Electric vehicle (EV) maker Tesla sent an internal memo notifying staff that the company would be laying off more than 10 percent of its global workforce, Reuters reported Monday.
Read MoreTesla Announces Layoffs as Sales Slow
Tag: China
Chinese Military Companies Have Spent over $24 Million Lobbying the U.S. Government in Recent Years
Entities the Pentagon classifies as “Chinese military companies” have spent more than $24 million lobbying the U.S. government since 2020, a Daily Caller News Foundation review of lobbying disclosures found.
Some of the biggest spenders on lobbying included corporations directly tied to human rights abuses and Chinese military research, like telecom giant Huawei, facial recognition software developer Megvii and genomics company BGI Shenzhen. Chinese military corporations cast a wide net across the American government, lobbying the House, Senate and various parts of the executive branch, including the office of the president, often setting their sights on proposed policies that would impact their U.S. operations, according to a DCNF review of congressional disclosures and legislative records.
Read MoreCommentary: Free Traders Are Wrong – It’s Time to Try Trade a New Way
A recent Daily Mail poll showed 54 percent of voters support Trump’s proposal to put 10 percent tariffs on most imports, from China or not. This is sacrilege to American free traders.
The free-trade globalization crowd – who saw the 80s up to early 2000s as their heyday– believe in a world that does not exist the way they say it does on paper. Do you think Germany allows Ford Mustang’s into their country tariff free? EU charges Ford a 10 percent tariff, four times what we charge their automakers.
Read MoreHouse Republicans Raise Alarm over China’s Potential Use of U.S. Funds in Military Research
House Republicans are urging the Government Accountability Office, Congress’s nonpartisan watchdog, to investigate what safeguards the National Institutes of Health has in place to ensure China does not use research funds to bolster its military or unethically use humans in research studies.
“Recent reports have raised concerns about the NIH’s ability to screen for national security issues,” the Republicans, led by House Energy and Commerce Committee Chair Cathy McMorris Rodgers, Wa., wrote in a letter Tuesday to Government Accountability Office Comptroller Gene Dodaro.
Read MoreCommentary: With ‘Friends’ Like Obrador, Enemies Like Putin, Xi, Kim Jong are Old News
In a recent 60 Minutes interview, Mexican President Andrés Manuel López Obrador—who prefers to be known as AMLO for short—issued to the Biden administration blackmail demands that sounded more like existential threats.
AMLO warned the U.S. that the current influx of some 10 million illegal aliens through the southern border will most certainly continue—unless America agrees to his ultimatums.
Read MoreChinese Illegal Alien Arrested After Trespassing on Military Base in California
A Chinese national was arrested after driving onto a Marine Corps base in California and refusing to leave, U.S. Customs and Border Protection confirmed.
Border Patrol agents confirmed to a local news outlet that the Chinese national was arrested Wednesday after entering onto the base in Twentynine Palms.
Read MoreCommentary: The Biden EV Plan Needs American Mining
The Biden administration has just supercharged the electric vehicle (EV) revolution. With its finalized tailpipe emissions rule, the administration expects that by 2032 70% of new U.S. car sales will be electric.
This lightning-fast transformation of the nation’s car fleet faces myriad challenges but perhaps none are greater than sourcing the minerals needed for millions of EVs and addressing the nation’s alarming reliance on Chinese-controlled mineral supply chains.
Read MoreKansas Lawmakers Pass Bill Banning Chinese Land Purchases Near Military Sites After DCNF Investigation
The Kansas House of Representatives passed a bill Wednesday preventing foreign adversaries from buying up land near sensitive military sites following a Daily Caller News Foundation investigation.
In an 84-39 vote, the Kansas House passed SB172, which prevents firms and entities linked to China and other countries identified as foreign adversaries from purchasing agricultural land within 150 miles of a military installation. The bill’s passage follows on the heels of a DCNF investigation that discovered the parent company of a firm that planned to buy land in Kansas is extensively tied to the Chinese Communist Party (CCP). The DCNF’s investigation was based on research conducted by The Heritage Foundation Oversight Project and Heritage Action.
Read MoreU.S. to Announce Major Shakeup in Military Ties with Japan as China Threat Looms
The U.S. and Japan will announce a historic upgrade to security ties, including a collaborative military command, next month as the two former adversaries move closer together in determination to counter China, according to media reports published Monday.
Chief among the changes under consideration involves sending a four-star general, the highest peacetime rank, to head U.S. Forces Japan (USFJ) and jointly oversee a military command with Japan for planning and exercises, Reuters reported, citing two sources familiar with the discussions. Tokyo also hopes to establish a new Japanese Self Defense Forces (SDF) headquarters, whose head will serve as the Japanese counterpart to the American four-star, by March of 2025, the sources said.
Read MoreImpeachment Probe Dramatically Pivots to Questions of CIA, DOJ Coverup in Hunter Biden Case
After a bombastic hearing with Hunter Biden’s business partners, House impeachment investigators are dramatically pivoting to allegations of a possible coverup in the first son’s criminal tax case as the inquiry transitions to a new phase.
On Thursday, the House Judiciary Committee sued the Justice Department seeking to force two attorneys there to comply with subpoenas and testify about whether there was any political interference in Hunter Biden’s tax prosecution.
Read MoreHouse Committee Examines Threats to U.S. Food Security from Chinese Ownership of Land, Facilities
The House Agriculture Committee took a close look Wednesday at the influence of China on America’s food supply.
The committee also heard testimony concerning Chinese companies activities in the U.S., allegedly stealing intellectual property and purchasing supply chain assets that American farmers depend on to produce crops.
Read MoreFirm Tied to China’s Military Industrial Complex Plans to Roll Out Massive Battery Chemical Plants in U.S.
The Chinese manufacturer of chemicals for electric vehicle batteries planning to build two U.S. factories has long-standing ties to China’s military industrial complex, a Daily Caller News Foundation investigation found.
Capchem Technology USA, the wholly-owned subsidiary of China-based Shenzhen Capchem Technology (Capchem), plans to build factories in both Ohio and Louisiana that would produce components for electric vehicle batteries. Chinese government documents reveal the Chinese chemical giant was selected over a decade ago to conduct aerospace research for China’s military industrial complex as part of a program overseen by a blacklisted Chinese government agency.
Read MoreCommentary: If H.R. 7521 Was Only About TikTok, the Bill Would Only Apply to TikTok
“The TikTok bill gives Biden the power to ban websites & apps run by ‘a person subject to the direction or control of a foreign person or entity.’ Given that Biden routinely smears political opponents as being under the control of Putin, the danger should be obvious.”
That was entrepreneur David Sacks on X (formerly Twitter) on March 13 noting the fact that H.R. 7521, which has easily passed the House and is now on a fast track in the U.S Senate will give the President, right now it’s Joe Biden but also future presidents, can force divestiture of any website or application or else have it removed from hosting services if the President determines it is run by “a person subject to the direction or control of a foreign person or entity” including Russia, China, North Korea or Iran.
Read MoreCommentary: Biden Administration Abuses U.S. Intelligence Community to Undermine Netanyahu’s Leadership
Something reprehensible happened this week during a Senate Intelligence Committee hearing on the U.S. Intelligence Community’s annual worldwide threats report. In addition to discussing threats to our country from China, Russia, Iran, North Korea, and terrorist groups, the report questioned the leadership of Israeli Prime Minister Benjamin Netanyahu and said large protests in Israel demanding his resignation could drive him from power.
Read MoreSenate Intel Chair: ‘There May Need to be Certain Changes Made’ to House-Passed TikTok Bill
Sen. Mark Warner, D-Va., chairman of the Senate Intelligence Committee, expects the House-passed bill that could lead to a ban on TikTok in the U.S. might need to be amended in the Senate
Warner told reporters last week the changes could involve the timeline that it requires Bytedance to divest in the popular smartphone app.
Read MoreElon Musk Defends Trump and Slams Establishment Media for Taking Quote Out of Context
Tesla CEO Elon Musk is defending former President Donald Trump on Sunday after multiple establishment media outlets ran headlines stating that the former president warned the U.S. would see a “bloodbath” if he is not reelected.
Read MoreCommentary: America’s Intelligence Community is Broken
In the current discourse surrounding the U.S. Intelligence Community (IC), a prevailing narrative has emerged, as highlighted in a recent Politico article, that mistakenly warns of a future Trump administration’s destruction of the IC as we know it. This perspective is biased and misguided. The real crisis in the Intelligence Community is not what Trump will do if reelected but how to resolve the total erosion of public trust in the IC due to the actions of the D.C. intelligence establishment over the past several decades.
The intelligence officials quoted by Politico, in decrying politicization, ironically contribute to it, exacerbating the broader loss of faith in our institutions. The Intelligence Community, a cornerstone of our national security, must operate insulated from politics — a necessity for its credibility and effectiveness in safeguarding national interests.
Read MoreBeijing’s Military Hacked U.S. Nuclear Firm Before Hunter Biden Aided Chinese Bid to Acquire It
U.S. officials were acutely aware that Beijing was trying to obtain America’s premiere nuclear reactor technology, including through illicit hacking, months before Hunter Biden and his business partners sought to arrange a quiet sale of an iconic U.S. reactor company to a Chinese firm, according to court records and national security experts.
Read MoreHunter Biden, Partners Aided Chinese Bid to Corner Nuclear Energy Market with U.S. Tech, Memos Show
While his father was still vice president, Hunter Biden and his business partners tried unsuccessfully to help a Chinese energy firm acquire one of the United States’ premier nuclear technology companies in a secret attempt to “control” the global market, according to new evidence turned over to Congress in President Joe Biden’s impeachment inquiry.
Read MoreGOP-Led House Passes Bipartisan Bill to Force China Company Bytedance to Divest Stake in TikTok
A bill to require the Chinese company Bytedance to divest its stake in TikTok within 165 days or face a ban on the popular smartphone application in the U.S. passed on the House floor in a bipartisan vote on Wednesday.
Read MoreHouse Panel Unanimously Passes Bill to Ban TikTok in U.S., Final Vote as Early as Next Week
A GOP-led House committee has unanimously passed a bill that attempts to ban TikTok nationwide on all electronic devices.
The bill passed the House Energy and Commerce Committee on Thursday and could get a final vote as early as next week, amid concerns about the China-based owner of the popular, short-form video platform giving user data to the Chinese Communist Party.
Read MoreChinese Investors Flee Country’s Market as Beijing Fails to Prop Up Economy
Chinese investors are racing to put funds in offshore assets as Beijing fails to successfully prop up the country’s ailing economy, according to Reuters.
China’s Qualified Domestic Institutional Investor program, which serves as an avenue for investors in the country to buy foreign securities, jumped 50% in January year-over-year, butting up against the $165.5 billion limit that Beijing has set on the fund, according to Reuters. Li Qiang, China’s premier, announced on Tuesday steps to transform the country’s development model and increase growth that has failed to pick up since the COVID-19 pandemic, with factors like deflation, poor household consumption and huge real estate debts dragging down the economy.
Read MoreBiden Admin to Investigate Chinese-Made ‘Smart Cars’ Posing Potential National Security Risks
The Biden administration announced Thursday it will investigate Chinese-made “smart cars,” citing national security risks and surveillance concerns.
The investigation will center around concerns that Beijing could use Chinese smart cars inside the U.S. to collect information on the driver and the area surrounding the vehicle, according to the White House. U.S. intelligence agencies have warned that China has capabilities allowing it access to a score of key infrastructure systems, which could potentially be exploited in the event of a global emergency.
Read MoreReport: US EV Manufacturing Faces ‘Extinction-Level Event’
An Alliance for American Manufacturing report called for tariffs to protect the U.S. electric vehicle market from an “extinction-level event” caused by Chinese competitors.
The report follows Chinese EV maker BYD, the world’s largest EV maker, releasing a $14,000 EV in February that could “demolish” domestic EVs, often $40,000 more expensive.
Read MoreRep. Mark Green Tells CPAC That ‘Every American Should Be Scared to Death’ as Chinese Nationalists at Border Hits High
Republican lawmakers and a former immigration official are sounding a new alarm about the national security threats facing the U.S. at the U.S.-Mexico border.
Read More‘Serious Problems’: Global Plague of Recessions Could Infect U.S., Experts Say
The recessions currently plaguing several major countries around the world could be what drags the U.S. into an economic downturn of its own, experts told the Daily Caller News Foundation.
Germany announced on Monday that it fell into a technical recession in the fourth quarter of 2023, after reporting its second month in a row of negative growth, following several other top nations experiencing economic difficulties. While the U.S. has managed to avoid a recession due to its size and diverse industries, foreign economic malaise may drag the U.S. economy down through changes to trade and global inflation that would lead to a loss for American businesses, experts told the Daily Caller News Foundation.
Read MoreNonprofit ‘Building Bridges’ Between China and U.S. Heartland Has Deep Ties to Communist Party Influence Network
A politically-connected Midwestern nonprofit focused on “building bridges” with China has extensive ties to groups and individuals who are affiliated with the Chinese Communist Party’s (CCP) influence arm, the Daily Caller News Foundation has found.
The Missouri-based United States Heartland China Association (USHCA), a 501(c)3 bipartisan organization, characterizes its mission as “building bridges and promoting opportunities” between U.S. officials and businesses in Midwestern states and China. USHCA runs a number of U.S.-China programs, including agricultural roundtables, business seminars, student forums and political junkets to China.
Read MoreCommentary: The Pandemic Treaty That Won’t Prevent a Pandemic
If a “pandemic treaty” fails to account for the dismal international response to COVID-19 and isn’t focused on preventing future pandemics, is it really a “pandemic treaty”? Yet that’s the current state of the draft “pandemic treaty” being negotiated under the auspices of the World Health Organization (WHO).
The failures of the international health system’s response to COVID are well-established. The People’s Republic of China failed to inform the international community of the outbreak in a timely manner as required by the International Health Regulations – a provision established because of Beijing’s cover-up of the 2002 outbreak of severe acute respiratory syndrome (SARS). China mischaracterized COVID-19 saying that there was no evidence of human-to-human transmission—a deadly lie that the WHO parroted unquestioningly.
Read MoreCommentary: Biden Staffer Who Mishandled China, Iran Secrets Retains High-Security Pentagon Job
While Special Counsel Robert K. Hur has raised the issue of mental deterioration in explaining why he declined to prosecute 81-year-old Joe Biden for illegal retention and sharing of classified documents, the president chose another rationale to declare himself not culpable: He shifted the blame to the staffers who boxed up his records as he left the vice president’s office in 2017.
At a press conference hastily assembled after the report’s release, Biden said he assumed his aides had shipped “all” the documents to the National Archives in College Park, Md. “I wish I had paid more attention to how the documents were being moved and where,” he said. “I thought they were being moved to the Archives. I thought all of it was being moved [there].”
Read MoreChina’s Real Estate Collapse Infecting Troubled American Sectors
The crumbling Chinese real estate sector is starting to put properties around the world on the market at deep discounts, threatening debt-laden American commercial developers and the U.S. banks holding the loans, according to Bloomberg.
In a bid to pay off massive debts, Chinese real estate developers are having to offload a huge number of properties onto the global market, depressing prices even further for a sector that already has had borrowing cost hikes, causing a loss of $1 trillion in office property values, according to Bloomberg. The drop in property values hits American commercial real estate particularly hard due to the huge amount of debt the sector holds and the dwindling U.S. demand, with banks that hold the debt also fearing they may lose out on their investment.
Read MoreMexico Dethrones China as America’s Main Source of Goods
Mexico supplied the United States with a higher volume of goods than China in 2023, according to annual data from the Bureau of Economic Analysis (BEA) published on Wednesday.
The U.S. imported about $427.2 billion worth of goods from China, whereas imports from Mexico reached around $475.6 billion, according to the data. Trade tensions between the U.S. and China persist as America continues to impose sanctions and tariffs while the two countries engage in a race to develop artificial intelligence technology.
Read MoreCommentary: Ban TikTok or Let Beijing Control Our Broadcast Networks, Too
In the dynamic landscape of global entertainment, the influence of Beijing over Hollywood has long been a topic of heated discussion. While the box office power of the Chinese market has waned, giving a breath of creative freedom back to our filmmakers, there looms a new and more pervasive form of influence on Hollywood and well beyond: TikTok.
Beijing may have lost theatrical market leverage, but it has more than made up for that with an overpowering social media presence that has become an epidemic, not just in Hollywood but throughout the United States. In fact, the Chairman of Congress’s Select Committee on China, Rep. Mike Gallagher (R-WI), accurately labels TikTok as “digital fentanyl” and has been aggressively campaigning to ban the social media app.
Read MoreTikTok is Still Sending American User Data to Chinese Parent Company: Report
TikTok continues to distribute data to its Beijing-based parent company ByteDance despite its purported efforts to protect American data, The Wall Street Journal reported on Tuesday.
TikTok attempted to address concerns from lawmakers and public officials over its handling of Americans’ data by spending $1.5 billion on establishing an isolated unit to safeguard American data called Project Texas. However, managers within TikTok are telling employees to share data to ByteDance, bypassing authorized channels, according to current and previous employees as well as company records the WSJ saw.
Read MoreLocal News Curation App NewsBreak Backed by Chinese Venture Capital Funds
An investigation by The Tennessee Star uncovered that the major backers of NewsBreak, an application that curates local news stories, is heavily backed by venture capital funds from communist China.
As reported in 2021, NewsBreak’s parent company is Particle Media.
Read MoreExperts Raise Concerns over History of CIA Director Overseeing Intel Push into China
National security experts are raising concerns over CIA Director William Burns’ previous involvement with a D.C. institution that employed numerous Chinese Communist Party members, in light of his efforts to reorient the agency toward addressing the threat from China.
Recent reports have shed light on the historic shift underway at the U.S.’ most expansive intelligence directorate to rebuild a network of human spies in China, and outpace Beijing’s adaptation to a rapidly changing technological environment. However, Burns previously headed a think tank that hired people and groups professing membership to the Chinese Communist Party (CCP), a fact that experts say raises red flags about Burns’ credibility.
Read MoreChina Finishes Off Year with Sluggish Growth as Economy Fails to Recover
China’s economy grew at a rate of 5.2% in 2023, failing to return to the same growth of around 6% year-over-year that was common before the COVID-19 pandemic, according to The Wall Street Journal.
The year’s growth was an improvement on the even worse growth in 2022, which totaled just 3% for that year, and economists expect similar sluggish growth in 2024 unless a big policy change occurs, according to the WSJ. A number of different indicators added to the dismal report, including real growth in urban disposable income, which grew at just 4.8% in 2023 and was the lowest year since 2002, barring 2020 and 2022.
Read MoreSecond-Largest Foreign Owner of U.S. Land Is a Chinese Communist Party Member
The second-largest foreign landowner in the U.S. is a Chinese billionaire who it has been determined is a member of the Chinese Communist Party (CCP), according to a Daily Caller News Foundation review of Chinese-language news reports.
Chen Tianqiao, the founder, chairman and CEO of global investment firm Shanda Group, owns approximately 200,000 acres of land in Oregon, according to Land Report. Chen also has extensive ties to the Chinese government, ranging from CCP membership to executive roles in CCP-affiliated organizations, according to a DCNF review of Chinese-language media reports.
Read MorePressure Grows in Congress to Determine If Bidens Got Defensive Intel Briefing on China Deal
The FBI conducted FISA surveillance on one of Hunter Biden’s Chinese business partners while other federal prosecutors secured evidence that a second Chinese associate of the first family was present when foreign bribery payments were made. And a major bank reported to the U.S. Treasury Department that in 2017 a $5 million loan the Bidens got from a Chinese energy company smacked of a Beijing influence operation targeting Joe Biden before he was president.
A fast-growing body of evidence from bank transactions to court transcripts is putting pressure on Congress to resolve an important question: Did Joe Biden or any of his family members get a defensive briefing from U.S. intelligence that some of their foreign business partners had unsavory ties or were engaged in criminal behavior?
Read MoreBiden Admin Watered Down Vetting Process for Chinese Illegal Immigrants, Email Shows
The Biden administration drastically simplified the vetting process for Chinese illegal immigrants in April 2023, according to an internal U.S. Customs and Border Protection (CBP) email obtained by the Daily Caller News Foundation. The April 2023 email, which was sent by a CBP supervisor to a “master list” of about 500 Border Patrol agents, instructs CBP officials to radically reduce the number of interview questions for Chinese migrants apprehended after illegally crossing into the country from roughly 40 to just five. The “headquarters guidance” came as border agents were overwhelmed with near-record numbers of illegal crossings.
Read MoreBallot Battles, Impeachment Inquiry, Indictments Disrupt Election Cycle
The Republican primary’s Iowa caucuses are scheduled for January 15, the first chance for voters to determine who they want to represent their party in November’s presidential election.
Iowa’s January caucuses are a regular tradition for a presidential primary season that – this time around – has been unusually enshrouded in indictments, impeachment inquiries and lawsuits heading into election year.
Read MoreForeign Policy Problems Promise to Plague Biden Admin in 2024
The Biden administration faced several major problems on the international stage throughout 2023, some of which will bleed into the new year.
President Joe Biden and his administration have tried to manage major threats and circumvent obstacles from several foreign nations in 2023, including from those in East Asia, Eastern Europe, the Middle East and South America. Many international problems the Biden administration dealt with in 2023 have not been solved and have continued to metastasize going into 2024.
Read MoreU.S. Public Pensions Invest over $68 Billion in China
American public pension funds have invested tens of billions into Chinese companies over the last three years, according to a new study.
As reported by Axios, the study from the trade advocacy group Future Union shows that a total of $68 billion has been invested in various private Chinese entities in the last three years as of June 30th. There has been at least one public pension fund with investments in China in 42 different states.
Read MoreChina’s Funding of U.S. Climate Initiatives Mirrors the Russian Funding of Anti-Fracking Groups
A nonprofit with operations in Beijing reportedly funded a number of nonprofits in the United States fighting climate change and pushing for sustainable or “green” energy.
Tax filings obtained by Fox News showed funding from the Energy Foundation China, which is headquartered in San Francisco and has a majority of its operations in China. The group, which refers to itself in tax filings as “Energy Foundation China” contributed $3.8 million to initiatives to phase out coal use and expand the use of electric vehicles, according to Fox News.
Read MoreTikTok Data Reveals Content Favors CCP Goals, According to New Study
The popular video app TikTok seems to be promoting content to align with the Chinese Communist Party’s (CCP) goals, a Thursday study found.
Hashtag data showed that content sensitive to the CCP is far less popular on TikTok than on its rival, Instagram, accordingto the study by Network Contagion Research Institute and Rutgers University. A comparison between Instagram and TikTok showed that the number of posts about non-sensitive hashtags in the realm of politics and pop-culture was fairly similar based on how many users each platform has, but the number of posts on hashtags for topics sensitive to the CCP was substantially higher on Instagram than on TikTok.
Read MoreCCP-Tied Firm Slated to Build Massive Facility near Sensitive U.S. Military Sites
The Chinese parent of a firm slated to develop a manufacturing facility near several Midwest military bases has extensive ties to the Chinese Communist Party (CCP), according to a Daily Caller News Foundation investigation based on research conducted by The Heritage Foundation Oversight Project and Heritage Action.
Cnano Technology USA Inc. (Cnano USA) plans to invest in a 333,000-square-foot facility in Johnson County, Kansas, that will manufacture liquid conductive paste for electric vehicle batteries and other devices, according to an August announcement from the Kansas City Area Development Council, which partnered with the state and other parties to attract the firm to Kansas. Cnano USA’s $95 million facility will be built approximately 35 miles from Fort Leavenworth, and 70 miles from the “only operational base for the B-2,” Whiteman Air Force Base.
Read MoreBiden Looks to Tariffs to Bolster Struggling Electric Vehicle Market
The Biden administration is considering increasing tariffs on some Chinese products related to his green agenda, like electric vehicles (EV), in an effort to boost poor market demand and protect domestic industries, according to The Wall Street Journal.
Officials are considering setting higher rates on the already existing tariffs originally placed under the Trump administration, covering around $300 billion in Chinese goods, with Chinese EVs already having a 25% import tax, according to the WSJ. New tariffs could help domestic EV manufacturing, which has struggled with stagnant market demand, only rising from 3% in January to 4% in September of total vehicles sold in the U.S., while the share of EVs produced out of all vehicles has risen from 3% to 6% in that same time frame.
Read MoreForeigners Bought 3.4 Million Acres of U.S. Forest, Farm Land in 2022, Officials Say
Amid mounting concerns over foreign land purchases within the United States, a report from the United States Department of Agriculture’s (DAG) Farm Service Agency has highlighted the alarming pace at which external entities have been gobbling up American forest and farm land.
Read MoreHouse Homeland Security Chair Rep. Mark Green: ‘Absolutely’ Bringing Impeachment Articles Against Mayorkas
House Homeland Security Committee Chairman Mark Green, R-Tenn., says he is “absolutely” going to bring articles of impeachment against Homeland Secretary Alejandro Mayorkas for his response to the southern border crisis.
Read MoreBiden Admin Unveils New Green Subsidy Guidelines That Could Allow China to Cash In
The Biden administration released proposed rules for green manufacturing tax credits on Thursday, leaving the door open for Chinese firms to capture their value.
The proposed guidance, released by the Treasury Department, clarifies the eligibility requirements for Inflation Reduction Act (IRA) subsidies meant to incentivize domestic manufacturing of products like solar panels and electric vehicle (EV) parts, according to its text. The guidelines do not include restrictions on entities linked to adversarial foreign countries, and they would allow for China-tied companies to capture the value of tax credits if they establish operations in the U.S. that meet all other eligibility requirements.
Read MoreImpeachment Inquiry Zeroes in on Origin of Hunter Biden’s China Deals While Joe Biden Was VP
Congress has assembled a growing body of evidence that Hunter Biden’s dealings with a Chinese energy company that landed the family millions of dollars in 2017 actually began in 2015 and may have involved a meeting with his father before he left office as vice president, according to documents reviewed by Just the News.
The new evidence includes statements made to the FBI by a longtime Biden family friend who was involved in the deal with CEFC China Energy executives like its Chairman Ye Jianming, contemporaneous emails from Hunter Biden and testimony recently released from two IRS whistleblowers.
Read More