This past week, CTM covered the following issues. In China: * CCP document after the third plenum * MOFCOM updates anti-dumping investigations on EU pork and US propionic acid * MOFCOM comments on EU anti-dumping duties on biodiesel, as well as trade and investment policy * MFA removes entity from sanction list * Chinese auto

At today's meeting of the WTO's Dispute Settlement Body (DSB), the U.S. blocked China's panel request on subsidies provided under the U.S. Inflation Reduction Act (IRA), but the establishment of a panel cannot be blocked the next time China requests it.

On July 23, the Committee on Foreign Investment in the United States (CFIUS), an interagency body that reviews certain transactions involving foreign investment in the United States to determine the effect on national security, released its annual report to Congress for 2024.

Nippon Steel's offer to buy U.S. Steel has generated controversy in the U.S., in part due to Nippon's connections with Chinese producer Baosteel. In the midst of a national security investigation of the U.S. Steel purchase, Nippon has now severed this China tie.

At two recent meetings of the WTO's Committee on Subsidies and Countervailing Measures, China raised a number of concerns with the countervailing duty investigations and practices of other WTO Members, as well as criticizing U.S. subsidies to the semiconductor industry; and several Members criticized China's

At a recent event in San Luis Potosí, Mexican Finance Minister Rogelio Ramírez de la O set out his vision for greater industrial production in Mexico and North America, in order to reduce dependence on China.

A recent meeting of the WTO's Committee on Subsidies and Countervailing Measures discussed the issue of overcapacity, with several WTO Members criticizing Chinese subsidies and their impact on capacity, and China offering responses.