U.S. Justice Department Makes Fraud Arrests for Selling Chinese Rare Earths to Defense Department, Exporting Data
In an announcement yesterday, the U.S. Department of Justice described a federal indictment against individual persons and a company accused of sending export-controlled defense-related technical data to China and unlawfully supplying the U.S. Department of Defense (DOD) with Chinese-origin rare earth magnets for aviation systems and military items.
Chinese Anti-Dumping Measures, Anti-Dumping Measures against China Discussed at WTO Meeting
At the WTO's Committee on Anti-Dumping Practices meeting on April 27, 2022, Japan raised concerns about Chinese anti-dumping measures on Japanese steel; and China raised concerns about U.S., EU, and UK anti-dumping measures against Chinese products and about general anti-dumping practices by these countries.
Canadian Foreign Minister Speaks about China Relationship, Risks of Doing Business There
In a speech at a Canadian foreign affairs school yesterday, Canada's foreign minister made a number of remarks about Canada's approach to dealing with China, and warned Canadian businesses about the risks of doing business there.
China Extends Preferential Tariffs to Ten More Countries
China's Customs Tariff Commission announced that it will grant zero tariffs on imports from 10 more Least Developed Countries (LDCs), covering 98% of items in the tariff schedule, effective on December 1.
After State Visit, Germany Rejects Chinese Investments in Two Chipmakers
Media reports indicate that the German government has blocked Chinese investments in two domestic semiconductor producers, based on concerns about national security, in particular the transfer of technological know-how.
Taiwan Announces Investments in Lithuania as New Trade Office Opens in Taiwan
Taiwanese officials gave a recent update on the progress of financial support and government efforts to bolster investment and trade with Lithuania, as the two sides pursue closer diplomatic ties. So far this year, bilateral trade between the two has mostly remained flat (with 1% growth) compared to last year.
BYD Raises Concerns with U.S. Electric Vehicle Tax Credit Conditions, Pushes for Flexible Interpretation
Under the U.S. Inflation Reduction Act (IRA) signed into law this year, tax credits are available for purchases of electric vehicles, but they are subject to various conditions related to the place of assembly of the product and the national origin of its components. Chinese electric vehicle producer BYD