marking, assessment of Antidumping & Countervailing Duties, and controlled exports.
Forced Labor in Xinjiang: What you need to know
Human rights violations run rampant within China’s Uyghur Autonomous Region (Xinjiang), targeting ethnic and religious minority groups such as Uyghurs, ethnic Kazakhs, and ethnic Kyrgyz. The PRC government in Xinjiang has unjustly imprisoned more than one million individuals from these minority groups since 2017.