Asia

“The determination brings to a successful conclusion investigations that were self-initiated by Commerce in 2017, the first such action by the department in more than 25 years,” the Aluminum Association said.

“In the next 90 days we will work in accordance with the clear timetable and roadmap to negotiate in areas where both sides have an interest and there are mutual benefits, such as intellectual property rights protection, technology cooperation, market access, and the trade balance.”

The U.S. has “no assurances” that China will make changes the U.S. seeks, but the truce brokered at the G20 Saturday is still a big step forward, Larry Kudlow said Tuesday.

“We're pretty close to some agreements on the IP theft and we're pretty close to some agreements on the forced transfer of technology from American companies.”

Wang Xiaolong of the Chinese Foreign Affairs Ministry said China “made clear that we are opposed to including language” that would “undermine” developing countries at the WTO.

The U.S. technology industry is asking for more time to review a new export control process before delivering feedback to the Trump administration, which is aiming to expand the ambit of the Committee on Foreign Investment in the United States due to concerns about predatory foreign investments.

The Senate Foreign Relations Committee this week discussed how the U.S. should address controversial Chinese trade practices, and whether multilateral economic institutions were effectively working to ensure all countries were abiding by the same rules.

U.S. Trade Representative Robert Lighthizer will examine how to “equalize” the tariffs the U.S. and China apply to each other’s automobile exports, he said on Wednesday.

National Economic Council Director Larry Kudlow on Tuesday said he was hoping for a “breakthrough” in U.S.-China relations when President Trump and his Chinese counterpart, Xi Jinping, meet on Saturday, reiterating Trump’s warning that further tariffs -- which some say are legally dubious at best -- will be imposed if China does not come armed with satisfactory offers.