Trading with the adversary; & What is to be done? @AlanTonelson @GordonGChang, Gatestone, Newsweek, The Hill:
Nov 18, 2021, 01:37 AM
Photo: China Trade: Portrait of the American Clipper Ship Bunker Hill Entering Hong Kong Harbour
The Trading with the Enemy Act (TWEA) of 1917 (40 Stat. 411, codified at 12 U.S.C. § 95 and 50 U.S.C. § 4301 et seq.) is a United States federal law, enacted on October 6, 1917, that gives the President of the United States the power to oversee or restrict any and all trade between the United States and its enemies in times of war. TWEA was amended in 1933 by the Emergency Banking Act to extend the president’s authority also in peace time, and later revised.
China was listed on two occasions. The Republic of China was first listed in 1941 to prevent invading Japan from using Chinese assets during WW2. China was delisted in 1946. After WW2 the People's Republic of China was sanctioned and listed in 1950 for aggression in the Korean War. After President Richard Nixon's "opening with China," sanctions were lifted in 1975.
The Trading with the Enemy Act (TWEA) of 1917 (40 Stat. 411, codified at 12 U.S.C. § 95 and 50 U.S.C. § 4301 et seq.) is a United States federal law, enacted on October 6, 1917, that gives the President of the United States the power to oversee or restrict any and all trade between the United States and its enemies in times of war. TWEA was amended in 1933 by the Emergency Banking Act to extend the president’s authority also in peace time, and later revised.
China was listed on two occasions. The Republic of China was first listed in 1941 to prevent invading Japan from using Chinese assets during WW2. China was delisted in 1946. After WW2 the People's Republic of China was sanctioned and listed in 1950 for aggression in the Korean War. After President Richard Nixon's "opening with China," sanctions were lifted in 1975.
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Trading with the adversary; & What is to be done?
@AlanTonelson
@GordonGChang, Gatestone, Newsweek, The Hill:
@GordonGChang, Gatestone, Newsweek, The Hill: