Simon Lester
CTM Weekly Newsletter
This past week, CTM covered the following issues:
China-U.S. tariff war:
* U.S.-China trade truce
* China temporary suspensions of sanctions
* Uncertainties about other Chinese non-tariff measures
* Adjustment of U.S. de minimis tariff exemption
In China:
* China turning toward South America for agricultural purchases
* China tightens enforcement of
EU Preliminarily Finds TikTok Violates Digital Services Act
The European Commission announced a preliminary finding that TikTok "does not fulfil the Digital Services Act (DSA)'s obligation to publish an advertisement repository."
WTO Committee Meeting Discusses Reciprocal Tariffs, Other Trade Barriers
At the WTO's Committee on Market Access meeting held on May 13-14, there were discussions of the recent U.S. tariffs, as well as allegations about Chinese restrictions on imports of coffee beans and macadamia nuts.
Canada, China Move Forward with WTO Complaints Against Each Other
This week, Canada and China both filed requests for WTO panels in complaints against each other, setting the stage for the WTO's Dispute Settlement Body to establish panels to hear the complaints.
China - Russia Meeting Yields Investment Pact, Deeper Economic Ties
Chinese President Xi Jinping's recent visit to Russia has resulted in the signing of multiple documents aimed at strengthening bilateral cooperation, particularly in investment and trade. The visit underscores the deepening economic partnership between Beijing and Moscow against a backdrop of global geopolitics.
De Miminis Exemption Rates Revised as Part of China-U.S. Deal
As part of the trade war with China, the Trump administration has raised tariffs on products that Chinese companies had been selling direct to consumers tariff-free through the "de minimis exemption." Through the deal reached earlier this week, those duties have been brought down a bit, but remain
China, U.S. Agree To Temporary Tariff, Trade War Truce
Surprising many people who were skeptical that the tariffs could come down so much in such a short time, China and the U.S. have reached an agreement to suspend most of the tariffs and other trade restrictions in effect between them arising from Trump's "reciprocal tariffs&