Round 3 of U.S.-China Trade War under Trump 2.0: China's Retaliation
In retaliation for the U.S. “reciprocal” tariffs, China has continued its multi-pronged approach to dealing with U.S. unilateral trade measures, encompassing a WTO challenge, retaliatory tariffs, expanded sanction lists, export controls, antitrust review, and other measures. Unlike past instances, however, this time China announced “reciprocal” retaliatory tariffs, with
CTM Weekly Newsletter
This past week, CTM covered the following issues:
In China:
* Legal dispute involving the first application of China’s Anti-Foreign Sanctions Law
* Antitrust review of BlackRock-CK Hutchison deal
* China-Japan-South Korea Trilateral Economic and Trade Ministers' Meeting
* Services trade data
* Update on anti-dumping investigation on EU brandy
* New SPS actions
New Services Trade Data Released
China's Ministry of Commerce released its services trade data for January and February. Growth in travel and knowledge-based services drove overall expansion, with a narrowing trade deficit.
Trump Adds New China Tariffs as Part of Broad "Reciprocal" Plan, Ends De Minimis Exemption for Chinese Imports
Yesterday, the Trump administration initiated a broad trade war with the entire world, imposing a baseline 10% tariff on all countries, with a higher level on countries it deemed to have higher tariffs and non-tariff barriers. The additional tariff imposed on Chinse imports will be 34%. The administration also eliminated
New Chinese SPS Requirements for Food Imports in March 2025
In March 2025, China's General Administration of Customs (GACC) implemented a series of import suspensions and adjustments. Beyond the high-profile trade dispute with the United States, GACC actions also impacted nations across Africa, Europe, and Asia.
China Extends Brandy Probe, Offering Hope for EU Deal
Following high-level diplomatic visits and escalating trade tensions, China has extended its anti-dumping investigation on EU brandy, which will particularly impact the French industry.
WTO Meeting Discusses Canadian, U.S. Actions on Chinese Imports
At the WTO Council for Trade in Goods meeting of December 2-3, 2024, for which the meeting minutes were recently circulated, China raised concerns with recent trade restrictions imposed or considered by Canada and the U.S.