The European Commission and Beijing are still searching for a way to avoid upcoming EU countervailing duties on Chinese electric vehicles, the commission said, even after EU member states voted to approve the measures earlier this month (see 2410040013).
While the Biden and Trump administrations both frequently imposed financial sanctions and export controls on China, the Biden administration has made greater use of two key tools: the Treasury Department’s Specially Designated Nationals and Blocked Persons List and the Commerce Department’s Entity List. That's according to a new report by the Center for a New American Security (CNAS).
With the United States and the EU both preparing to increase their scrutiny of outbound investment, the two parties should closely coordinate their efforts to achieve the best possible outcome, a Germany-based researcher said Oct. 22.
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Both a potential Kamala Harris and a potential Donald Trump administration are likely to continue the U.S. government’s increasing focus on sanctions and export control enforcement, even if their approaches to specific trade measures may differ, such as tariffs against China or sanctions against Russia, said Adam Smith, a Gibson Dunn lawyer.
Republican presidential candidate Donald Trump is likely to react “more negatively and more directly” than his Democratic rival, Vice President Kamala Harris, to the EU’s plan to start taxing carbon-intensive imports, a former U.S. trade official said Oct. 17.
China this week renewed antidumping duties on imports of hydroiodic acid from the U.S. and Japan for five years after finding that lifting the tariffs could “damage” China's domestic industry, according to an unofficial translation of a Ministry of Commerce notice. The renewed AD measures, effective Oct. 16, include a 41.1% rate for Japanese companies and a 123.4% rate for American companies. China said the acid has various manufacturing uses, including for integrated circuits.
The U.S. will probably increase its use of sanctions and export controls no matter who wins the upcoming presidential election, although a Donald Trump-led administration would be more likely to pursue drastic measures that could accelerate U.S.-China decoupling, said Martin Chorzempa, a senior fellow with the Peterson Institute for International Economics. Those measures include expanding the use of the Bureau of Industry and Security’s foreign direct product rule or placing blocking sanctions on major Chinese companies such as Huawei.
China opened a dispute at the World Trade Organization Oct. 11 against Turkey's 40% import duties on Chinese electric vehicles, the WTO announced. The complaint said the rate is greater than the duty rate laid out in Turkey's schedule of concessions and higher than duties on EV imports from other nations.
U.S. semiconductor export controls on China lack a clear “endgame,” said Michael Mazarr, a senior political scientist with the RAND think tank. He said the controls are a “perfect example” of a U.S. policy approach that embraces “competition for its own sake and rushing down blind alleys without a clear sense of where policy will lead.”