The U.S.-China Economic and Security Review Commission, established by Congress in 2000, issued its annual report today, along with recommendations for Congress related to trade and other issues.

At the Bloomberg New Economy Forum in Singapore, U.S. Trade Representative Katherine Tai spoke about various aspects of U.S. trade policy, including U.S.-China trade relations.

Recent statements by Australian and Chinese officials may indicate an effort on both sides to tone down the rhetoric and look for solutions to Australia-China trade tensions that have escalated in recent years, but whether a resolution can be found remains to be seen.

Last week, European Commissioner for Competition Margrethe Vestager raised the issue of compliance by EU Member States with rules on 5G networks that would restrict Chinese producers such as Huawei.

In its earnings call last Friday, the Chinese company Semiconductor Manufacturing International Corporation (SMIC) announced that newly introduced U.S. export controls would affect its upcoming earnings.

This past week, CTM covered the following issues. In China: * October trade data and trade talks with El Salvador * Lower tariffs for LDCs * An import approval for Uzbekistan In the United States: * Chinese company's comments on electric vehicle tax credits * Implementation of the Uyghur Forced Labor Prevention Act

In an announcement yesterday, the U.S. Department of Justice described a federal indictment against individual persons and a company accused of sending export-controlled defense-related technical data to China and unlawfully supplying the U.S. Department of Defense (DOD) with Chinese-origin rare earth magnets for aviation systems and military items.