Trump considers 10% tariff on China from Feb. 1
“In a press conference in Washington on Tuesday, Trump also vowed to hit the European Union with tariffs.”
[BBC]
China to investigate U.S. exports of legacy chips
“A MOFCOM spokesperson said domestic chip industries have reported concerns about the Biden administration offering substantial subsidies to the US chip sector, giving American companies an unfair competitive advantage.”
[Global Times]
EU, Mexico seal trade deal as Trump threatens tariffs
“The agreement, which will need to be ratified by both sides, aims to expand EU exports in areas such as financial services and telecommunications, strengthen the supply chain of critical raw materials and allow access to government contracts on an equal footing to domestic firms. It will also slash tariffs on agri-food products such as cheese, poultry, pork, pasta, apples and jams as well as chocolate and wine.”
[Bloomberg]
WTO, WCO sign agreement to boost cooperation on trade and customs matters
“In addition, the two organizations will share information in areas of common interest and cooperate on special challenges and data analytics with regards to the development of the Harmonized System (HS) tracker and tariff classification. They will also align work on the transposition of the HS, including through the prompt sharing of HS amendments by the WCO's HS Committee. In addition, they will collaborate and share information regarding projects and activities put in place to combat illicit trade, including as regards the enforcement of intellectual property rights.”
[WTO]
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