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This Roundup sums up the 1'008 trade and industrial policy developments documented by the Global Trade Alert team during July 2026. The report provides a geographic analysis of these developments, with a focus on the United States, China, and the European Union. It highlights four trends: the US turned Section 301 from a country-specific remedy into a duty regime; Washington gave old status new work; ownership becoming central to industrial policy; and governments funding the semiconductor supply chain.

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.

One year on from the political agreement on EU-US trade reached in Turnberry, Scotland, transatlantic trade imbalances have narrowed sharply. However, the EU is not on track to meet its purchase commitments in energy and AI chips.











