This past week, CTM covered the following issues. In China: * Xi visit to Russia * MOFCOM press conference * Semiconductor import data * Certain meat imports suspended due to disease concerns * Anti-dumping expiry review on chemical products In the United States: * U.S. Trade Representative testifies before Congress * Legislation introduced to withdraw PNTR

At a Senate Finance Committee hearing today, U.S. Trade Representative Katherine Tai testified on President Biden's trade policy agenda, touching on a number of China trade issues.

At today's press conference, officials of China's Ministry of Commerce provided comments on a potential TikTok sale to a U.S. company, trade with the United States, China's trade negotiations, and two state visits with foreign leaders.

Earlier this week, Senator Josh Hawley (R-MO) introduced a bill to withdraw Permanent Normal Trade Relations (PNTR) from China, which would raise tariffs on Chinese imports. This bill is one of several that have been introduced recently on this issue, but at this moment none seems likely to be enacted

During Chinese President Xi's visit to Russia, the two sides discussed trade and economic cooperation. In a joint statement, they showcased their commitments to building stronger bilateral relations in trade, investment, finance, energy and innovation.

The European Parliament's Committee on International Trade (INTA) held a meeting on March 20 and 21, touching on issues related to EU-China relations, an EU-Taiwan trade agreement, and avoiding dependence on Chinese raw material processing.

China's imports of integrated circuits (ICs), semiconductors and equipment have been falling since the beginning of 2022, providing evidence that the U.S.-China tech war is having an impact on trade, and some degree of decoupling is happening.