New Paper Looks at Economic Implications of U.S. Revoking China’s Permanent Normal Trade Relations Status
With a number of U.S. legislative proposals being offered in recent years to revoke China's Permanent Normal Trade Relations status, a group of economists has tried to evaluate the economic impact of such an action.
Canadian Parliament Trade Committee Starts Discussion of Tariffs on Chinese Products
A Canadian Parliamentary committee kicked off its discussions today on special surtaxes on Chinese EVs and other manufactured products, with broad support expressed for the measures imposed by the government so far.
China-EU Sparring Over EV Subsidies Continues
The ongoing trade conflict between the European Union (EU) and China over anti-subsidy tariffs on Chinese electric vehicles (EVs) continues, as both sides remain at odds over the potential solutions and the impasse may be difficult to break.
IMF Reports on Reasons for China-U.S. Trade Imbalance
Weighing in on the debate about trade imbalances, a group of IMF economists has released a report arguing that these imbalances are driven by macroeconomic forces rather than trade and industrial policies.
Biden Administration Cracks Down on De Minimis Exception
Last Friday, the Biden Administration said that it would be taking "new actions to enforce our laws and protect American consumers, workers, and businesses by addressing the significant increased abuse of the de minimis exemption, in particular China-founded e-commerce platforms, and strengthening efforts to target and block shipments that
CTM Weekly Newsletter
This past week, CTM covered the following issues:
* Chinese anti-dumping investigation on Canadian canola seeds
* China's WTO complaint on Canadian tariffs
* Beijing opens manufacturing sectors to foreign investment
* USTR Section 301 duties
* U.S. presidential debate
* U.S. Trade Rep. comments on China trade
* DJI legislation passes House
USTR Finalizes China Section 301 Tariffs after Review
The U.S. Trade Representative's Office (USTR) announced today the final set of tariffs on Chinese goods under its statutory review of the Section 301 tariffs imposed by the Trump administration, with slight tweaks to the tariffs it had announced in May.