Because the U.S. did not fix antidumping calculation methods after it lost a case in 2017 regarding 25 Chinese products, China will soon be authorized to levy tariffs on about $3.58 billion in U.S. goods, the World Trade Organization announced Nov. 1. China will have to formally request the right to retaliate at the next Dispute Settlement Body meeting, scheduled for Nov. 22.
Exports to China
As the U.S. and China look to soon sign phase one of their trade agreement, the two sides are planning another trade call for Nov. 1, China’s Ministry of Commerce said Oct. 31, according to an unofficial translation. The scheduled call comes days after Chile announced it was canceling APEC, the trade summit where President Donald Trump and Chinese President Xi Jinping expected to sign the deal’s first phase (see 1910300037).
The government of Canada issued the following trade-related notices as of Oct. 30 (note that some may also be given separate headlines):
Four Republican members of the House Financial Services Committee praised the Treasury Department’s proposed regulations for the Foreign Investment Risk Review Modernization Act but also criticized several key areas, according to comments released Oct. 29. The comments were signed by Reps. Patrick McHenry, R-N.C., Andy Barr, R-Ky., French Hill, R-Ark., and Steve Stivers, R-Ohio.
Chile will no longer host APEC meeting, raising questions about the status of phase one of the U.S.-China trade agreement, which was expected to be signed during the November summit of the Asia-Pacific Economic Cooperation forum. The country will not be hosting the trade summit due to recent violent protests and social unrest, Chile's President Sebastian Pinera announced Oct. 30, according to Reuters. The summit was expected to feature a meeting between President Donald Trump and Chinese President Xi Jinping after Trump said the two sides were “ahead of schedule” on the agreement’s first phase (see 1910280026). China said the deal’s first phase was “basically completed.”
Export Compliance Daily is providing readers with some of the top stories for Oct. 21-25 in case they were missed.
The Commerce Department plans to release proposed export controls on emerging technologies within the “next few weeks” and an advance notice of proposed rulemaking on foundational technologies before the end of the year, a top Commerce official said. Matt Borman, the Commerce deputy assistant secretary for export administration, suggested Commerce has been eager to release both controls to ease concerns from U.S. trade groups and companies, which have warned the agency against overly broad, unilateral controls.
China plans to eliminate restrictions on some foreign investments and hopes to continue addressing the issue in future trade negotiations, Chinese officials said during an Oct. 29 press conference, according to an unofficial translation.
Macau, a special administrative region of China, will ease import restrictions on certain Japanese food products, Japan’s Ministry of Foreign Affairs said Oct. 28, according to an unofficial translation. The move will lift restrictions from certain vegetables, fruits and dairy products, Japan said.
President Donald Trump said the U.S. is “ahead of schedule” in signing the first phase of a U.S.-China trade deal.