Last week, two Republican members of Congress introduced legislation that they say would "force non-profits, university endowments, public pension plans, and any other tax-exempt entity to divest from Chinese companies or lose their tax-exempt status."

At a meeting last week, the European Parliament discussed the EU-Taiwan trade and investment relationship, with Members expressing support for closer ties.

This past week, CTM covered the following issues. In China: * Tariff exclusions on U.S. products and food import approvals from ASEAN countries * High-level meetings with Mongolia on trade cooperation * MOFCOM comments on U.S. trade restrictions * Draft revision of competition rules * November data on manufacturing and services raising

In November, 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."

At a Congressional hearing on digital trade policy yesterday, several U.S. Senators and witnesses discussed issues related to China, including TikTok.

In a speech today, U.S. Commerce Secretary Gina Raimondo set out the Biden administration's thinking on "U.S. Competitiveness and the China Challenge," emphasizing many of the same general themes and specific issues that others in the administration have put forward in recent months.

A recent report by a U.S. think tank suggests expanding the use of Section 337 of the Tariff Act of 1930 -- which can be used to exclude imports of products from companies engaging in certain unfair trade practices -- to target Chinese economic policies and practices.