At the WTO Committee on Subsidies and Countervailing Measures meeting of October 28, 2024, for which the minutes were recently circulated, China raised concerns related to the EU's CVD investigation against Chinese electric vehicles (EVs) and Morocco brought up an EU investigation relating to "transnational subsidies"

At the WTO Committee on Subsidies and Countervailing Measures meeting of October 28, 2024, for which the minutes were recently circulated, issues related to the treatment of transnational subsidies and weak labor rights and other protections in new U.S. countervailing duty regulations were considered.

Yesterday, President Trump announced that he would impose tariffs of 25% on Mexican imports, 25% on Canadian imports for most products (10% on energy products), and 10% on Chinese imports, in an effort to force these countries to take action to stem the flow of fentanyl products to the U.

This past week, CTM covered the following issues: In China: * 2024 review of China's economic sanctions and export controls * New regulation governing data security  * Expiry review of anti-dumping measures against chemicals In the U.S.: * Hearing for Commerce Secretary nominee Howard Lutnick * Review of the Phase One Agreement

At a European Parliament Committee on International Trade meeting yesterday, Members of Parliament discussed the European Commission's recent conclusion of its first investigation under its International Procurement Instrument (IPI), which found "clear evidence of China limiting the access of EU medical devices producers to its government contracts

President Trump's nominee for Secretary of Commerce, Howard Lutnick, had a confirmation hearing in the Senate today, with China trade issues seeing only a limited discussion. Several Republican Senators raised issues related to tech and AI competition, with Lutnick offering a response that was tough, but light on

At the WTO Committee on Safeguards meeting of October 28, 2024, for which the minutes were recently circulated, China raised an issue related to the notification of Colombia's safeguard measure on wire rods and also criticized Indonesia's safeguards practices.