At the meeting of the Committee on Subsidies and Countervailing Measures (SCM) earlier this week, China and other WTO members debated the issue of capacity/overcapacity, and the chair expressed concern with the level of compliance by WTO Members with their subsidy notification requirements.

The European Union's countervailing duties on Chinese electric vehicles have now been finalized, with the full reasoning of the European Commission available. In terms of the next legal steps, the Commission's determination can now be appealed to the EU courts and can be challenged at the

Yesterday, the Biden administration issued a Final Rule on outbound investment restrictions, targeted at China and focusing on certain key technologies.

The Chair and the Ranking Member of the U.S. House of Representatives Select Committee on the CCP are pushing the Commerce Department to investigate a semiconductor-related sector called silicon photonics.

In an interview last week, U.S. Trade Representative Katherine Tai pointed out that there has been an increase in the use of trade remedies against China by developing countries.

This past week, CTM covered the following issues: China: * New export control regulation * Update on countervailing investigation on EU dairy * Calls for security review on Intel  * Spat over U.S. sanctions on Chinese drone related exports * China’s 2024 WTO Trade Policy Review United States: * U.S. Trade Rep. Tai

In an interview yesterday, U.S. Trade Representative Katherine Tai addressed questions related to China building factories in Mexico for exporting to the United States, as well as the possibility of Brazil joining the BRI.