WASHINGTON (AP) — As President Donald Trump tries to turn his global trade war into a one-on-one showdown with China, he is finding that he has alienated some key U.S. partners who could boost America’s position in a fight between the world’s largest and second-largest economies. For more than a decade, American leaders, including Trump,…
BEIJING (AP) — The recent move by U.S. President Donald Trump to make cuts at Voice of America and other U.S. government-run media may be welcome news for China’s ruling Communist Party. A Chinese Foreign Ministry spokesperson refrained from commenting on Trump’s decision Tuesday but took the opportunity to criticize the outlets. “I do not…
WASHINGTON (AP) — The U.S. severely lags behind China in shipbuilding capacity, lawmakers and experts have warned, as the Biden administration tries to build up the country’s ability to develop and produce weapons and other defense supplies to fend off war. Speaking at a congressional hearing Thursday, Rep. John Moolenaar, the Republican chair of the…
US bipartisan lawmakers have called on their Department of the Treasury to re-evaluate its treatment of Hong Kong banks, accusing the city of becoming a hub for money laundering and evasion of sanctions involving authoritarian countries. In a joint letter sent to US Treasury Secretary Janet Yellen and unveiled on Monday, Republican congressman John Moolenaar…
Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong’s banking sector, saying the city has become a top location for money laundering and sanctions evasion. Hong Kong has turned into a hub for many violations of US trade controls, including export of controlled Western technology…
Two U.S. lawmakers reportedly want the country to rethink its banking relationship with Hong Kong. Rep. John Moolenaar, R-Michigan, and Rep. Raja Krishnamoorthi, D-Illinois, sent a letter to Treasury Secretary Janet Yellen asking how the department plans to combat money laundering and sanctions evasion conducted through Hong Kong’s financial system, the Wall Street Journal (WSJ) reported Monday (Nov. 25). Moolenaar…
China has also been aggressively pursuing the technology, with Guangdong province in recent weeks joining a spate of funding programs aimed at building photonics chips in China, according to state media. read more A bipartisan group of US lawmakers is calling on the Department of Commerce to investigate national security risks associated with China’s advancements…
(Bloomberg) — US lawmakers are signaling to China that the world’s second-largest economy and its companies face a tough slog in America for the foreseeable future, regardless of who controls Washington after the November election. Most Read from Bloomberg At a divisive point in the country’s campaign cycle, House members overcame partisan tensions to vote…