I have an Opening Statement i would like to submit for the record. Ill do so without objection. And make a few comments. Today, were having a hearing about the foreign sovereign immunities act, coronavirus and addressing chinas culpability. Generally speaking, we have a foreign sovereign immunities act basically shutting off lawsuits against other nations because whatever we do to them, they can do to us. We made exceptions to it. We have amended the act four years ago regarding terrorist activities. This is not an issue i take lightly. This is something i have thought a lot about. My colleagues have worked to put together legislation. They have reconciled the legislation. I think senator blackburn, hawley, and others, and what would it mean if we amend suits to china. And why would we take this unprecedented step . This is the third pandemic to come out of china. The coronavirus came from wuhan province. Whether it was a mistake in the lab or spread at a wet market, i dont know, but w
Certainly china is to blame and has to be held accountable. View, doesr point of the sovereign immunity act need to be amended at all to allow you to move forward . We are moving forward because we believe that is how we proceeded on our lawsuit which we filed in the United States Federal District court of mississippi. That onportant to note the foreign sovereign immunities act, the commercial activity section is an act based on commercial activity in china that has a direct effect on the United States and they may not be immune. A reference to the nature of the court of conduct and a particular transaction or act. China was engaged in commercial activity, including the production, purchasing, import and export of ppes. Even essentially nationalizing the manufacturing. We believe this exception is workable and that is why i am proceeding with our lawsuit. Now, certainly the amendments of the Foreign Policy immune act would be helpful. Providing additional exceptions provides us broader
Individual firms for u. S. Soybeans and pork imports according to Chinas Finance Ministry keep in mind china had impose tariffs in response to the tariffs launched by washington over allegations of chinas stealing and forcing the transfer of American Intellectual property now speaking of tariffs december 15th that is the deadline for phase one of the u. S. China trade talks to advance otherwise a new round of you have to us tariffs will kick in those tariffs will cover about 156000000000. 00 in chinese imports chinas move to issue these waivers on key Agricultural Products may be a signal to washington its commitment to get a deal done soon and certainly before the deadline. Germanys industrial sector is struggling facing the steepest decline since 2009 put in the euro zones largest economy fell by 5. 3 percent year over year for the month of october according to the federal Statistics Office Analysts Expect issues with the german industrial sector will affect the overall growth of the
And speaking of the auto sector its got a real shocker on our hands here tesla announced on friday that its chinese built model 3 cars will receive government subsidies teslas model 3 cars being built in its 2000000000 dollars factory in shanghai were on a list recommended for subsidies for new Energy Vehicles which included plug in hybrids battery only electrical vehicles and those powered by Hydrogen Fuel cells 2 variants of the tesla model 3 vehicles are on the list for the generous Subsidy Program so joining us now to discuss this is the car coach to lauren fix all the way from lancaster new york lauren thank you for being with us today. Thank you for having me tesla is aiming to make more than 1000 vehicles a week by the end of 2019 and ultimately push that number up to 48100 a week and a lot of this is about gaining access to the Chinese Market but its not incredible but it incredible how tesla continues to exist based upon government subsidies. So what you make of this governmen
A look at the markets around the world whos up whos down this week and why the u. S. China trade talks continue to impact so many economies its a packed show so lets get started. And we begin today with an actual concrete step in the u. S. China trade talks because every day both sides say that they are close but then nothing really happens friday something happened as china has agreed to waive tariffs on some u. S. Soybeans and pork as what they call a goodwill gesture those tariff waivers were reportedly based on applications by individual firms for u. S. Soybeans and pork imports according to Chinas Finance Ministry keep in mind china had impose tariffs in response to the tariffs launched by washington over allegations of chinas stealing and forcing the transfer of American Intellectual property now speaking of tariffs december 15th that is the deadline for phase one of the u. S. China trade talks to advance otherwise a new round of you have to u. S. Tariffs will kick in those tarif