As secretary of commerce, Lutnick is slated to lead the Trump administration’s “tariff and trade” agenda, especially if he is indeed given authority over certain functions of the USTR.
President Joe Biden and President Xi Jinping will meet tomorrow on the sidelines of the 2024 Asia-Pacific Economic Cooperation (APEC) Summit, which kicked off this week in Lima, Peru.
Upon beginning his second term, President-elect Donald Trump is expected to make good on his campaign promise to drastically raise US tariffs, especially those on Chinese imports, upending years of US trade policy and potentially leading to a renewed trade war.
The Department of the Treasury on Monday released a final rule implementing President Joe Biden’s August 2023 executive order on “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern.”
The Department of Justice on Monday released the second iteration of a proposed rule to implement an executive order aimed at preventing certain entities from accessing US persons’ data. First introduced in February, the rule would limit the transfer of sensitive US personal data to countries of concern, including China.
US Secretary of Commerce Gina Raimondo on Tuesday held a call with her Chinese counterpart, Minister of Commerce Wang Wentao, where she reiterated the United States’ “small yard, high fence policy” when it comes to regulating Chinese technology.
During Tuesday night’s vice presidential debate, Senator JD Vance (R-OH) and Minnesota Governor Tim Walz unpacked their respective economic platforms, both emphasizing the need to invest in the US economy and compete with China, but in different ways.
The Department of Commerce on Thursday issued a notice of proposed rulemaking that would prohibit the import or sale in the United States of connected vehicles (CVs) with certain software or hardware designed, manufactured, or developed in China. With most newly modeled cars incorporating some internet-connected system, this rule would effectively ban all Chinese cars from entering the US market.
The Biden administration’s announcement of a new rulemaking process to limit the ability of Chinese products under $800 to enter the United States duty-free under the de minimis provision has breathed new life into congressional deliberations on the issue.
The Biden administration announced today that it would be taking new actions to limit use of the de minimis provision, a trade rule that allows shipments under $800 to enter the United States tariff-free.
