MOFCOM Starts Trade Barrier Investigation against EU Subsidies Regulation
On July 10, China's Ministry of Commerce (MOFCOM) announced the launch of a trade barrier investigation against the European Union's Foreign Subsidies Regulation, which has recently been used several times against Chinese companies.
Biden Administration Takes Action Against Mexican Steel and Aluminum Imports, Chinese Inputs Targeted
This week, the Biden administration announced the imposition of tariffs on imported Mexican steel and aluminum, with the target mainly being Chinese inputs into these products.
China's Exports of Gallium and Germanium Remain Mostly Stable
Data published by the General Administration of Customs of China (GACC) indicates that the export controls on gallium and germanium put in place by Beijing last summer have not impacted overall exports significantly, although the impact varies among countries.
UFLPA Developments: New Sectors Added, DHS Chief Comments
This week, the Department of Homeland Security (DHS), as chair of the Forced Labor Enforcement Task Force (FLETF), released an updated Uyghur Forced Labor Prevention Act (UFLPA) strategy, and DHS Secretary Alejandro Mayorkas spoke at a think tank event on "New Frontiers in UFLPA Enforcement."
Biden Administration Official Talks Chinese Overcapacity
At a Council on Foreign Relations event today, Under Secretary of the Treasury for International Affairs Jay Shambaugh offered comments on "Chinese Overcapacity and the Global Economy."
UK Appeals Court Ruling Upholds Complaint about Government Failure To Take Action on Uyghur Rights
In late June, a British appeals court ruled in favor of a claim by human rights groups that the UK government was not taking appropriate action under specific UK statutes to address concerns about products made in Xinjiang with forced labor.
U.S. Treasury Expands Coverage of Foreign Investment in Real Estate Near Military Sites
Yesterday, the U.S. Department of the Treasury, which is the Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of Proposed Rulemaking that would "expand CFIUS’s jurisdiction over certain transactions by foreign persons involving real estate in the United States."