News List

Megan Cassella 5/22/2018 U.S. voters are almost as likely to believe President Donald Trump's proposed tariffs on Chinese goods would hurt American consumers as they are to think the Chinese would suffer, a new POLITICO/Morning Consult poll shows. The survey of nearly 2,000 registered voters found that 47 percent felt raising tariffs would have the Trump administration's… Read more »

Bloomberg: China Makes Massive Cut to Car Tariffs After Truce With Trump Bloomberg Staff 05/22/2018 China will cut the import duty on passenger cars to 15 percent, further opening up a market that's been a chief target of the U.S. in its trade fight with the world's second-largest economy. The Finance Ministry said Tuesday the levy will be lowered effective July 1 from the… Read more »

https://www.politico.com/story/2018/05/22/china-us-tech-companies-cfius-572413 Cory Bennett and Bryan Bender 05/22/2018 The U.S. government was well aware of China’s aggressive strategy of leveraging private investors to buy up the latest American technology when, early last year, a company called Avatar Integrated Systems showed up at a bankruptcy court in Delaware… Read more »

Daniel Oberhaus 05/21/2018 On Sunday night the China National Space Administration launched a communications satellite on a Long March rocket on a 280,000 mile journey to orbit the moon. The lunar orbiter is the initial step in realizing China's ambition to be the first country to place a lander on the far side of the moon. As the first communications relay satellite in… Read more »

Doug Palmer 05/21/2018 U.S. Treasury Secretary Steven Mnuchin said Monday that the Trump administration was considering possible changes to a penalty imposed on Chinese telecommunications giant ZTE, but insisted that had no connection to ongoing trade talks. "I think there are plenty of people who are trying to make this out to be something it's not," Mnuchin said in a… Read more »

Joe Weisenthal  and Tracy Alloway 05/21/2018 Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics. The recent trade tensions between the Trump administration and China has shone a light on the country's ambitions to become a technology powerhouse, as one of the complaints is that China… Read more »

Rep. Rick Larsen (WA-02) issued the below statement ahead of voting against the Farm Bill, which would negatively impact Washington’s Second Congressional District: “Washington state is the most trade-dependent state in the country, thanks in part to agriculture. The Farm Bill is an opportunity every five years for Congress to help Washington state farmers stay competitive in… Read more »

—U.S.-China Working Group Co-Chairs Rep. Rick Larsen (WA-02) and Rep. Darin LaHood (IL-18) met with Deputy to the People's Congress of Tibet Autonomous Region BAIMAWANGDUI last week to discuss the future of the region, assistance to the region, energy development and human rights. Following the meeting, Reps. Larsen and LaHood issued the below statement: “The U.S.-China… Read more »

Rep. Rick Larsen (WA-02), a senior member of the House Armed Services Committee, helped shape the Fiscal Year 2019 National Defense Authorization Act (NDAA). Rep. Larsen successfully secured provisions to protect U.S. national security and support the women and men in the military and the Department of Defense civilian workforce. “The NDAA makes important investments to strengthen… Read more »

Rep. Rick Larsen (WA-02), a senior member of the House Armed Services Committee, released the following statement in response to President Trump’s announcement the United States will re-impose sanctions and violate the Joint Comprehensive Plan of Action, an international agreement to prevent Iran from building a nuclear weapon: “Last month, Secretary Mattis said staying in the… Read more »