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In light of China’s efforts to remake the international order in its likeness, the European Union must recalibrate its relationship with Beijing by strengthening domestic production in key areas, better utilize existing trade instruments, develop new defensive tools and align with allies including G7 and G20 partners, European Commission President Ursula von der Leyen said on Thursday.

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Senate Finance Committee Chair Ron Wyden (D-OR) is expanding an investigation into automotive supply chains after major automakers told him they often entrust their suppliers with ensuring they are not sourcing materials made with forced labor, his office said on Tuesday.

The European Commission and EU member states on Tuesday announced that they and the European Parliament had reached a political agreement on an anti-coercion instrument that would allow the EU to impose tariffs on third countries it determines are economically coercive toward any of its member states.

Adding to rapidly building body of literature divining a future U.S. trade strategy toward China is a new Center for Strategic and International Studies piece penned by two economic policy specialists who recommend a strategy of “deterrence by denial.”

Amid a flurry of calls from Congress for more insight into the developing Indo-Pacific Economic Framework for Prosperity, the Office of the U.S. Trade Representative this week released summaries of texts in four areas of the IPEF trade pillar that the U.S. introduced late last year.

The Biden administration should pursue an ambitious trade agenda that includes forging free trade agreements with like-minded, and like-valued, allies as a key component of democratic coalition-building in the face of potential threats from authoritarian regimes, the head of the largest U.S. manufacturing group argued this week.

The U.S. and its 13 Indo-Pacific Economic Framework for Prosperity partners in May will hold a third in-person negotiating round in Singapore, sources tell Inside U.S. Trade.

In a new regulatory proposal, the Commerce Department has outlined a series of “national security guardrails” around $39 billion in CHIPS and Science Act incentives for domestic production of semiconductors, designed to ensure the benefits do not flow to “malign actors.”