Over the course of the two-day meeting between Chinese Foreign Minister Wang Yi and U.S. National Security Adviser Jake Sullivan this week, discussions centered on mutual sanctions, but no consensus was reached, suggesting that the impasse may persist for some time.

The Chinese government accused Canada of protectionism and violating World Trade Organization rules through its announcement of tariff hikes on Chinese goods, and vowed that it "will take all necessary measures" in response.

As Chinese EV exports are facing the prospect of higher tariffs overseas, Beijing continues to solicit opinions on the potential for raising tariffs on cars with engines larger than 2.5 liters, with the most recent meeting last Friday.

Last week, during Chinese Premier Li Qiang's visit to Belarus, the two governments signed a number of deals on the BRI and trade, including one on services trade and investment.

On August 21, China's Ministry of Commerce announced that it started a countervailing (anti-subsidy) investigation on EU dairy products, the latest move that could further escalate trade tensions between China and the EU.

China's Ministry of Commerce recently announced its ruling on the expiry review of the anti-dumping measures on chlorobutyl rubber from the United States, the European Union, the United Kingdom and Singapore.

During the visit of Vietnam's new leader To Lam to Beijing this week, China and Vietnam signed 14 documents bolstering collaboration on railways, trade, and industrial development.