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A draft Chinese law covering the management of rare earth elements could be a message to the Biden administration, analysts say, though some say it shows mainly that China is intent on addressing its own supply-chain issues.
The U.S. Commerce Department improperly calculated some antidumping and countervailing duties on Korean goods, a World Trade Organization dispute panel report determined on Thursday, handing the Biden administration its first WTO conundrum.
Trade Minister Truss says the country will apply to join “shortly.”
China on Wednesday announced sanctions on 28 outgoing and former Trump administration officials including former Secretary of State Mike Pompeo and former White House trade adviser Peter Navarro, both of whom were frequently criticized by Chinese officials for their adversarial approaches toward Beijing.
The new guidelines were developed in consultation with the State and Treasury departments.
The Office of the U.S. Trade Representative on Friday released the findings of its Section 301 investigation into Vietnam’s currency valuation, concluding that the country’s practices “are unreasonable and burden or restrict U.S. commerce” and actionable under the statute.
The final interim rule the Commerce Department issued on Thursday offers industry some clarity on the scope of technology products it will cover but still gives the Commerce secretary broad discretion to block imports of information and communications technology and services from “foreign adversaries.”
China is, however, living up to its phase-one agreements commitments, USTR said.
Hong Kong wants a dispute panel to determine whether the U.S. measure is in line with WTO rules.
President Trump has banned U.S. entities from investing in companies on the Pentagon list.
China’s Ministry of Commerce this week named a veteran trade hand to serve as its new chief international trade negotiator and published the full text of the Comprehensive and Progressive Agreement on Trans-Pacific Partnership as Beijing continues its political maneuvering just days before President-elect Biden takes office.
The new rules impact China’s Intelligence Bureau of the Joint Staff Department as well as intelligence agencies in Cuba, Iran, North Korea, Russia, Syria and Venezuela.
A high-level U.S.-China meeting is not likely to take place early in President-elect Joe Biden’s term, U.S.-China Business Council President Craig Allen argued on Thursday, pointing to the pandemic and the lack of a confirmed Cabinet as the major obstacles.
The Commerce Department on Thursday named China and five other countries “foreign adversaries” in its much-anticipated interim final rule on securing the information and communications technology and services supply chain.
The Office of the U.S. Trade Representative plans to release on Thursday a single report on separate Section 301 investigations into Vietnam’s currency and timber practices, a USTR official tells Inside U.S. Trade.
The Chinese government has responded to a litany of U.S. restrictions imposed by the Trump administration by releasing a blocking statute that will allow Chinese companies to seek civil damages from companies abiding by restrictions Beijing deems unfair.