Simon Lester
Key U.S. Senator Presses Biden Administration on EV Tax Credits To Prevent Benefits for Chinese Companies
Senator Joe Manchin (D-WV), a key architect of the Inflation Reduction Act's provisions on tax credits for electric vehicle purchases, has expressed concern to the Biden administration that Chinese companies may try to benefit from the law.
China Continues Call for WTO Discussions of Carbon Border Adjustments
China has submitted a communication to the WTO on "policy issues for dedicated multilateral discussions on border carbon adjustment," in which it raises a wide range of questions about these measures that it believes should be discussed by WTO Members, putting out a challenge to WTO Members such
China Not a Currency Manipulator, Remains on Monitoring List, Says U.S. Treasury Report
Last week, the U.S. Treasury Department issued its biannual report to Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States." China was not found to be a currency manipulator, but was kept on a "monitoring list."
Biden Weighs In on Chinese EVs
In recent weeks, there has been pressure to limit potential Chinese EV imports to the U.S., with President Biden himself now seeming to join the chorus of voices worrying about competition with Chinese EVs.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* The sixth China International Import Expo
* Changes to trade secret law
* Expiry review of anti-dumping duties on chemical compounds
* Updates on CPTPP and DEPA accession
In the U.S.:
* Congressional calls for tariffs on Chinese EVs
* Legislation introduced to
Members of Congress Press U.S. Trade Rep. on Chinese EV Imports
Although U.S. imports of Chinese electric vehicles (EVs) are practically non-existent right now, several members of Congress who focus on China issues are pushing the Biden administration to take action that they believe would help keep these EVs out of the market in the future. Their proposed method
Canadian Parliament Considers Investment Review Legislation Amendments
As the Canadian Parliament debates an amended version of its investment screening legislation, concerns about Chinese investment have been prominent, especially from the Conservative opposition.