Canada Launches Public Consultations on Response to Chinese EV Imports
The Canadian government announced today that on July 2, it would "launch a 30-day consultation on potential policy responses to protect Canada’s auto workers and its growing EV industry from unfair trade practices, and prevent trade diversion resulting from recent action taken by Canadian trading partners."
Biden Administration Issues Proposed Rule to Implement Executive Order Addressing U.S. Tech Investments in China
A proposed rule issued by the U.S. Treasury Department provides additional details on an Executive Order issued by President Biden last year relating to U.S. investment in China in several sectors with a close connection to the development of military technology.
China Imposes Additional Sanctions on Lockheed Martin
China's Ministry of Foreign Affairs announced sanctions against three entities affiliated with Lockheed Martin, and three of its executives, for arms sales to Taiwan.
China and EU To Start Talks on EV Investigation
China's trade ministry and the European Commission have agreed to start consultations on the EU anti-subsidy investigation of Chinese electric vehicles (EVs), after China criticized the EU's practices during the investigation and warned of a trade war.
TikTok Brief Elaborates on Constitutional Challenges to Divestment/Ban Statute
In a brief filed in U.S. court last week, TikTok, along with its parent company Bytedance, offered a detailed look at its legal arguments in its challenge to a U.S. statute that would requirement divestment of TikTok or ban it from the U.S. market.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* Anti-dumping investigation of EU pork initiated
* MOFCOM criticism of EU anti-subsidy investigation of Chinese EVs
In the U.S.:
* Additions to UFLPA Entity List, and sanctions on Chinese entities with Russia dealings
* Yellen remarks on China trade issues
* Congressional concerns
EU's EV Investigation Asked for "Unprecedented" Information, MOFCOM Says
China's Ministry of Commerce (MOFCOM) has criticized the European Commission for requesting an "unprecedented" amount of proprietary information during the anti-subsidy investigation of Chinese electric vehicles (EVs).