In the News: Export Controls, Tariffs, China

U.S. business lobby urges Trump to end new curbs on exports to China

“The rule, implemented on September 29, adds to the Entity List firms that are at least 50% owned by an entity-listed parent company. Companies are added to the list for taking actions that harm U.S. foreign policy or national security and are barred from receiving U.S. technology.”

[Reuters]

Carney says now is not the time to hit back at U.S. over tariffs

“‘What will make the biggest difference … is where we end up … following the review of the Canada-U.S.-Mexico trade agreement, which is coming very shortly. So, the strategy has to take all of that into account and deliver the results,’ Carney said.”

[The Canadian Press]

China drops veteran trade envoy amid escalating U.S. tensions

“Li’s removal signals a reshuffle in China’s trade leadership at a sensitive moment in global commerce. As a key figure in four rounds of U.S.-China trade talks, Li helped navigate tariff disputes that saw both countries impose over 100% duties on each other’s goods.”

[Modern Diplomacy]

To hit back in trade war, China borrows from the U.S. playbook

“It was in 2018, when President Donald Trump launched a trade war with China, that Beijing felt the urgency to adopt a set of laws and policies that it could readily deploy when new trade conflicts arise. And it looked to Washington for ideas.”

[Associated Press]