A WTO panel has been established to hear China's complaint against certain tax credits under the U.S. Inflation Reduction Act (IRA), including tax credits for electric vehicles (EVs).

Last week, China and Japan reached a deal to resolve their dispute over the discharge of Fukishima nuclear water, paving the road for China to eventually lift import bans on Japanese seafood.

At a parliamentary hearing last week, several Canadian MPs and a key witness emphasized the security threat that might arise from Chinese EVs operating in Canada.

This past week, CTM covered the following issues: * China suspends tariff exemptions on Taiwanese goods * Forum on China-Africa Cooperation conference * Conflict and negotiations over EU CVDs on Chinese EVs * Canadian Parliament discussion of Chinese EV tariffs * At WTO, China brings up Türkiye's tariffs on Chinese passenger vehicles and

China's commerce officials are in Europe this week, intensifying their efforts on negotiations to avoid EU tariffs on Chinese EVs.

In a letter to the Biden administration this week, a bipartisan group of U.S. Senators pressed the administration to prevent Chinese firms from making investments in Mexico so as to avoid tariffs imposed on imports from China.

Today, Beijing announced that it would suspend tariff exemptions on some Taiwanese goods. This is the most recent development in the cross-strait trade dispute over Taiwan's import bans.