At a press conference on Monday, several reporters pressed U.S. Treasury Secretary Janet Yellen on the Biden administration's strategy for addressing Chinese industrial overcapacity, in light of her comments about the issue during her visit to China.

Last week, Chinese MOFCOM officials led by vice minister Wang Shouwen visited the United States for the first vice-ministerial meeting of the bilateral Commercial Issues Working Group, a communication mechanism created last year.

China's Minister of Commerce Wang Wentao began a visit to Europe last weekend, focusing on the electric vehicle (EV) industry. During recent meetings, he told Chinese auto makers that his government still supports them in protecting their rights and interests, and encouraged more collaboration between the Chinese companies

Over the past few days, U.S. Treasury Secretary Janet Yellen has been in China, and during her trip she has raised a number of trade issues with her Chinese counterparts, with a focus on overcapacity and its impact on foreign markets.

The U.S. Trade Representative's Office has released summaries of its negotiating proposals for the second stage of the U.S.-Taiwan 21st Century Trade Initiative Negotiations.

This past week, CTM covered the following issues. In China: * Public procurement phase out of foreign products and software * January-February data on services trade * China’s expiry review of trade remedy measures on paper products * SPS announcements In the U.S.: * USTR report on foreign trade barriers * Proposed legislation restricting

The U.S. Court of Appeals for the D.C. Circuit ruled this week that the Federal Communications Commission (FCC) acted properly when it banned video equipment from Chinese companies Hikvision and Dahua from being sold in the U.S.