Beware of the "new double reverse"! On May 14, the United States announced tariffs on $18 billion worth of Chinese imports. Based on the recommendations of the four-year review report submitted by the Office of the United States Trade Representative (USTR) on the same day, the Biden administration not only largely maintained the existing 301 tariff items and rates on China, It will also impose new 301 tariffs or significantly increase existing rates on imports of steel and aluminum, semiconductors, electric vehicles, lithium-ion batteries, photovoltaics, port cranes and some medical devices from China.

On May 17, 2024, the Ministry of Strategy and Finance of the Republic of Korea issued Notice No. 2024-117, stating that in response to the application submitted by POSCO Co., Ltd., on March 13, 2024,

On May 20, China's Ministry of Commerce issued two announcements on the working mechanism of the unreliable entity list. The decision will be made against General Atomics Aeronautical Systems and General Dynamics Land of the United States, which are involved in arms sales to Taiwan Systems and Boeing Defense, Space & Security of the United States adopted the unreliable entity list measure. Specific measures include: 1. Prohibit the above enterprises from engaging in import and export activities related to China; 2. The above enterprises are prohibited from operating in China

The products decided to be exempted are as follows: the outer diameter of the curtain rod is 16 mm and the specification/wall thickness is 0.4 mm.

On May 14, the US released the results of its four-year review of the 301 tariffs imposed on China, announcing that on the basis of the existing 301 tariffs, the US will further increase tariffs on electric vehicles, lithium batteries, photovoltaic cells, key minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China. China is firmly opposed to and has lodged stern representations. Out of domestic political considerations, the US has abused the 301 tariff review process, further increased the 301 tariffs on some Chinese products, and politicized and instrumentalized economic and trade issues, which is a typical political manipulation. China expresses strong dissatisfaction with this. The WTO has already ruled that 301 tariffs violate the WTO Group

On April 24, 2024 local time, the Japanese Ministry of Finance issued a notice to initiate an anti-dumping investigation on graphite electrodes originating in China (excluding Hong Kong and Macau) at the request of three domestic producers. This case involves products under Japanese Customs Code 8545.11.

Following the launch of the "301 investigation" on China's technology transfer and intellectual property in 2017, the Office of the United States Trade Representative (USTR) recently announced the launch of a "301 investigation" on China's maritime, logistics and shipbuilding industries. At the seminar "The history of the US '301 Investigation 'and the impact of the investigation on China's shipping industry" held by the Commercial Law Center of the China Council for the Promotion of International Trade recently, Jia Shengnan, maritime commercial lawyer of Taihe Tai (Beijing) Law Firm, analyzed the impact of the "301 investigation" on China's shipping industry and put forward corresponding suggestions. The investigation was submitted to the Office of the U.S. Trade Representative by five national labor unions

On May 10, Bloomberg, the Associated Press and the Wall Street Journal and other US media have quoted news that the Biden administration announced tariffs on China as soon as next week, involving key areas such as electric vehicles, batteries and photovoltaics, of which the tariffs on China's electric vehicles will rise to 100%. Reuters later broke the exclusive news that the Biden administration's tax increase area also includes medical devices. The Biden administration is expected to impose new tariffs on Chinese-made medical devices such as syringes and personal protective equipment when it unveils new tariffs next week, two people familiar with the matter told Reuters, but the size and scope of the tariffs are unclear. Sources say the move is part of the Biden administration

On May 9, 2024, the U.S. International Trade Commission (ITC) issued a notice saying that it made a final ruling on Part 337 of Certain Passive Optical Network Equipment (investigation code: 337-TA-1384) :

On May 1, 2024, the U.S. Department of Commerce issued a notice to initiate the third anti-dumping and countervailing sunset review investigation of Circular Welded Carbon Quality Steel Pipe imported from China. At the same time, the United States International Trade Commission (ITC) launched the third anti-dumping and countervailing sunset review of industrial injury investigations on ringed welded carbon steel pipes imported from China to examine whether, if the current anti-dumping and countervailing measures are removed, the material damage caused by the imports of the products involved in the United States domestic industry will continue or occur again within a reasonably foreseeable period.