This past week, CTM covered in detail the outcomes of President Trump's visit to China:

  • CTM offered some reflections on the trip here.
  • China's Ministry of Commerce (MOFCOM) detailed its view of a five-point consensus reached during the visit, and later provided additional details regarding its view of the agreements reached, especially on tariffs, purchases, and export controls.
  • The White House also issued a fact sheet documenting what it sees as the most important outcomes. 
  • In a TV interview, U.S. Trade Representative Jamieson Greer provided details on his perspective of several key elements of the outcomes.

In other news, China's imports from Australia and Brazil are rapidly approaching quota limits set under its trade safeguard measures, threatening to trigger steep tariffs for two of China's top agricultural suppliers.

China issued a notice officially characterizing the cross-border aspects of the European Union's investigation in its Foreign Subsidies Regulation (FSR) probe into Nuctech as an "unjust extraterritorial application of foreign law" and strictly prohibiting compliance with the European Commission's requests.

A new piece of legislation introduced in the U.S. Senate tries to address retaliatory responses from China that target U.S. agricultural exports.

The U.S. Justice Department indicted four Chinese container manufacturers and seven of their executives in what it called a global price-fixing and production-restriction scheme that inflated shipping container prices and affected U.S. commerce during and after the COVID-19 pandemic.

At a meeting of the WTO's Council for Trade in Goods, China raised concerns about tariff modifications being undertaken by the EU (and the UK), as well as two new pieces of legislation under consideration in the EU.

In reaction to recent moves by the EU and the UK to invoke the tariff schedule modification provisions in GATT Article XXVIII, China has requested technical discussions at the WTO on the proper use of this procedure.

At a meeting of the WTO's Dispute Settlement Body today, China's first request for a panel to hear its complaint against Indian measures in the solar and IT sectors was blocked.