A Chinese worker carrying his belongings walks past an advertisement for a bank in Beijing June 21, 2004.
Image Source: 
REUTERS/Guang Niu GN/BY
Featured

Gary Clyde Hufbauer (PIIE)

If there is one economic issue that seems to unite Republicans and Democrats in Congress with the Trump administration, it is the fear that foreign investments could jeopardize American national security, especially when the partnerships involve China, Russia, and some other countries. To address these concerns, Senator John Cornyn (R-TX) has proposed legislation to enlarge the government’s mandate in these areas. However well-intentioned, the legislation as currently drafted would expand government bureaucracy, hamper the global competitiveness of US corporations, and subject the process to unwarranted political considerations.

Photo Credit: 
REUTERS/Guang Niu GN/BY