U.S. and China Announce "Substantial Progress" in Trade Talks, Establish New Consultation Mechanism
After two days of what they referred to as "candid, in-depth and constructive" negotiations, the Chinese and U.S. governments said they had reached what one Chinese media outlet described as an "important consensus," most notably agreeing to establish a new bilateral consultation mechanism.
Details are
Chinese Statement to WTO General Council Criticizes Unilateralism, Calls for Safeguarding WTO System
In a communication related to an upcoming General Council meeting, China has laid out its "Stability, Development and Reform" agenda for the WTO. The statement is clearly intended as a response to recent trade actions taken by the Trump administration, and could lead to a contentious discussion at
CTM Weekly Newsletter
This past week, CTM covered the following issues:
In China:
* CTM review of EV tariffs affecting Chinese exports
* Private Economy Promotion law
* Anti-dumping duties on chemicals from India
* New market access list
* Upcoming China-U.S. trade meeting in Switzerland
In the U.S.:
* Congressional hearing discusses restrictions on investment in
Congress Pushes Trump Administration on Restrictions on Outbound Investments in China
During a U.S. House Financial Services Committee hearing yesterday, at which Treasury Secretary Scott Bessent was testifying, Rep. Andy Barr (R-KY) raised the issue of legislation on Chinese outbound investment restrictions, and discussed with Bessent how Congress and the administration could work together on this.
China's New Anti-Dumping Duties on Indian Pesticide May Carry Broader Warnings
This week, China's Ministry of Commerce (MOFCOM) announced final anti-dumping duties ranging from 48.4% to 166.2% on chemicals from India. While addressing a specific set of alleged unfair trade practices, the case also highlights escalating trade tensions between the two Asian giants, with some state media
China's 2025 Negative List for Market Access
Beijing has taken another step in its ongoing efforts to liberalize market access with the release of its 2025 negative list. This updated list shrinks the number of restricted sectors and removes several previous requirements. However, it also introduces new scrutiny for emerging industries like drones and internet services. Meanwhile,
Chinese and U.S. Trade Officials To Meet in Switzerland
In the first sign of a possible de-escalation of the current trade war, top Chinese and U.S. trade officials have announced they will meet in Switzerland in the coming days. Whether these initial talks can lead to a full-fledged negotiation to scale back tariffs and other trade restrictions remains