Hundreds of China-made products will continue avoiding United States tariffs thanks to an extension announced by President Joe Biden’s Office of the U.S. Trade Representative (USTR) this week.
The Section 301 tariffs on billions of dollars’ worth of China-made products were first imposed by former President Trump after a decades-long free trade consensus in Washington, DC, that eliminated nearly four million American jobs from the U.S. economy from 2001 to 2018.
RELATED VIDEO — Commerce Sec’y: Made Progress with China Meeting, but It’s Harder to Do Business, Not Surprised Hacking Didn’t Let Up:
On Tuesday, Biden’s USTR Katherine Tai announced that her office will extend tariff exclusions for more than 350 China-made products and 77 COVID-19-related categories.
The tariff exclusions, a boon to China, have continuously been extended by Biden’s USTR since March 2022, as Breitbart News reported at the time.
The China-made products that will escape U.S. tariffs thanks to Biden include breast pumps, solar water heaters, garage door openers, X-ray tables, and thermostats, as well as food products from China such as crab meat, Dungeness crab, and Alaskan sole.
While Biden keeps such tariff exclusions for China, a growing bipartisan coalition of Republican and Democrat lawmakers is asking the administration to revoke U.S. free trade relations with China.
RELATED VIDEO — DeSantis: I Wouldn’t Welcome Xi for a Visit:
This month, the House Select Committee on the Chinese Communist Party (CCP) issued its report which recommends ending China’s permanent normal trade relations (PNTR) status that was first approved by Congress in 2001 and backed by then-President George W. Bush.
“We acknowledge that granting the PRC PNTR did not lead to the benefits expected for the United States nor did it lead to the structural reforms in the PRC that Congress expected,” the committee wrote in its findings.
A study from the Coalition for a Prosperous America (CPA), published in September, shows that ending U.S. free trade with China would create some two million American jobs and grow the nation’s economy by nearly two percent.
Another study from 2022 similarly found that imposing U.S. tariffs on all foreign imports would create a whopping ten million American jobs — three million of which would be high-paying manufacturing jobs, while 6.9 million would be jobs in supporting industries.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here .
In 2018 and 2020, Breitbart Senior Contributor and Government Accountability Institute President Peter Schweizer published Secret Empires and Profiles in Corruption . Each book hit #1 on the New York Times bestseller list and exposed how Hunter Biden and Joe Biden flew aboard Air Force Two in 2013 to China before Hunter’s firm inked a $1.5 billion deal with a subsidiary of the Chinese government’s Bank of China less than two weeks after the trip. Schweizer’s work also uncovered the Biden family’s other vast and lucrative foreign deals and cronyism. Breitbart Political Editor Emma-Jo Morris’ investigative work at the New York Post on the Hunter Biden “laptop from hell” also captured international headlines when she, along with Miranda Devine, revealed that Joe Biden was intimately involved in Hunter’s businesses, appearing to even have a 10 percent stake in a company the scion formed with officials at the highest levels of the Chinese Communist Party. PAM KEY
Follow Pam Key on Twitter @pamkeyNEN
Court Doc: Hunter Lived in California When Chinese Partners Wired Money to Joe Biden’s Delaware Address JIM WATSON/AFP via Getty Images
WENDELL HUSEBØ
27 Sep 2023 0
4:03
Hunter Biden did not reside with President Joe Biden in Delaware when his Chinese business partners wired money to Joe Biden’s address in 2019, court documents show.
Joe Biden’s address received two wires from BHR Partners associates linked to the CCP in July and August totaling $260,000, House Oversight Committee Chair James Comer (R-KY) revealed Tuesday.
The time frame detailed in Hunter Biden’s collapsed plea deal in July with now-special counsel David Weiss says Hunter Biden’s residence was in California when the Chinese partners sent money to Joe Biden’s address. Hunter Biden “remained in California and spent much of the Summer 2019 painting and developing plans for his memoir,” the plea deal states on page 9. In Hunter Biden’s memoir, “Beautiful Things,” the president’s son also noted that he lived in California at the time his Chinese partners wired the money to Delaware.
According to Hunter Biden’s text messages and emails, he shared a bank account with Joe Biden and paid some of his father’s expenses. Hunter Biden also listed Joe Biden’s Delaware house as the billing address for his personal credit card and Apple account in 2018 and 2019. In addition, Hunter Biden’s driver’s license issued in 2018 lists Joe Biden’s residence.
“This was a documented loan (not a distribution or pay-out) that was wired from a private individual to his new bank account which listed the address on his driver’s license, his parents’ address, because it was his only permanent address at the time,” Abbe Lowell, Hunter Biden’s lawyer, told CNN. “We expect more occasions where the Republican chairs twist the truth to mislead people to promote their fantasy political agenda.”
The wired money from Beijing, China, to Joe Biden’s address contradicts the president’s false claim that Hunter Biden never made money from China. Joe Biden also falsely claimed he never spoke to his son about business. Devon Archer, Hunter Biden’s best friend in business, told the Oversight Committee that Joe Biden spoke with a BHR Partners associate, Jonathan Li, on speakerphone to sell the “Biden brand.”
BHR Partners, the fund Hunter Biden co-founded via a joint venture with Archer and Li, maintains investments worth billions of dollars around the globe. Hunter Biden conveyed his stake to his current lawyer, Kevin Morris, Breitbart News exclusively reported in April. Archer conveyed his stake in BHR Partners to his wife in 2017.
“President Biden has lied to Americans again,” House Speaker Kevin McCarthy told reporters Tuesday evening. “We now have found today that when President Biden was running for the presidency, when he told the American people that, ‘My family has never received money from China,’ was wrong.”
White House spokesman Ian Sams pushed back on McCarthy’s comment by telling CNN that money wired to Joe Biden’s address is a part of a conspiracy theory, CNN reported:
Extreme House Republicans are pushing out half-baked innuendo and conspiracy theories that yet again show no evidence of wrongdoing by President Biden, just more discredited personal attacks on him and his family, in a sad effort to distract from their chaotic inability to govern that is leading us to the brink of a dangerous government shutdown.
Despite the White House’s repeated disinformation , Tuesday’s revelation emerged from the committee’s recent subpoena of financial records related to a specific bank account that received two wires from China linked to BHR Partners associates. “Joe Biden’s abuse of public office for his family’s financial gain threatens our national security. What did the Bidens do with this money from Beijing?” Comer asked.
Follow Wendell Husebø on Twitter @WendellHusebø. He is the author of Politics of Slave Morality .
Biden Whistleblower Emails: Chinese Energy Company Gave $5 Million Non-Secured, Forgivable Loan to Biden ‘Family’
MATTHEW BOYLE
A 2017 email from a top official with a Chinese energy firm, provided by a whistleblower to U.S. Senate investigators, demonstrates the terms of an agreement included officials with the firm giving a $5 million non-secured, forgivable loan to the Biden “family.”
The email, sent to SinoHawk Holdings CEO Tony Bobulinski, shows how a top official with CEFC Energy — a now bankrupt and defunct energy company based in China — offered to wire $10 million into an account to begin operations, $5 million worth of which would be a non-secured forgivable loan to the “BD Family,” which means the Biden family.
Breitbart News senior contributor Peter Schweizer spent four and a half hours with Bobulinski before he went public, and discussed these communications in particular regarding this loan during that meeting. According to Schweizer, the Chinese energy company officials were going to put $10 million into an account, $5 million of which was designated as a non-secured forgivable loan to the Biden family. Schweizer said this would constitute significant leverage the Chinese energy company officials would have over the Biden family.
“In a way, this would give CEFC greater leverage over the Biden family than simply giving them a gift or bribe because if they were dissatisfied with what the Bidens were doing they could ask for their money back,” Schweizer told Breitbart News when asked about the arrangement upon the public release of Bobulinski’s emails.
The email also says that $5 million loan is “interest free” and asks how that $5 million would be used, and if used up, whether CEFC should lend more money to the Biden family.
This email further fleshes out details surrounding the controversial arrangement first uncovered by U.S. Senate investigators in a recent Homeland Security Committee report, and later further uncovered by a bombshell New York Post story on emails retrieved from Hunter Biden’s laptop.
Bobulinski’s new emails add to the story by including terms of the financial arrangement behind the wire transfer that CEFC officials made into a firm aligned with the Bidens that then made significant payments to Hunter Biden’s own firm, a wire transfer and financial payments that were first exposed by Senate investigators. The New York Post’s Hunter Biden laptop emails added more information to this questionable arrangement by revealing emails that showed how Biden associates intended to divvy up the cash from the Chinese investors.
These new emails from Bobulinski add more to the picture by showing that the agreement was that this payment would serve as a non-secured forgivable loan, and that the CEFC side of the arrangement understood that the then-forthcoming payment — which Senate investigators confirmed was made just two weeks after these discussions —would serve as a loan to the Biden “family,” not just to Hunter Biden.
An e-mail to Hunter Biden's partner from a top Chinese official on July 26, 2017 shows the Chinese energy company CEFC proposed a $5 million "interest-free" loan to the Biden family "based on their trust on [Biden] family[.]"
"Should CEFC keep lending more to the family?" pic.twitter.com/MGFizPqOdm
— Sean Davis (@seanmdav) October 22, 2020
This email is part of a broader trove of documents that Bobulinski provided to U.S. Senate investigators with the Homeland Security and Finance Committees, and also to media outlets including Breitbart News. Other media outlets are reporting on the emails as well.
According to the Senate Homeland Security Committee’s recent report, $5 million was wired directly into the account in question two weeks later — and then Hunter Biden’s firm spent the next year wiring $4.8 million from there into his own firm’s account:
Less than two weeks later, on August 8, 2017, $5 million was wired from a CEFC-affiliated investment vehicle to a Delaware LLC, which spent the next year transfering nearly $4.8 million directly to Hunter Biden's firm, according to Senate investigators. https://t.co/Byyo3FNp3T pic.twitter.com/8XHHVTuFml
— Sean Davis (@seanmdav) October 22, 2020
CEFC was a controversial energy company, as Breitbart News has reported. “The owner of CEFC, Ye Jianming, was among the most ambitious of Chinese tycoons before his business empire collapsed and he vanished into the Communist nation’s shadowy prison system,” Breitbart News’ John Hayward wrote earlier this week. “Ye was once portrayed as one of China’s greatest rags-to-riches stories, a humble park ranger who began making successful oil investments in his twenties and became a billionaire before he hit 40. He was marketed as an affable businessman foreigners could feel safe making deals with, well-connected but not an obvious tool of the Chinese Communist Party (CCP).”
CEFC is at the center of the burgeoning Biden scandal. When Bobulinski went public on Wednesday night, he was the first source on one of the emails that the New York Post published from Hunter Biden’s laptop retrieved from a computer repair store in Delaware. One such story that the Post published was about Hunter Biden and the Biden family seeking a deal with CEFC, and in those original emails James Gilliar of J2cR emails Bobulinski about “remunerations packages” related to the CEFC deal.
“I am the recipient of the email published seven days ago by the New York Post which showed a copy to Hunter Biden and Rob Walker. That email is genuine,” Bobulinski said in his statement issued publicly.
Bobulinski had been, sources familiar with the matter told Breitbart News, cooperating with the Wall Street Journal for an investigation it is working on. But since the Journal has not published its story several days later after its staff had indicated it would, Bobulinski decided to go public on his own on Wednesday night — and made clear he is cooperating with Senate investigators.
In the original email, published by the New York Post, from Hunter Biden’s laptop, Gilliar references a breakdown of how money acquired would be distributed throughout the firm of which Bobulinski was CEO. The email says at one point that “10 held by H for the big guy.”
In his nearly 700-word statement, Bobulinski confirmed the authenticity of that email and further explained its meeting including that “the big guy” was a reference to former Vice President Joe Biden, the 2020 Democrat presidential nominee, himself.
“What I am outlining is fact. I know it is fact because I lived it. I am the CEO of Sinohawk Holdings which was a partnership between the Chinese operating through CEFC/Chairman Ye and the Biden family,” Bobulinski said. “I was brought into the company to be the CEO by James Gilliar and Hunter Biden. The reference to ‘the big guy’ in the much publicized May 13, 2017 email is in fact a reference to Joe Biden. The other ‘JB’ referenced in that email is Jim Biden, Joe’s brother. Hunter Biden called his dad ‘the Big Guy’ or ‘my Chairman,’ and frequently referenced asking him for his sign-off or advice on various potential deals that we were discussing. I’ve seen Vice President Biden saying he never talked to Hunter about his business. I’ve seen firsthand that that’s not true, because it wasn’t just Hunter’s business, they said they were putting the Biden family name and its legacy on the line.”
No comments:
Post a Comment