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China Steps Up Support for Companies Facing Carbon Border Taxes
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China Steps Up Support for Companies Facing Carbon Border Taxes

Exports from China are facing a new threat to their competitiveness: carbon border taxes. The EU’s carbon border adjustment mechanism, which took effect in January, requires the bloc’s importers to pay for the carbon emissions of the goods they purchase. Similar legislation is set to take effect next year in the United Kingdom, and Canada, Japan, Australia, and South Korea all have carbon import taxes in the legislative pipeline.

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Week in Review: Commerce Eyes Ban on Chinese Connected Vehicle Software, Tim Walz’s Stance on China, and Blinken Meets with Wang Yi during Indo-Pacific Tour
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Week in Review: Commerce Eyes Ban on Chinese Connected Vehicle Software, Tim Walz’s Stance on China, and Blinken Meets with Wang Yi during Indo-Pacific Tour

The Commerce Department reportedly plans to propose a ban on high-level Chinese software in autonomous and connected vehicles. The proposed rule, which is expected to be unveiled in the coming weeks, would bar Chinese software in US vehicles with Level 3 automation or higher, as well as ban vehicles with Chinese-developed advanced wireless communications abilities modules.

Washington Update USCBC Government Affairs
Week in Review: Commerce Issues Proposed Rules to Expand Export Controls, USTR Delays New China Tariffs, and Senate Committee Convenes on Global Competition with China
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Week in Review: Commerce Issues Proposed Rules to Expand Export Controls, USTR Delays New China Tariffs, and Senate Committee Convenes on Global Competition with China

The Commerce Department’s Bureau of Industry and Security (BIS) on Monday released two notices of proposed rulemaking on military and intelligence end uses and users and crime controls. The rules are the largest expansion of US export controls since the system was overhauled in 2018.

Washington Update USCBC Government Affairs
Week in Review: Harris Likely to Continue Biden’s China Policy, Select Committee Hones in on "Great Firewall," and Blinken Heads to Asia
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Week in Review: Harris Likely to Continue Biden’s China Policy, Select Committee Hones in on "Great Firewall," and Blinken Heads to Asia

The presumptive Democratic nominee for president, Vice President Kamala Harris, has yet to release a platform. When she does, her stance on trade with China is unlikely to diverge dramatically from that of the Biden administration.

Washington Update USCBC Government Affairs
Third Plenum Solidifies China’s Approach to Managing the Economy
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Third Plenum Solidifies China’s Approach to Managing the Economy

The 20th Central Committee of the Chinese Communist Party concluded its third plenum last Thursday in Beijing. Over the course of the meetings, senior party leaders deliberated a wide range of economic and social policy initiatives that will have lasting implications for companies operating in China.

China Market Intelligence Banny Wang, John Clark
Week in Review: Trump Announces China Hawk as VP Pick, House "China Week" Likely This Fall, and China Advances EV Dispute at WTO
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Week in Review: Trump Announces China Hawk as VP Pick, House "China Week" Likely This Fall, and China Advances EV Dispute at WTO

When it comes to China policy, former President Donald Trump’s newly tapped running mate is just as, if not more, hawkish than Trump himself, another sign that the Trump campaign is gearing up to restart its America First foreign policy.

Washington Update USCBC Government Affairs
Weak Q2 Performance Underscores China’s Enduring Consumption and Property Market Struggles
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Weak Q2 Performance Underscores China’s Enduring Consumption and Property Market Struggles

As members of the Chinese Communist Party’s Central Committee convened for the Third Plenum in Beijing this week, China’s National Bureau of Statistics (NBS) released economic data for the second quarter of 2024, which paints a picture of imbalanced growth.

Week in Review: House Speaker Confirms China Legislation Plans, Biden Administration Announces New Tariffs on Chinese Steel and Aluminum, and Yellen Defends Outbound Investment Approach
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Week in Review: House Speaker Confirms China Legislation Plans, Biden Administration Announces New Tariffs on Chinese Steel and Aluminum, and Yellen Defends Outbound Investment Approach

House Speaker Mike Johnson (R-LA) on Monday confirmed rumors that the House plans to vote on a series of highly-anticipated China legislation this fall. Speaking at the Hudson Institute, Johnson specifically mentioned bringing the BIOSECURE Act, the End China’s De Minimis Abuse Act, a provision on restricting US outbound investment to China, and a sanctions package targeting Chinese entities supporting Russia’s aggression in Ukraine to a floor vote.

Washington Update USCBC Government Affairs