Today the European Commission announced two actions related to anti-dumping duties on Chinese imports.

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.

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."

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.

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

This week, the U.S. Department of Homeland Security (DHS) and the Office of the U.S. Trade Representative (USTR) both published announcements of updates related to the Uyghur Forced Labor Prevention Act (UFLPA).

Two recent business surveys show that over the first half of 2023, the majority of foreign companies are optimistic about the Chinese market. More companies reported revenue increases than companies reporting revenue losses, and among the latter, Americans firms experienced higher losses compared to other companies.