SINO-US TRADE

Legislation Seeks to Address Mainland China’s Dominant Position on Critical Minerals

11 April 2022

Legislation introduced in the Senate on 30 March by Sens. Lankford, Cornyn, Warner and King would seek to establish a secure supply chain of critical minerals to counter mainland China’s market dominance by leveraging the Quadrilateral Security Dialogue, which includes the U.S., Australia, India and Japan. More

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USTR Highlights Mainland Chinese Policies, Other Concerns in Annual Trade Barrier Report

08 April 2022

USTR recently issued its annual National Trade Estimate report, which describes significant foreign barriers to U.S. exports of goods and services, foreign direct investment and e-commerce as well as the actions being taken to address those barriers. More

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Hundreds of Section 301 Tariff Exclusions Reinstated Through 31 December

28 March 2022

More than 300 exclusions from the Section 301 tariffs on imports from mainland China have been retroactively reinstated. U.S. importers of covered goods can seek refunds of Section 301 tariffs paid on those goods, regardless of whether they requested the original exclusion. More

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Review of Section 301 Tariffs on List 1 Goods Could Be Initiated Soon

11 March 2022

U.S. press reports indicate that President Biden is expected to soon initiate a review of the first tranche of tariffs (List 1) that were imposed on some US$34 billion worth of imports from mainland China on 6 July 2018. However, another option for the Biden administration would be to allow the current Section 301 measures to expire and initiate a brand new, more targeted investigation into mainland China’s practices. More

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Biden Calls on Lawmakers to Finalise Mainland China Legislation

10 March 2022

On 9 March, President Biden called on lawmakers to quickly finalise a comprehensive legislative package aimed at boosting U.S. competitiveness while addressing many of the perceived long-term challenges posed by mainland China. More

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The New US Forced Labour Prevention Act

02 March 2022

The new Uyghur Forced Labour Prevention Act (UFLPA), signed into law on 23 December 2021, will become effective on 21 June 2022. This interview discovers some key provisions of the new legislation and its impacts on supply chains, as well as how Hong Kong companies can prepare for the changes. More

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Annual Report on Notorious Markets Adds Two Major Mainland Chinese On-line Marketplaces

21 February 2022

In its annual notorious market report for 2021, USTR identified for the first time AliExpress and the WeChat e-commerce ecosystem as on-line markets that reportedly facilitate substantial trademark counterfeiting. The report also continues to list mainland China-based on-line markets Baidu Wangpan, DHGate, Pinduoduo and Taobao, as well as nine physical markets located within the mainland that are ostensibly known for the manufacture, distribution and sale of counterfeit goods. More

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USTR Highlights Need for New Tools to Deal with Mainland China

21 February 2022

U.S. efforts to address fundamental problems with Beijing’s “state-led, non-market approach to the economy and trade” over the past 20 years have been largely unsuccessful, highlighting the need to develop new strategies and tools, USTR concluded in its annual report on mainland China’s compliance with its WTO commitments. More

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OFAC Issues Mainland China Sanctions Regulations

17 February 2022

The Office of Foreign Assets Control has issued the Chinese Military-Industrial Complex Sanctions Regulations to implement Executive Order 13959 of 12 November 2020, as amended by EO 14032 of 3 June 2021. These regulations, which are effective as of 16 February, include provisions on prohibited transactions, licences, authorisations, statements of licensing policy, penalties, reports and procedures. More

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Trade Data Reveals Large Shortfall in Mainland China’s Purchases under Phase One Deal

15 February 2022

A new think tank report calls the Sino-U.S. phase one trade agreement a “failure” because it “did little to change China’s economic policymaking” and yielded none of the additional U.S. exports to mainland China to which Beijing committed. More

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