U.S. Puts Chinese Firms on Blacklist

The video discusses the complexities of Chinese auditing practices and the regulatory environment, highlighting the Equitable Act aimed at ensuring transparency and compliance with US audit standards. It also covers the trade dispute between the US and China, focusing on the blacklisting of Chinese tech firms and the implications for business operations. Human rights concerns, particularly in the Uighur region, add another layer of complexity to the trade discussions. Despite these challenges, many companies have adapted their supply chains to minimize disruption.

What is the primary goal of Senator Rubio's Equitable Act?

• To ban all Chinese companies from U.S. exchanges

• To ensure Chinese companies meet U.S. auditing standards

• To promote Chinese investment in the U.S.

• To increase trade tariffs on Chinese goods

How does the U.S. Commerce entity list affect American companies?

• It bans them from trading with any foreign entity

• It imposes heavy fines on them for international trade

• It requires them to obtain licenses to trade with listed entities

• It allows them to trade freely with all entities

What additional concern is associated with the U.S. Commerce entity list?

• Intellectual property theft

• Environmental issues

• Human rights concerns

• Currency manipulation

How have most tech companies responded to the trade disputes?

• By reducing their product lines

• By halting all production

• By shifting their manufacturing and supply chains

• By increasing their workforce

What must financial institutions do when dealing with companies affected by trade regulations?

• Ignore the regulations

• Increase their marketing efforts

• Enhance their diligence and compliance checks

• Reduce their investment in technology