China's Ministry of Commerce said last Thursday that it would initiate an expiry review of anti-dumping measures on imports of toluidine from the EU.

In a coordinated effort to intensify pressure on Russia for its ongoing war against Ukraine, more Chinese companies have now been subjected to sanctions, with the most recent ones imposed by the European Union and Japan. These measures are part of a broader G7 effort aimed at curtailing international support

Earlier this month, the U.S. Treasury Department issued its semiannual report to Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States." China was not found to be a currency manipulator, but was kept on a "monitoring list."

This past week, CTM covered the following issues. In China: * MOFCOM review of petition for trade barrier investigation on EU Foreign Subsidies Regulation investigations * Sanctions against Lockheed Martin * Consultations with EU on EV anti-subsidy investigation; deals signed with Malaysia, Germany In U.S.: * Biden administration views on restricting AI exports

At a think tank event this week, current and former trade officials from Mexico and New Zealand offered their views on China's possible accession to the CPTPP and Mexico's position on China trade in the upcoming USMCA review.

At a Congressional hearing yesterday, members of Congress discussed concerns with Chinese practices in the semiconductors, shipbuilding, and drone industries.

The spokesperson for China's Ministry of Commerce said today that the agency is now reviewing a domestic petition for a trade barrier investigation on the EU’s Foreign Subsidies Regulation (FSR) investigations.