The US Commerce Department’s Bureau of Industry and Security (BIS) added 33 Chinese entities to the Unverified List (UVL). Under the HFCAA, companies will be delisted if they fail to submit an audit for three years in a row, meaning that the above-listed companies will not be delisted until 2024. On March, 10, the US Securities and Exchange Commission (SEC), the securities regulator, published a provisional estrategia de trading list of issuers identified under the Holding Foreign Companies Accountable Act (HFCAA). With this action, the Commerce Department will have approximately 600 Chinese entities on the Entity List – more than 110 of which have been added since the start of the Biden Administration.

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The announcement also states that the visit follows the directive of President Joe Biden to deepen communication with China, a commitment he reached with Chinese President Xi Jinping during their last meeting at the sidelines of the G20 Summit in Bali, Indonesia in November 2022. The export restrictions, therefore, have the potential to significantly limit some producers’ access to these important materials and increase prices, as there are few alternative options. However, some analysts have suggested that the impact may be limited depending on the current stock of the materials available, and for how long the restrictions will be imposed. However, President Xi also noted that “China and the US are once again at a crossroads” and that “China is willing to discuss how the two countries can get along correctly with the US and promote the steady development of Chia-US relations”. Li is the highest-level Chinese official with whom Biden has met, and therefore the highest-level meeting between China and the US, since Biden’s meeting with President Xi Jinping on the sidelines of the 2022 G20 Summit in Indonesia last November.

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On December 3, 2024, China announced retaliatory export controls on gallium, germanium, and antimony to the US. Here, we present a fresh timeline that will track key developments affecting bilateral ties between the world’s two largest economies under the Biden administration. While the United States continues to pull back from certain regional conflicts, reflected by the Biden administration’s decision to halt American backing for Saudi Arabia’s intervention in Yemen and the expected withdrawal from Afghanistan, US troops continue to be stationed across the region.

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Customs and Border Protection will enforce a rebuttable presumption that goods produced by these 29 entities are made with forced labor and, therefore, prohibited from entering the United States unless proven otherwise. Since Biden’s election, political and business stakeholders have been paying close attention to the direction of the new White House administration’s policy toward China. With Canada’s Middle East Engagement Strategy expiring this year, it is time to examine and evaluate this massive investment in the Middle East region in the past five years.

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• He will also attend the 30th APEC Economic Leaders’ Informal Dialogue, which will take place on November 16.
• When prompted by the reporter, Jean-Pierre stated that “we’re having a constructive conversation in San Francisco” and “I think I just confirmed the meeting”.
• Besides this agreement, discussions during the two-day meeting were described by the PCOC as “professional, pragmatic, frank, and constructive,” covering a wide range of topics including macroeconomic and financial stability, international financial institutions, cross-border payments and data, and capital markets.

Following the US announcement on the tariff hikes, China warned the US that it will take “resolute measures to defend its rights and interests”, per a city index review statement from MOFCOM. China is currently the world’s top EV manufacturer, but Chinese companies’ market penetration in the US remains low compared to other regions. The two sides also discussed cooperation in reducing the flow of illicit synthetic drugs, the repatriation of undocumented migrants, and law enforcement, as well as steps to tackle the climate crisis. According to a readout from the US State Department, the two sides reaffirmed their intention to hold a Methane and Other Non-CO2 Greenhouse Gases Summit at COP 29, which will be held in November, along with the COP 29 hosts Azerbaijan.

• Meanwhile, key regional actors, including Qatar, Iraq, and Oman, have engaged in backchannel efforts to bring Iran and Saudi Arabia to the negotiating table.
• The US average trade-weighted tariff rate was 2.2% on January , while it is now estimated to be up to 17.8%.
• In a speech on Tuesday, May 10, President Joe Biden stated that he would consider removing tariffs on Chinese goods in an effort to reduce the price of goods in the US.
• The traditionally Russia-focused military alliance for the first time shifted its focus to China, asserting the need to respond to Beijing’s growing power.
• The progress in improving US-China dialogue on climate change signals that the two countries have found common ground for cooperation and is a significant reversal of previous trends.

The US state department has imposed sanctions on four additional Chinese officials on the Human Rights Day for their involvement in China’s policies in Xinjiang. Some newly added firms are affiliates of companies that are already on the Entity List, including Hikmicro, a subsidiary of Hikvision, which was on the list in 2019. The US Department of Commerce announced that it had added 34 Chinese entities and research institutes to the Entity List for their “support of China’s military modernization” or being “a part of a network used to supply or attempt to supply Iran with US-origin items”.

According to a notice published on the website of the Office of the US etfinance review- the forex brokerage of 2020 Trade Representative (USTR) on May 3, the US may lift tariffs on some Chinese goods on the four-year anniversary of the tariffs being instated. The notice puts in motion a standard legal requirement for the USTR to review tariff actions four years after they were instated. The four-year anniversary of two tariff actions, which took effect on July 6, 2018 and August 23, 2018 under Trump, will occur this summer. The notice called on representatives of domestic industries that benefit from trade tariffs on Chinese goods to submit requests for the continuation of the tariffs during two dockets open from May 7 to July 5 and July 6 to August 22, respectively. If a request is submitted to the USTR, it will commence a review of the tariff to assess whether it will be extended.

According to the board’s announcement, it had determined that it “was able to secure complete access to inspect and investigate audit firms”. A fact sheet released by the board reveals that these audit firms are KPMG Huazhen LLP, headquartered in mainland China, and PricewaterhouseCoopers (PwC), headquartered in Hong Kong. Due to the limited scope of companies affected – the parent company of Raytheon Missiles & Defense was reportedly not added to the list because it is an import aviation supplier to Chinese airlines – these sanctions have largely been viewed as symbolic rather than a significant escalation of sanctions. Meanwhile, when asked about this news in a regular press conference on March 3, Foreign Ministry Spokesperson Mao Ning said that “China strongly deplores and firmly rejects this” and that “We urge the US to … stop suppressing Chinese companies under false pretexts, and provide Chinese companies with open, just, and non-discriminatory treatment”. In response to its addition to the list, BGI said in a statement on its website that it was “puzzled” by the decision and that it “does not engage in unethical practices and does not provide gene technology for the surveillance of Uighurs”, as was alleged by the BIS. The companies that were added to the list include Baoding Giant Import and Export Co., Ltd., BGI Research, BGI Tech Solutions, Rayscience Optoelectronics Innovation Co, and the IT giant Inspur Group.

The panel will also discuss the role of other major powers, including China and Russia in shaping this new security environment in the region, and how the Biden administration will respond to these powers’ increasing regional presence. As the global power structure continues to shift, it is essential to analyze the future of the US regional presence under the Biden administration, explore the emerging global rivalry with Russia and China, and at last, investigate the implications of such competition for peace and security in the Middle East. At the same time, Middle Eastern diaspora communities have become financially successful and can help promote trade between North America and the region.

Regarding tech competition, the United States needs to step up its game on regulation and manufacturing—major legislation to fund $52 billion of U.S. chip production has lingered for a year. The only way to answer fundamental relationship questions is to put aside assumptions and pursue negotiations that will test intentions on the issues that created friction. The US has previously paused high tariffs on manufacturing nations in South-East Asia, particularly those used by other nations as export platforms to avoid China tariffs. Vietnam, Cambodia and others will face sustained uncertainty and increasingly difficult balancing acts. While the UK received some concessions, the remaining tariffs are higher, at 10% overall, than on April 2 and subject to US-imposed import quotas. Furthermore, the UK must open its market for certain goods while removing China-originating content from steel and pharmaceutical products destined for the US.

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In addition, the two sides also reconfirmed collaboration on efforts to ban illegal imports as part of their commitment order to advance efforts to halt and reverse forest loss by 2030, as well as promote global forest conservation and sustainable management. The US Senior Advisor to the President for International Climate Policy John Podesta met with China’s Special Envoy for Climate Change Liu Zhenmin in Beijing for the second US-China Working Group on Enhancing Climate Action in the 2020s. The bills that have been passed by the House will now be deliberated by the Senate before being sent to the President to be signed into law. The DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act, meanwhile, restricts funding to universities that have a relationship with a Confucius Institute. Effective September 27, tariff rates will increase to 100% on Chinese electric vehicles, 50% on solar cells, and 25% on EV battery parts, critical minerals, iron and steel, aluminum, masks, and shore container cranes. Tariff increases on semiconductor chips and other products will be phased in over the next two years.

The US average trade-weighted tariff rate was 2.2% on January , while it is now estimated to be up to 17.8%. The Biden administration is extending tariff exclusions on about 99 categories of medical products from China until September 30, 2021 – to aid the fight against COVID-19, according to the notice released by the Office of the United State Trade Representative (USTR). American companies are barred from doing business with companies on the entity list without first obtaining a US government license. According to the statement, the two sides will cooperate with each other and with other countries to “tackle the climate crisis”. The two sides will also “cooperate to promote a successful COP 26 in Glasgow, aiming to complete the implementation arrangements for the Paris Agreement”.

People of insight from both China and the United States should play an active role in maintaining relations at all levels between the two countries. In summary, even if Sino-US ties are not looking up in the short term, both sides should look for realistic methods to keep things going. Jake Sullivan, US National Security Advisor, has declared publicly that the US does not intend to modify China’s political structure, which China appreciates.

In a speech delivered at Johns Hopkins University’s School of Advanced International Studies on Thursday, US Treasury Secretary Janet Yellen struck a conciliatory tone with regard to the US’ increasingly fraught relationship with China, stating that the US seeks a “constructive and fair economic relationship with China”. However, US-China relations remain an issue of major concern for US companies in China, with 87 percent of respondents stating that they were pessimistic about bilateral relations. This sentiment has remained prominent since the release of the March survey, in which respondents “cited ‘rising tensions in US-China relations’ as their top challenge”. The lifting of COVID-19 restrictions in late 2022 has also had a positive impact on business travel, with 43 percent of respondents stating that their “global or regional executives had already visited China in 2023”, while 31 percent stated that they intend to visit this year. The Customs Tariff Commission of the State Council has announced it will extend the tariff exemption on a batch of goods that were due to expire on May 31, 2023. The tariffs on 95 goods included in the 11th batch of tariff-exempted US goods will continue to be waived until December 31, 2023.

The US Secretary of State Antony Blinken spoke with China’s top foreign policy official, Yang Jiechi, in their first high-level conversation since President Joe Biden took office. While both leaders extended festival greetings to the other, the US side emphasized concerns raised on economic practices, human rights, and Taiwan, while China focused on mutual respect, cooperation, and dialogue. The exclusion covers a wide range of items from medical masks and gloves to blood pressure cuff sleeves and X-ray tables.