Last week, the U.S. Department of Treasury penalized two dozen Chinese entities for engaging in transactions with Iranian firms that fall under existing sanctions. Some of these transactions were indirectly tied to Russian attacks in Ukraine, according to the U.S. government.

Last week, the Office of the United States Trade Representative (USTR) submitted to Congress its Budget Justification for Fiscal Year 2024, with China trade issues playing an important role in the document.

This past week, CTM covered the following issues. In China: * New trade data * Two Sessions work reports * China-Belarus meeting and agreements In the U.S.: * U.S-Lithuania meeting discusses China issues * Export licensing data released and new sanctions on Chinese firms * Congressional action on Hikvision sanctions, Chinese IP protection, China&

The Dutch government said that it will introduce export control measures on some semiconductor manufacturing equipment before the summer, in part to "ensure that we maintain our technological leadership" and "reduce our strategic dependence on China." In response, China's Foreign Ministry said that "

A House of Representatives Subcommittee held a hearing yesterday on "Intellectual Property and Strategic Competition with China," with members of the Subcommittee and expert witnesses discussing a number of issues related to Chinese intellectual property protection, including the patent system and innovation in China.

Last week, the U.S. government sanctioned more than two dozen Chinese firms, including one major supplier of servers used in data centers. The reasons for the sanctions, and the level of the export restrictions, varied by company.

The two leaders of the House Foreign Affairs Committee have requested that President Biden make a determination about whether sanctions should be imposed on Hangzhou Hikvision Digital Technology Co., Ltd. (Hikvision) for its activities related to human rights abuses.