In an interview last week on American broadcaster PBS (Public Broadcasting Service), U.S. Trade Representative Katherine Tai spoke with author and journalist Walter Isaacson about a number of trade issues, including her upcoming meeting with her Chinese counterpart and her reaction to restrictions imposed by certain U.S. states

Last week, China's market regulator published a notice stating that Tesla had filed a plan to recall over 1 million vehicles sold in China between 2019 and 2023.

The U.S. Public Company Accounting Oversight Board (PCAOB) published reports on inspections of two accounting firms that audited 40% of the total market share of U.S.-listed companies audited by Hong Kong and mainland firms. The reports noted "unacceptable rates" of deficiencies, as the audit firms

U.S. Senators John Thune (R-SD) and Angus King (I-ME) have introduced a resolution that calls for reform of the special and differential treatment rules at the WTO, so that China is not able to self-designate as a developing country.

Last week, the European Commission announced that it had adopted two Regulations "which together renew, adjust and extend the scope of the existing measures on imports of high tenacity yarn of polyester (HTYP) from China."

This past week, CTM covered the following issues. In China: * Responses to proposed EU sanctions * Criticism of USTR Section 301 report * April trade data * Semiconductor subsidies * Potential Chinese investment in Swedish battery factory In the U.S.: * New proposed investment restrictions on real estate * Congressional criticism of Chinese labor rights

After the news broke that the European Commission proposed to sanction multiple Chinese companies over their sales to Russia, several Chinese officials pushed back against this proposal at various events this week, and warned of taking "necessary measures" to protect Chinese firms.