China is protecting its companies from EU attacks. Could the United States?
China is taking measures to protect its companies from European Union regulations that it views as intrusive. The U.S. is facing a dilemma where American companies must navigate conflicting demands from both the EU and China. Former President Trump is advocating for an executive order to shield U.S. businesses from these foreign directives.
- ▪The EU's Corporate Sustainability Due Diligence Directive and Corporate Sustainability Reporting Directive are seen as attempts to regulate companies excessively.
- ▪China's Article 13 regulations prohibit foreign entities from conducting supply chain investigations within its borders.
- ▪American companies are caught between EU compliance requirements and Chinese legal restrictions, creating a challenging regulatory environment.
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As the European Union attempts to export its heavy-handed regulatory bureaucracy across the globe, Chinese President Xi Jinping told it no. These sweeping EU mandates, known as the Corporate Sustainability Due Diligence Directive and the Corporate Sustainability Reporting Directive, are blatant attempts by failed social engineers in Brussels to regulate companies into oblivion. President Donald Trump stood with our companies and drew a clear line in the sand by signaling his absolute position that Europe must repeal these directives before they harm global growth. Recommended Stories Penn says it is fighting antisemitism.
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