China's Commerce Ministry Issues Report on U.S. WTO Compliance
China's Ministry of Commerce (MOFCOM) has issued its "2023 Report on WTO Compliance of the United States."
Biden Administration Moves Forward with Outbound Investment Restrictions Targeting China
Yesterday, the Biden administration announced the first steps towards executive branch action on restricting new U.S. investment in China in several sectors with a close connection to the development of military technology. Additional Congressional action in this area may follow soon.
EU Extends Anti-Dumping Duties on Tungsten Carbide, Raises Duties on Optical Fibre Cables from China
Today the European Commission announced two actions related to anti-dumping duties on Chinese imports.
U.S.-Taiwan Trade Legislation Takes Effect
Yesterday, President Biden signed into law H.R. 4004, the “United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act,” which "approves" the June 1, 2023 trade agreement between the United States and Taiwan, and establishes requirements for consulting with Congress on future trade agreements between the two.
U.S. Senate Bill Calls for Monitoring of Chinese Subsidies
Senators Maggie Hassan (D-NH) and Bill Cassidy (R-LA) recently introduced a bill designed "to help ensure that the U.S. government more quickly responds to China’s unfair trade practices."
China Lifts Tariffs on Australian Barley
On Friday, China's Ministry of Commerce (MOFCOM) announced that it was lifting the anti-dumping duties and countervailing duties it had been imposing on Australian barley, resolving a long-running trade dispute.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* Export controls on drones
* Government actions on bolstering the private economy and domestic operating systems
* Surveys on China's business environment
* Think tank paper on export controls on gallium and germanium
In the U.S.:
* Government officials' comments