Global News Of Note: China Hit With New Tariffs As It Announces New Economic Stimulus Measures

What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:

• As pandemic-related shutdowns continue to negatively impact growth in the country, the Chinese government has announced 33 new economic stimulus measures. The measures cover fiscal, financial, investment, and industrial policies and include policies that will stabilize supply chains, expand private investment, accelerate infrastructure construction, and ensure energy and food security; provide tax rebates to several sectors, including manufacturing; and attract and expand foreign investment.
• As S&P Global reported, the European Commission announced that it resumed imposing antidumping duties on imports of aluminum flat rolled products from China from July 12 after postponing for nine months. The products involved included coils or coiled strips, sheets, or circular plates with a thickness of 0.2 mm-6 mm, aluminum plates with a thickness of over 6 mm, and aluminum sheets and coils with a thickness of 0.03 mm-0.2 mm.
• The United Kingdom announced a plan to establish provisional duties for six months while it carries out an anti-dumping investigation into imports of aluminum extrusions from China. The penalties went into effect on May 28, 2022. Read the full announcement here.