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Reports
Beijing and Washington, DC Clash Over Excess Capacity: A Guide for the Bewildered
Published at 29 Jul 2026
On 28 July 2026 China’s MOFCOM published a position paper on the trade-related aspects of excess capacity. This follows the initiation in March 2026 of a U.S. investigation into such matters as they relate to 16 trading partners, including China. That investigation may soon result in further import restrictions being imposed by the United States. By posing 10 specific questions about excess capacity, this note sheds light on the substantive disagreement between Beijing and Washington, DC on this salient trade policy matter.
The US tariff level barely moves as Section 122 lapses as two Section 301 duties take its place
Published at 24 Jul 2026
Between 21 and 24 July 2026 the trade-weighted average US tariff barely moves, from 11.0% to 11.2% of import value even though a near-uniform surcharge gives way to two country-specific regimes, and relative market access spreads out again.
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