In response to U.S. Treasury Secretary Janet Yellen's discussion of Chinese industrial overcapacity last week, Vice Finance Minister Liao Min pushed back against Yellen's comments in a press conference. His responses suggest that there is disagreement between the two sides on the scope and seriousness

This past week, CTM covered the following issues. In China: * U.S. Treasury Secretary Yellen’s trip to China * China’s new sanctions on two U.S. defense firms In the U.S.: * The first U.S..-China Commercial Issues Working Group meeting * Second phase of US -Taiwan trade talks

Yesterday, Senator Sherrod Brown (D-OH) called for the U.S. "to ban Chinese-made electric vehicles to protect Ohio autoworkers, and to combat the economic and national security threats posed by Chinese automakers."

Earlier this week, the European Commission issued a provisional determination in an anti-dumping investigation on certain alkyl phosphate esters from China, setting duty rates that range from 45.1% to 68.4%.

Today, the European Commission published an updated report on "significant state-induced distortions" in the Chinese economy, which provides a basis for replacing distorted Chinese prices and costs in a particular sector with prices and costs from a third country with undistorted market conditions, as part of an anti-dumping

At a press conference on Monday, several reporters pressed U.S. Treasury Secretary Janet Yellen on the Biden administration's strategy for addressing Chinese industrial overcapacity, in light of her comments about the issue during her visit to China.

Over the past few days, U.S. Treasury Secretary Janet Yellen has been in China, and during her trip she has raised a number of trade issues with her Chinese counterparts, with a focus on overcapacity and its impact on foreign markets.