At a hearing of the U.S.-China Economic and Security Review Commission today, a panel on "U.S. Trade Strategy to Address China’s Nonmarket Practices" examined the issue of whether the U.S. should withdraw Permanent Normal Trade Relations (PNTR) for China and also discussed whether

On May 22, China's Ministry of Foreign Affairs (MFA) announced that it would sanction twelve U.S. defense companies, including several units of General Dynamics and Lockheed Martin, and ten high-level executives of sanctioned companies.

On May 20, China's Ministry of Commerce (MOFCOM) announced sanctions on three U.S. companies as it added them to the Unreliable Entity List.

In a speech yesterday, Lael Brainard, the Biden administration's National Economic Advisor, spoke at a think tank on the topic of "Responding to the Challenges of China’s Industrial Overcapacity."

During U.S. Secretary of State Antony Blinken's China trip last week, he and his Chinese counterpart exchanged views on overcapacity, a hot-topic issue in bilateral trade relations, as well as on "unfair" U.S. measures against China and China's "unfair trade practices.

At a press conference last week, the spokesperson for China's Ministry of Commerce rejected the concerns about overcapacity in the new energy sector. Instead, he stated, there is a "storage of capacity" to meet the growing demand.

In a recent CNN interview, U.S. Trade Representative Katherine Tai offered a number of comments on China trade issues, including overcapacity, the current Section 301 tariffs, and former President Trump's proposed tariffs on China.