The ongoing trade conflict between the European Union (EU) and China over anti-subsidy tariffs on Chinese electric vehicles (EVs) continues, as both sides remain at odds over the potential solutions and the impasse may be difficult to break.

Weighing in on the debate about trade imbalances, a group of IMF economists has released a report arguing that these imbalances are driven by macroeconomic forces rather than trade and industrial policies.

Last Friday, the Biden Administration said that it would be taking "new actions to enforce our laws and protect American consumers, workers, and businesses by addressing the significant increased abuse of the de minimis exemption, in particular China-founded e-commerce platforms, and strengthening efforts to target and block

This past week, CTM covered the following issues: * Chinese anti-dumping investigation on Canadian canola seeds * China's WTO complaint on Canadian tariffs * Beijing opens manufacturing sectors to foreign investment * USTR Section 301 duties * U.S. presidential debate * U.S. Trade Rep. comments on China trade * DJI legislation passes

The U.S. Trade Representative's Office (USTR) announced today the final set of tariffs on Chinese goods under its statutory review of the Section 301 tariffs imposed by the Trump administration, with slight tweaks to the tariffs it had announced in May.

Last week, Beijing opened all manufacturing sectors to foreign investment, and started pilot programs to attract foreign investment in the medical sector. This came at a time when foreign investment continues to find challenges in the market.

Following up on a recent decision to impose special surtaxes on Chinese EVs, steel, and aluminum, Canada is now starting a public consultation on similar measures against Chinese products in various "critical manufacturing sectors."