At the WTO Committee on Anti-Dumping Practices meeting of October 30, 2024, for which the minutes were recently circulated, the EU and Japan raised concerns with various Chinese anti-dumping measures, and China criticized UK practices related to the Brexit transition.

The Office of the United States Trade Representative (USTR) announced on Friday that it would review the Economic and Trade Agreement Between the Government of the United States of America and the Government of the People’s Republic of China (PRC) (generally referred to as the "Phase One"

News reports indicate that the EU has restarted its WTO complaint against Chinese restrictions on Lithuanian trade, although the EU action may simply be a procedural move to prevent the panel process from lapsing.

This past week, CTM covered the following issues: In China: * Beijing’s response to potential TikTok deal and U.S. tariffs * Sanction status of U.S. Secretary of State Marco Rubio * Updates on China’s trade-in subsidy programs to boost domestic consumption  * New policy to open financial services * Potential expansion

At the World Economic Forum today, both President Trump and EU Trade Commissioner Maroš Šefčovič offered comments on some big picture questions surrounding trade relations with China, with Trump complaining about trade deficits and unfairness and Šefčovič also noting concerns with trade imbalances.

While President Trump's ability to impose tariffs through statutory authority delegated by Congress is the focus of attention right now, Congress is also considering tariff actions, with China a likely target through legislation to withdraw China’s Permanent Normal Trade Relations (PNTR) status.

A U.S. countervailing duty investigation on file folders from Cambodia is the latest trade remedy investigation to test out the new regulations allowing the Commerce Department to consider transnational subsidy programs as part of its assessment of foreign subsidies.