China extends two trade barrier probes into US till December 27
BEIJING: China’s commerce ministry has decided to extend two probes into US trade practices it launched in March by three months until December 27, according to ministry statements. The ministry said the decisions were made given the complexity of the cases, two separate statements, both dated September 27, showed. The announcements came days after China and the US held new trade talks and agreed…
China has decided to extend two investigations into US trade practices that began in March for an additional three months, until December 27, a ministry statement confirmed. The decision was made due to the complexity of the cases, as disclosed in two separate statements dated September 27. These extensions come just days after China and the US engaged in new trade talks, agreeing to a two-month extension of their trade truce through January 10 and tariff reductions on $60 billion worth of goods.
The two trade barrier investigations were initially launched on March 27 and were focused on US trade practices and measures that "disrupt global supply and industrial chains" as well as "hinder trade in green products." These cases were in response to US Section 301 investigations into forced labor and excess industrial capacity, which were initially set to conclude within six months but may now be extended.
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