• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

China ‘ripping off’ American businesses – but the DOJ can fight them, GOP lawmaker says

by March 11, 2025
written by March 11, 2025

Rep. Ashley Hinson, R-Iowa, says it’s time to give the Department of Justice the tools it needs to tackle China’s trade crimes. The congresswoman’s Protecting American Industry and Labor from International Trade Crimes Act has bipartisan support as both Democrats and Republicans look to stop threats posed by China.

China-based companies have been accused of stealing American businesses’ intellectual property (IP) and flooding the market with cheaper versions of their products, which are often low quality. Chinese companies have also allegedly committed trade crimes through transnational shipping, which involves the shipping of products to another country to evade U.S. tariffs.

‘This is about protecting America’s bottom line, because the bottom line is China has been ripping off our businesses and our workers for decades,’ Rep. Hinson told Fox News Digital. ‘You know, we talk a lot about the tariffs and the penalties that exist for those who go around our laws, but we also have to back that up with enforcement of our laws.’

Hinson’s legislation would establish a DOJ task force focused on investigating and prosecuting trade-related crimes, creating a mechanism for enforcing U.S. law.

READ THE BILL BELOW. APP USERS: CLICK HERE

One of the companies that is grappling with the effects of Chinese IP theft is CQ Medical, which focuses on radiotherapy and healthcare innovations. A China-based company with U.S. headquarters in Ohio has allegedly been undercutting CQ Medical by offering lower-quality products at two-thirds of the price. According to a statement from CQ Medical, the China-based company is using ‘nearly identical’ product names, which has led to consumer confusion.

‘And this is stuff that really can help our hospitals to properly treat cancers with radiation therapy. So, when you are undercutting an American company that is doing the research and development they’re facing now, an unfair competitive advantage from a China-based company that is stealing that intellectual property,’ Hinson said to Fox News Digital.

Hinson says the problems facing CQ Medical are ‘at the heart of what we need to push back on’ when it comes to tackling China’s IP theft practices and trade crimes.

The Iowa congresswoman emphasized the need to ‘push back’ on ‘unfair and illicit trade practices’ to protect American companies and consumers. In the case of CQ Medical, the products produced by its Chinese competitor put patients at risk because of their low quality. They also put American workers at risk of not seeing job opportunities here at home.

‘You look at rural America and the impact that a company like CQ Medical has. They’re creating those jobs, and they’re bringing people to places like Iowa and Pennsylvania. And when you look at the footprint that they have, they want to grow and expand in places here at home,’ Hinson told Fox News Digital. 

Hinson explained to Fox News Digital that CQ Medical is the tip of the iceberg, and Chinese trade crimes are costing America’s economy ‘hundreds of billions if not trillions of dollars a year’ by offering products at extremely reduced prices.

The Protecting American Industry and Labor from International Trade Crimes Act passed the House in December 2024. However, the congresswoman is reintroducing it in the current congressional session in the hopes of it becoming law.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Who is Judge Amir Ali? The Biden-appointed federal judge at the center of Trump’s USAID battle
next post
Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

related articles

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

US diplomatic facility in Iraq struck by drone

March 13, 2026

171 million travelers face airport delays as Democrats’...

March 13, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

FDA launches new AI-powered system to track drug...

March 13, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 13, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 13, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 13, 2026

US destroys 16 Iranian mine boats as Strait...

March 13, 2026

House GOP urges Trump to choke off Iran...

March 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump convenes first ‘Board of Peace’ meeting as Gaza rebuild hinges on Hamas disarmament

    February 19, 2026
  • House GOP braces for government funding chaos as Republican rebels mutiny before vote

    September 18, 2024
  • 401k Rollover to an IRA in a Few Easy Steps

    August 21, 2024
  • Applied Digital stock jumps as revenue triples on surging AI data center demand

    January 8, 2026
  • Exiled Iranian prince tells Trump he can be ‘one of history’s great peacemakers’ amid talk of regime change

    June 30, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,196)
  • Stock (981)

Latest Posts

  • Vance blames Schumer’s fear of AOC primary challenge as shutdown cause

    October 1, 2025
  • Longtime Joe Biden aide to appear under subpoena after Jill’s ‘work husband’ pleads Fifth

    July 18, 2025
  • Supreme Court hands Ed Sheeran legal win in Marvin Gaye copyright fight

    June 16, 2025

Recent Posts

  • Trump’s trillion-dollar Saudi deal could reshape markets — if the money ever materializes

    November 20, 2025
  • Chinese EV makers NIO, Xpeng, Li Auto see shares slip up to 6% after BYD’s new partnership with DeepSeek

    February 12, 2025
  • Rubio tells House Dem ‘this is not a game show’ during heated hearing

    May 21, 2025

Editor’s Pick

  • Trump dropped Matt Gaetz after complaining about high political cost of defending him

    November 26, 2024
  • JPMorgan marks down software-linked private credit loans: report

    March 11, 2026
  • Trump unleashes US military power on cartels. Is a wider war looming?

    September 24, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock