The first tranche of Trump 2.0 tariffs dropped on 1 February. Under the International Emergency Economic Powers Act (IEEPA), citing the fentanyl emergency, 10 percent tariffs will be levied on all PRC goods. The Act grants the president broad authority over trade during a national emergency. Taking effect on 4 February at 12:01 AM EST, average tariffs on products from the PRC to the US will rise to some 30 percent.
The PRC industry landscape has, despite its famed ‘miracle’ growth, spent the last decade navigating persistent challenges—not only from geopolitical tension and dependency on foreign tech but also from internal meddling.
Positioning itself as a shaper of global standards, the PRC is setting its first nation-wide sustainability disclosure norms. After years of fragmented regulations, unified ESG (environmental, social, governance) standards will ideally yield high-quality institutional opening: better integrating into global markets and attracting more foreign investment.
In the PRC governance landscape, the ‘Party line’ is often parsed as the voice of the Party Centre, singularly and unequivocally speaking for the socialist nation’s masses. Yet, the leadership is rarely monolithic. Interest groups and ‘factions’ aside, thinktanks in governance and law play submerged roles, offering policy scenarios and proposals that impact central and local decision-making.