China, U.S. Tensions Rise Over Export Controls
U.S. and Chinese trade officials have gone back and forth with criticisms in recent days, taking each other to task for actions after the Geneva agreement to roll back tariffs and trade restrictions and negotiate a broader trade deal.
CTM Weekly Newsletter
This past week, CTM covered the following issues:
In China:
* MOFCOM meeting on export controls and semiconductor supply chains
* Update on China-Africa trade and investment data
* BYD new investment in Europe
* China-ASEAN-GCC Summit
In the U.S.:
* Two court decisions on Trump administration’s IEEPA tariffs
* Court decisions in AD/
China Deepens Ties with ASEAN and GCC Amidst Trade Tensions
Facing persistent trade frictions with Western powers, China is intensifying its economic engagements with key partners across the globe. A summit this week involving leaders from ASEAN, the Gulf Cooperation Council (GCC), and China is the most recent example of such effort.
Second U.S. Court Ruling Strikes Down IEEPA Tariffs
One day after the U.S. Court of International Trade found all of the Trump administration's tariffs under the International Emergency Economic Powers Act (IEEPA) to be illegal, a second court issued a ruling that had the same effect but went even further in its reasoning, finding that
U.S. Court Strikes Down IEEPA Tariffs; Trump Administration Appeals
In two parallel cases brought by a group of small businesses and by several U.S. states, a three-judge panel of the U.S. Court of International Trade (CIT) ruled yesterday that all of the Trump administration's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are
China Meets with EU Firms in Semiconductor Supply Chains Amid Export Control Concerns
Yesterday, officials at the Chinese Ministry of Commerce (MOFCOM) held a roundtable discussion on semiconductor supply chains with European and Chinese companies and trade associations, emphasizing the importance of cooperation amidst China's new export control rules and indicating a potential relaxation of restrictions for EU-linked supply chains.
U.S. Court of International Trade Hears Three Solar Circumvention Cases
In opinions issued in recent weeks, the U.S. Court of International Trade sustained two Commerce Department determinations on circumvention of anti-dumping/countervailing duties on Chinese solar products, but remanded one to the Commerce Department for reconsideration.