Simon Lester
CFIUS Annual Report Offers Data on Reviews of Chinese Investment in U.S.
                Last week, 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.
            
        Treasury Secretary Bessent Comments on State of China-U.S. Trade
                In an interview yesterday, U.S. Treasury Secretary Scott Bessent weighed in on several key U.S.- China trade issues: rebalancing of the Chinese economy, a possible Xi-Trump meeting, rare earth export controls, fentanyl tariffs, and the idea of Chinese investment in the U.S. as a way to
            
        U.S., China Agree To Extend Tariff Pause
                Yesterday, China and the U.S. agreed to extend the pause in the tariff escalation that had resulted from the Trump administration's "reciprocal tariffs," with the result of the pause being that the existing tariff situation will remain in place until November 10 as negotiations continue.
            
        Reports Indicate Trump Administration Will Grant Chip Export Licenses on China Sales in Exchange for Cut of Revenue
                The Financial Times reported yesterday that the Trump administration has worked out a deal with Nvidia and AMD under which the semiconductor companies will be granted export licenses on chip sales to China, and in return the companies will give the U.S. government 15% of the revenue from these
            
        U.S. Submission in China-Turkiye EV WTO Dispute Provides Details of Key Legal Arguments
                In its third party submission in the WTO complaint brought by China against Türkiye's EV duties and related measures, the U.S. has cited China's "non-market industrial policy measures" and "excess capacity" in support of Türkiye's legal defenses.
            
        CTM Weekly Newsletter
                This past week, CTM covered the following issues:
 * China-U.S. Stockholm meeting
 * Antitrust decision on Synopsys-Ansys merger
 * MOFCOM comments on export controls
 * New development on CK Hutchison’s sale of its port business
 * Taliban termination of oil extraction contract with Chinese investors
 * Trump administration’s comments on China’s economy
            
        U.S. Continues Push for Chinese Economic Rebalancing
                For many years now, the U.S. government has complained about the Chinese economy being driven by exports of manufactured goods, rather than by domestic demand. The Trump administration is continuing this focus, although its language and approach diverge a bit from that of the Biden administration.