The United States, China, and the WTO National Security Exception
As the world’s two largest economies continue to escalate their ongoing trade dispute and justify their protectionist policies under the guise of national security measures, there is little to stop the rest of the world following suit. Read the full story on the China Business Review:
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Treasury Labels China a Currency Manipulator
On Monday, August 5, the Treasury Department officially labeled China a currency manipulator. Though frequently threatened in political election cycles, this is the first time the designation has been imposed since China, South Korea, and Taiwan were cited in 1994 by the Clinton administration. The designation is mostly symbolic, as many of the actions taken by the Trump administration to date, such as implementation of tariffs, go beyond the remediation actions enumerated in US law.
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Craig Allen testifies on China's health and medical sector
USCBC President Craig Allen testified before the US-China Economic and Security Review Commission on July 31, presenting on the risks and opportunities for US business in China's health and medical sector.
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