EXPORT PROSPECTS

The first two years of the Biden administration are likely to focus on domestic issues, specifically Covid-19, jobs and the economy. The new administration will also have to deal with various outstanding trade issues from the Trump presidency, including the Section 301 tariffs on a broad range of products from mainland China, as well as the Section 232 tariffs on steel and aluminium from most foreign suppliers. More

With the change of presidential administrations around the corner, shifts in US foreign policy objectives under the incoming administration could reshape the adoption and enforcement of US economic sanctions and export control regulations through 2025. In an interview with HKTDC Research, Ali Burney at Steptoe & Johnson LLP shares his thoughts and advice for Hong Kong companies on the likely way forward. More

The 3 November 2020 election is expected to result in a new administration under Joe Biden. But since the incoming administration will not be inaugurated until 20 January 2021, the outgoing administration has plenty of time to take additional trade-related actions that may impact Hong Kong and mainland China. In other moves, the first two years of a Biden-Harris administration are likely to focus on such domestic issues as Covid-19, jobs and economy, with trade taking a back seat. More

Following an executive order ending Hong Kong’s differential treatment with respect to various US statutes, Hong Kong companies should be aware of the new realities to avoid possible violations, as well as legislation details to decide whether their trade and investment transactions may fall within the remit of the changed US regulations. More