At a think tank event this week, two Biden administration officials offered views on AI competition with China and export controls being used in conjunction with this.

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.

In a speech to the Economic Club of New York last week, Treasury Secretary Janet Yellen reiterated that she is not in favor "decoupling" from China, but that China's high savings and overcapacity are a problem for the Biden administration.

At the G7 meetings held in Italy over the past few days, issues related to China were one of the key topics, with the trade language reiterating points made in the past, including the impact of Chinese policies on U.S. investments in strategic sectors.

U.S. Trade Representative Katherine Tai commented on China-U.S. trade relations yesterday, emphasizing the importance of international rules on labor standards, environmental protections, and anti-monopoly provisions.

In remarks on "The Importance and Strength of the Transatlantic Alliance," given in Frankfurt, Germany today, U.S. Treasury Secretary Janet Yellen called on EU leaders to find a "united way" forward with the U.S. on a response to threats from Chinese industrial policy.

The interagency Forced Labor Enforcement Task Force (FLETF) – which is chaired by the U.S. Department of Homeland Security (DHS) and also includes the Office of the U.S. Trade Representative and the U.S. Departments of Commerce, Justice, Labor, State, and the Treasury – has voted to add 26 companies