China Trade & Tech

Despite efforts from Biden administration leaders and their Chinese counterparts to stabilize U.S.-China ties, analysts believe the relationship between the strategic competitors in 2024 will be marked by volatility -- with the ever-present possibility of a major event that drastically changes the bilateral dynamic. “If there is anything we can predict about the U.S.-China relationship these days, it’s unpredictability,” Stimson Center China Program Director Yun Sun told Inside U.S. Trade . “Over the past three years we’ve had a pandemic,...

The House Foreign Affairs Committee on Wednesday overwhelmingly approved legislation that would allow the president more options to increase trade with countries subject to economic coercion, including reducing duties, while imposing trade restrictions on the alleged coercer, China. The “ Countering Economic Coercion Act ,” sponsored by Foreign Affairs ranking member Gregory Meeks (D-NY), is intended to “mitigate the impact of economic coercion” on a U.S. ally or partner by a “country of concern,” according to the legislation. The bill...

Several Republicans on the House Foreign Affairs oversight and accountability subcommittee on Tuesday criticized the Biden administration for agreeing to remove a Chinese science institute from the Bureau of Industry and Security’s Entity List in exchange for Beijing’s cooperation on efforts to stem the flow of fentanyl precursors into the U.S. The Commerce Department agency removed China’s Ministry of Public Security’s Institute of Forensic Science from the Entity List days after President Biden and Chinese President Xi Jinping met last...

The House Select Committee on the Chinese Communist Party on Tuesday called for the U.S. to create a new tariff structure for China, lower the de minimis threshold, and find alternative markets for U.S. goods to shield exporters from Chinese retaliation, among a slew of other recommendations. The recommendations are a culmination of nearly a year’s worth of hearings and exercises conducted by the committee. The panel held a business meeting on Tuesday and formally adopted a report with the...

The Bureau of Industry and Security must undertake extensive reforms to ensure China does not acquire sensitive U.S. technology, the House Foreign Affairs Chair Michael McCaul (R-TX) says in a new review, calling on the agency to overhaul its licensing process to break free from what it calls a “free trade mentality.” In October 2022, while serving as the panel’s ranking member, McCaul said he would order a review of BIS if Republicans took the House majority in the 2022...

Sens. Tammy Baldwin (D-WI) and Bill Cassidy (R-LA) this week introduced a bill that would direct the Commerce Department to funnel antidumping and countervailing duty revenue to a fund for communities harmed by unfair trading practices. The senators on Wednesday announced the “ Resilient Communities Act ,” which they say would “support communities that have been negatively impacted by foreign, often Chinese companies that skirt trade laws,” according to a Dec. 6 statement issued by Baldwin’s office. Both the United...

Congress will provide the Bureau of Industry and Security with new funding only if the agency undertakes a series of export control reforms, House Foreign Affairs Committee Chair Michael McCaul (R-TX) and two other prominent Republican lawmakers said on Tuesday. “Before we agree to work with [Commerce] Secretary Raimondo to provide additional resources to the Bureau of Industry and Security, the Department of Commerce must institute necessary reforms to keep U.S. technology from our adversaries,” McCaul said in a joint...