Industry Submission in USMCA Review Calls for Coordinated Action against China
The review of the United States-Mexico-Canada Agreement (USMCA) is getting underway, with all three countries gathering input from stakeholders. One key demand the governments are hearing from certain industry groups is that Chinese trade and investment should be further restricted.
U.S. Suspends Controversial 50% Ownership Export Rule
The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has announced a one-year suspension of its controversial "Affiliates Rule," which automatically subjected any entity at least 50% owned by a blacklisted company to the same export restrictions. Simultaneously, the agency removed one Chinese firm and
Canadian Preparation for USMCA Review Raises China Issues
The Canadian government is gathering stakeholder input on next year's USMCA review, and as part of that process there have been some detailed discussions about how China factors into the considerations.
China Suspends Ship Fees and Sanctions, Tightens Fentanyl Precursor Export Controls
As another follow-up on China's implementation of the recent agreement with the United States, China suspended port fees on American-owned/operated vessels and lifted sanctions against five U.S. subsidiaries of the Korean shipbuilder Hanwha. Simultaneously, Beijing announced a major new regulatory move, placing 13 additional fentanyl precursor
EU Opens Investigation of Chinese Railcar Company Subsidies
The EU has opened a new Foreign Subsidies Regulation (FSR) investigation involving a procurement bid in Portugal that includes a Chinese company. This type of investigation has already caused friction in the China-EU economic relationship.
Beijing Implements Trade Truce, Formally Suspends Rare Earth Export Controls and Lifts Bans on U.S. Agriculture
The Chinese government has formally implemented key commitments from its recent trade truce with the United States, issuing a series of official documents to de-escalate economic tensions. The measures include the suspension of export controls on some items, and the lifting of sanitary bans on some U.S. goods.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
China and the U.S. announced that they had reached an agreement resulting in the temporary suspension of specific tariffs and non-tariff measures. In a fact sheet, the Trump administration offered its perspective on what had been agreed to with China as