Over the past week, several notable developments have emerged in global trade.

In terms of China-US trade, the U.S. Trade Representative announced on May 26 that it would solicit public opinions on selecting Chinese goods eligible for lower tariffs. The U.S. plans to study tariff cuts on non-sensitive products worth around $30 billion. This move reflects an assessment of tariff reductions for specific goods, rather than a full removal of tariffs on Chinese imports.

On May 27, the United States International Trade Commission (USITC) launched a Section 337 investigation into coated candies and related products, raw materials and additives. China’s exports of candies and sugar products to the U.S. neared $400 million in 2024, with coated candies and chewing gums being major categories. The investigation may impact relevant manufacturers and their industrial chains.

Foreign trade enterprises are advised to keep a close eye on changes brought by tariff adjustments and trade probes.