If you must do vaccine export checks, create massive amounts of new public information to solve the transparency problem. Set up a G20 reporting mechanism.
More downside to US unilateralism. Even to protect national security.
European semiconductor and equipment makers accuse US of using export controls on Huawei and SMIC to shut them out of the Chinese market, while exempting US companies.
Multilateralizing export controls is hard. But the failure to do so could end up undermining the underlying rationale - the protection of national security - and punish American companies' commercial interests in the long run.
As the election approaches, mounting evidence indicates the US-China deal is failing to live up to Trump’s $200 billion purchase pledge. No single reason explains why, but 15 products help tell the story.
YESTERDAY: USTR Lighthizer & China's Liu He met to discuss Trump's Phase One deal.
TODAY (NEW DATA RELEASE!!!): Through the first seven months of 2020, China’s purchases remained at less than 50% of the year-to-date targets set out in the agreement... 1/ piie.com/research/piie-…
CHINA'S PURCHASES OF FARM PRODUCTS:
Through July, China’s purchases of US agricultural products were only at 39% (US export statistics) or 46% (Chinese import statistics) of their 2020 year-to-date targets set out in the agreement...
[soybean GIF choices pretty lame. sorry] 2/
CHINA'S PURCHASES OF ENERGY PRODUCTS:
Through July, China’s purchases of US energy products were only at 24% (US export statistics) or 17% (Chinese import statistics) of their year-to-date targets set out in the agreement... 3/