Last Friday, China passed its first Tariff Law, which contains language providing for retaliatory measures including tariffs against any violations of World Trade Organization rules and other bilateral and regional agreements.

A dispute between the Peruvian government and a Chinese company building a port in Peru has taken the first step towards an investment arbitration proceeding, although there is still time for the parties to work out their differences.

At the meeting of WTO's Committee on Market Access on October 16 and 17, 2023, for which the minutes of the meeting were recently circulated, WTO Members considered issues related to Chinese export controls on gallium and germanium, Türkiye's tariffs on electric vehicles, and the U.

A recent paper for the New York branch of the Federal Reserve, titled "Geopolitical Risk and Decoupling: Evidence from U.S. Export Controls," estimated the financial impact of U.S. export controls on the affected U.S. companies to be $857 million on average, with a total of

As Japan is reportedly tightening its grip on exports of advanced materials and equipment, China's Ministry of Commerce (MOFCOM) warned that Japan's actions could "seriously affect" normal bilateral trade.

Last week, news reports indicated that the European Commission had conducted searches of Chinese company Nuctech in relation to an investigation under the Foreign Subsidies Regulation, and European Commission Executive Vice President Margrethe Vestager spoke about the searches and this regulation in a competition policy speech.

During U.S. Secretary of State Antony Blinken's China trip last week, he and his Chinese counterpart exchanged views on overcapacity, a hot-topic issue in bilateral trade relations, as well as on "unfair" U.S. measures against China and China's "unfair trade practices.