SMIC Reports "Adverse Impact" from U.S. Export Controls
In its earnings call last Friday, the Chinese company Semiconductor Manufacturing International Corporation (SMIC) announced that newly introduced U.S. export controls would affect its upcoming earnings.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* October trade data and trade talks with El Salvador
* Lower tariffs for LDCs
* An import approval for Uzbekistan
In the United States:
* Chinese company's comments on electric vehicle tax credits
* Implementation of the Uyghur Forced Labor Prevention Act
China and El Salvador Start Trade Talks
This week, China and El Salvador announced that they will start the negotiations for a trade agreement. This will be the fourth set of trade talks between a Latin American country and China that have begun this year, as China's trade with the region has been growing steadily.
U.S. and Taiwan Wrap Up First Round of 21st-Century Trade Talks
Government officials from the U.S. and Taiwan met this week to discuss the U.S.-Taiwan Initiative on 21st-Century Trade. The negotiation is still at the early stages, although a timeline set by Taiwanese officials earlier this year indicated that some agreements could be reached by the end
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
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
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.