Global brands find it hard to untangle themselves from Xinjiang cotton
“‘They are being almost at this point told, ‘Choose the U.S. as your market, or choose China as your market,’’ said Nicole Bivens Collinson, a lobbyist who represents major apparel brands at Sandler, Travis & Rosenberg, a law firm in Washington.”
[The New York Times]
U.S. pushing G20 for global minimum corporate tax
“A Treasury official told reporters the G20 goal is to have a proposal on the global minimum tax by July, and the Biden administration could if needed change its legislation to bring the US minimum tax into line with the international plan.”
[AFP]
China turns to U.S. coal to fill void created by Australia import ban
“The imports of American coal, while helping fill the gap created by the Australian ban, also go towards China’s commitment to buy an additional US$52.4 billion worth of energy products from the US over two years as agreed as part of the phase one trade deal signed in January last year.”
[South China Morning Post]
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