Congress spotlights forced labor concerns with Chinese shopping sites
“In a report released Thursday, the House Select Committee on the Chinese Communist Party said Temu, a rapidly growing site that sells electronics, makeup, toys and clothing, had failed ‘to maintain even the facade of a meaningful compliance program’ for its supply chains and was likely shipping products made with forced labor into the United States on a ‘regular basis.’”
[The New York Times]
Ambitious plans for U.S.-India technology sharing face hurdles
“The Biden administration says sweeping agreements on semiconductors, critical minerals, technology, space and defense cooperation and sales will ring in a new era in relations. … Standing in the way are strict U.S. rules governing export of defense technology, including International Traffic in Arms Regulations.”
[Reuters]
Global trade growth returns but outlook for 2023 is poor
“For the second quarter of 2023, the UNCTAD suggests a slowdown in global trade growth, pointing to recently downgraded world economic forecasts and factors such as persistent inflation, financial vulnerabilities, the war in Ukraine and geopolitical tensions.”
[UNCTAD]
Carbon tax for ships is supported by 22 countries
“Although substantial, the list of supporters currently doesn’t include the US or China, the world’s two largest economies. Treasury Secretary Janet Yellen said her country would look at a proposal for a maritime tax.”
[Economic Times]
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