U.S. lawmakers have reached an agreement on legislation aimed at limiting U.S. investments in China on Tuesday.
"Over the last couple months, we have engaged in constructive discussions with stakeholders on developing a robust, targeted outbound investment mechanism to ensure the United States is not ceding its manufacturing power in industries critical to our economic and national security to foreign adversaries,""The refined proposal released today has bipartisan, bicameral support and addresses industry concerns," they added.
Biden's White House is searching frantically for ways to curb inflation, which remains at a 40-year high and at the top of voters' minds heading into the 2022 midterms. The administration repeatedly dismissed inflation as "transitory" last year, a diagnosis Treasury Secretary Janet Yellen"I think I was wrong then about the path that inflation would take." she told CNN in early June. "As I mentioned there have been unanticipated and large shocks to the economy that have boosted energy and food prices and um, supply bottlenecks that have affected our economy badly, that I didn’t, at the time, understand.
"I think some reductions may be warranted and could help to bring down the prices of things that people buy that are burdensome," Yellen said. "I want to make clear, I honestly don’t think tariff policy is a panacea with respect to inflation."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Biden hopes to 'work together' with Xi on North Korea amid U.S.-China feudA senior Biden administration official said the North Korea nuclear issue 'is an area where the United States and China should be able to work together.'
Baca lebih lajut »
New Tower in China Brings Us a Step Closer to Space-Based Solar PowerOnce built, the futuristic system would use satellites to transmit solar energy to receiving stations on Earth.
Baca lebih lajut »
U.S. Trade Rep. Katherine Tai says her Asian American identity helps 'filter out the noise' in China negotiationsAmid mounting U.S.-China tensions and spikes in anti-Asian hate, U.S. Trade Representative Katherine Tai says she's aware of the heightened scrutiny she faces as a Chinese American leading the U.S.'s trade policy.
Baca lebih lajut »
U.S. senators reach deal on gun legislation in aftermath of Uvalde shootingSen. John Cornyn, R-Texas, was one of the lead negotiators for the proposal, which would expand background checks for people under 21 and encourage states to enact “red flag” laws. President Joe Biden and House Democrats had wanted to go further.
Baca lebih lajut »
An American Journalist Was Killed in the West Bank. Why Hasn’t the U.S. Acted?“Every time a Palestinian is killed—or, in this case, a Palestinian American—it brings more heat on the Israeli authorities, who immediately try to blame it on Palestinians and then switch the story.”
Baca lebih lajut »
World's nuclear arsenals on the rise as concerns grow over China and North KoreaThe world's biggest powers might have once pledged to work toward a world without nuclear weapons, but global stockpiles are expected to rise over the coming decade, according to a new report.
Baca lebih lajut »