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The International Trade Commission on Wednesday (June 22) found that unfairly priced and subsidized cold-rolled steel exports from China and Japan harmed the U.S. steel industry, but the determination gives no real indication on how the commission will vote on a second part of the case involving exports of cold-rolled steel from Brazil, India, Korea, Russia and the United Kingdom, according to industry sources.

European Union High Representative Federica Mogherini on Wednesday (June 22) identified the completion of an investment treaty with China as well as an agreement establishing protections for geographical indications there as priorities, and said the commission would take up China's status under trade remedy laws in the second half of the year.

Talks between the United States and China on their bilateral investment treaty will continue into the fall, according to U.S. Trade Representative Michael Froman, but experts see little chance of a deal being struck this year despite sustained engagement and Beijing submitting a second revised offer last week.

Treasury Secretary Jack Lew on June 16 said that China’s willingness to engage in serious negotiations for a high-quality Bilateral Investment Treaty with the United States as well as ensuring that a national security review of foreign investment is limited to true national security issues will indicate whether China will allow foreign firms to compete fairly in its economy.

The Obama administration is engaged in an intense effort to open the Chinese beef market in which animal traceability is the last remaining issue in reaching an agreement to lift the ban on U.S. beef imposed after the outbreak of bovine spongiform encephalopathy (BSE), U.S. Agriculture Department officials said this week. USDA and USTR are working together on the negotiations.