This past week, CTM covered the following issues. In China: * MOFCOM review of petition for trade barrier investigation on EU Foreign Subsidies Regulation investigations * Sanctions against Lockheed Martin * Consultations with EU on EV anti-subsidy investigation; deals signed with Malaysia, Germany In U.S.: * Biden administration views on restricting AI exports

At a think tank event this week, current and former trade officials from Mexico and New Zealand offered their views on China's possible accession to the CPTPP and Mexico's position on China trade in the upcoming USMCA review.

At a Congressional hearing yesterday, members of Congress discussed concerns with Chinese practices in the semiconductors, shipbuilding, and drone industries.

The spokesperson for China's Ministry of Commerce said today that the agency is now reviewing a domestic petition for a trade barrier investigation on the EU’s Foreign Subsidies Regulation (FSR) investigations.

Yesterday, China and Germany signed a Memorandum of Understanding (MOU) on Cross-Border Data Flow Cooperation, another step to mitigate regulatory obstacles on data transfer, which plays an critical role in the auto industry.

At a think tank event this week, two Biden administration officials offered views on AI competition with China and export controls being used in conjunction with this.

Last week, the governments of China and Malaysia vowed to bolster cooperation in trade and investment, including in car manufacturing, and signed 14 deals during an official visit by Chinese Premier Li Qiang.