USA

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer reached an agreement on 17 November for the House and Senate to hold a conference on the mainland China-focused United States Innovation and Competition Act. According to a joint statement, “the House and Senate will immediately begin a bipartisan process of reconciling the two chambers’ legislative proposals” so that a final piece of legislation can be delivered to the president “as soon as possible.” More

The world of economic sanctions is complex, highly regulated and above all, fluid, especially when they involve the world’s two biggest economies. To avoid being caught in the crossfire, Hong Kong companies should assess their economic sanctions risk and take steps to review and ensure their compliance. More

Morning Consult, a highly regarded U.S. survey company, recently published a new survey that assesses U.S. public support for the Section 301 tariffs on mainland China. Although a majority of respondents support the current tariffs, Democrats and Independents are more sensitive to the impact of tariffs on prices and are even more price-sensitive when it comes to the prospect of additional tariffs. More

President Biden announced recently several national and international steps designed to address on-going global supply chain problems. These measures follow others being taken at the federal and state levels in the U.S. More