China ramps up trade sanctions on Taiwan in wake of Nancy Pelosi’s visit, bans sand exports, fruit and fish imports
Mainland China expanded its trade suspensions on Taiwan to include natural sand and additional agriculture products in the latest retaliation to the highly controversial visit by US House Speaker Nancy Pelosi to the self-ruled island.
China’s Ministry of Commerce suspended natural sand exports to Taiwan, effective from Wednesday, hours after Pelosi landed on Tuesday night.
The General Administration of Customs also suspended imports of citrus fruits, chilled white scallops and frozen mackerel from Taiwan. It cited the detection of pests in fruit shipments and positive coronavirus tests in the cold supply chain as the reasons when confirming the bans on Wednesday.
Letter from Keith Krach to Business Leaders on Xinjiang Supply Chain Business Advisory
It is critical that U.S. companies and individuals be aware of the large-scale human rights abuses perpetrated by the PRC government in Xinjiang. Businesses should evaluate their exposure to the risks that result from partnering with, investing in, and otherwise providing support to companies that operate in or are linked to Xinjiang.
Can China Form its Own Alliance? — Simone Gao with Keith Krach
G7 adopted the U.S.-led proposal BuildBackBetter World as an alternative to China’s Belt and Road Initiative. But can it compete with China’s investment? KeithKrach was the under secretary of state responsible for economic diplomacy during the #Trump administration. The Blue Dot network his team drafted was adopted by the Biden Administration and is now the Build Back Better World initiative. This Silicon Valley veteran has a good track record of defeating China’s economic aggression, particularly Huawei’s ambition to take over the global 5G communications.