EU Members Approve Penalties in Response to Chinese Medical Device Procurement Restrictions
Based on an investigation by the European Commission, EU member states have approved punitive measures, in the form of restrictions on access by Chinese medical device makers to the EU procurement market, in response to Chinese limits on procurement opportunities for EU medical device producers.
Blame Game Escalates: China Says U.S. Undermined Geneva Deal, Not Beijing
In the latest escalation of the war of words, Beijing is pushing back forcefully against U.S. accusations that it has failed to honor commitments made during the Geneva trade talks, instead leveling its own charges that Washington has violated the recent truce by imposing new export controls and other
Backed by Beijing, China's Auto Association Pushes to End Destructive Price War
China's auto association is sounding the alarm over a "cutthroat" price war that is eroding profitability and jeopardizing the industry's long-term health, after a new round of price reductions. The China Association of Automobile Manufacturers (CAAM) has publicly called for an end to unfair
China, U.S. Tensions Rise Over Export Controls
U.S. and Chinese trade officials have gone back and forth with criticisms in recent days, taking each other to task for actions after the Geneva agreement to roll back tariffs and trade restrictions and negotiate a broader trade deal.
CTM Weekly Newsletter
This past week, CTM covered the following issues:
In China:
* MOFCOM meeting on export controls and semiconductor supply chains
* Update on China-Africa trade and investment data
* BYD new investment in Europe
* China-ASEAN-GCC Summit
In the U.S.:
* Two court decisions on Trump administration’s IEEPA tariffs
* Court decisions in AD/
China Deepens Ties with ASEAN and GCC Amidst Trade Tensions
Facing persistent trade frictions with Western powers, China is intensifying its economic engagements with key partners across the globe. A summit this week involving leaders from ASEAN, the Gulf Cooperation Council (GCC), and China is the most recent example of such effort.
Second U.S. Court Ruling Strikes Down IEEPA Tariffs
One day after the U.S. Court of International Trade found all of the Trump administration's tariffs under the International Emergency Economic Powers Act (IEEPA) to be illegal, a second court issued a ruling that had the same effect but went even further in its reasoning, finding that