Former Rep. Mike Gallagher, R-Wis., said last week he remains confident that a new law requiring China’s ByteDance to divest popular social media application TikTok will survive any legal challenges.
Exports to China
Nearly a quarter of the 123 new entries the Bureau of Industry and Security will add to its Entity List this week are Chinese suppliers that the agency named in private red-flag letters to U.S. companies earlier this year.
China’s commerce ministry met with industry officials last week to discuss possibly raising import duties on large-engine cars, according to an unofficial translation of an Aug. 23 ministry notice. China said the meeting featured “representatives from relevant industry organizations, research institutions and automobile companies," where China listened to their "opinions and suggestions on increasing tariffs on large-displacement fuel vehicles." The China Chamber of Commerce to the EU said in May that Beijing was considering the tariffs, which could be imposed on exporters from the U.S. and the EU in response to increased duties recently announced by both governments on imports of Chinese electric vehicles (see 2405140008 and 2408200020).
China’s recently announced export restrictions on antimony (see 2408150022) are expected to cause supplies of the critical mineral to tighten and prices to rise sharply, the Center for Strategic and International Studies said Aug. 20.
The Census Bureau this week alerted export filers about a name change to a license code in the Automated Export System that reflects a new semiconductor-related export license exception introduced by the Bureau of Industry and Security earlier this year. The AES change revises the name of License Code C68 to “Advanced Computing Authorized (ACA) (NO notification required),” according to an Aug. 21 email from Census and a CBP CSMS message.
The Center for Strategic and International Studies think tank's "Trade Guys" podcast said that the EU's tariffs on Chinese-made electric vehicles (see 408200020) "is sort of a preview of coming attractions."
China this week launched an investigation on whether certain imported dairy products from the EU unfairly benefit from subsidies and should face additional duties, the country’s commerce ministry said, according to an unofficial translation. The probe will look into imports of certain fresh cheese, processed cheese and curd, including blue cheese and milk and cream with a fat content of more than 10%, China said.
China renewed its antidumping duties on imports of halogenated butyl rubber from the U.S., the EU, the U.K. and Singapore, the country’s commerce ministry announced Aug. 20, according to an unofficial translation. The duties, originally imposed in 2018, range from 23.1% to 75.5%. The rubber is mainly used in tubeless tires, heat-resistant inner tubes, medicinal bottle stoppers, shockproof pads, adhesives and sealing materials, Chinese state-run news agency Xinhua said.
Senate Foreign Relations Committee Chairman Ben Cardin, D-Md., who has been working for months to develop a major China bill (see 2402010067 and 2406130071), said Aug. 20 that parts of the legislation could end up in the FY 2025 National Defense Authorization Act (NDAA).
The European Commission is cutting planned countervailing duties on Tesla vehicles imported from China by more than 10% and slightly lowering CVD on other EVs made by Chinese companies, it announced in draft definitive findings released Aug. 20.