This past week, CTM covered the following issues.
China’s new Provisions on the Protection of Trade Secrets, effective this month, mark a major overhaul of the administrative trade secret regime, by expanding protections to include algorithms, source code, and "failed" experimental data, and asserting new extraterritorial powers.
Recent reports reveal the impact on U.S. producers of trade friction with Beijing, showing an overall squeeze on U.S. firms. The fallout inflicted a $14.9 billion blow on U.S. farm exports, while leaving nearly three-quarters of U.S. firms grappling with tariff headwinds.
The U.S. Department of Defense released an update to the names of "Chinese military companies" operating directly or indirectly in the United States, pursuant to Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. The Department identified 188 entities, including major tech companies such as Baidu and Alibaba and auto makers such as BYD, that meet the statutory requirements for inclusion on the 1260H List.
U.S. lawmakers are intensifying pressure on the Trump administration to reimpose Section 301 port fees on Chinese vessels, warning that the current suspension compromises American security.
In a submission as part of the remedy phase of a U.S. safeguards investigation into imports of quartz surface products, the Chinese government argued for exclusion of Chinese products from any remedy.
The two Congressional leaders of the House Select Committee on China introduced legislation that would create tax credits to support American magnet production and a domestic magnet supply chain, with a goal of reducing dependence on China for these products.
The EU is moving forward with new rules on steel to protect the EU market from "global overcapacity," a move likely to exacerbate trade tensions with China.
Chinese wind turbine manufacturer Goldwind filed a legal challenge against an investigation conducted under the bloc's Foreign Subsidies Regulation (FSR), marking the latest dispute over the European Commission's authority to seek information from companies during these investigations.
EU Trade Commissioner Maroš Šefčovič discussed a number of aspects of EU-China trade tensions, which have become a bit more heated in recent weeks as the EU discusses a potential new instrument to address imbalances in its bilateral trade with China.
China’s Jingye Steel formally triggered international investment treaty proceedings against the UK government, demanding "timely, adequate, and effective compensation" following London's moves to strip the Chinese firm's ownership and fully nationalize British Steel.