TRADE DISPUTE

SEC Orders Reviews and New Disclosures for Mainland Chinese Security Listings in the U.S.

06 August 2021

U.S. Securities and Exchange Commission Chair Gary Gensler on 30 July announced heightened scrutiny of the security listings of mainland Chinese firms in U.S. exchanges. Gensler said the SEC will increase required disclosures by certain firms that establish shell companies to enter into contracts with mainland China-based firms and then list shares in the U.S. More

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Section 301 Tariff Relief Sought as Total Assessed Nears US$100 Billion

22 July 2021

U.S. business groups are again calling for relief from Section 301 tariffs as the total assessed by U.S. Customs and Border Protection nears US$100 billion. Congress is moving toward providing such relief but the Office of the U.S. Trade Representative has yet to indicate whether or when it might act. More

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U.S. Issues Advisory on “Growing Risks” for Businesses Operating in Hong Kong

19 July 2021

The U.S. Departments of Commerce, Homeland Security, State and Treasury on 16 July issued an advisory discussing various risks that businesses operating in Hong Kong should take into consideration. The advisory itself does not impose any new sanctions or restrictions. More

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Senate Steps Up Efforts to More Effectively Bar Imports Made with Xinjiang Forced Labour

16 July 2021

The Senate on 14 July unanimously approved legislation aimed at ensuring that goods made with forced labour in mainland China’s Xinjiang Uyghur Autonomous Region do not enter the U.S. market. The legislation would have to be approved by the House of Representatives and signed into law by President Biden for it to enter into force. More

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U.S. Government Continues to Urge Firms to Avoid Xinjiang Forced Labour in Supply Chains

14 July 2021

Six U.S. government agencies on 13 July issued an updated advisory for U.S. businesses whose supply chains run through mainland China’s Xinjiang Uyghur Autonomous Region. This document updates advice originally provided in a 1 July 2020 interagency memo and more emphatically enjoins the business community to avoid forced labour in their supply chains. More

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Report Claims US$10 Billion Loss from Efforts to Evade Mainland China Tariffs

25 June 2021

The U.S. lost an estimated US$10 billion in tariff revenue in 2020 from efforts to evade U.S. tariffs, according to new research from the Federal Reserve Bank of New York. The findings could prompt lawmakers or others to pressure CBP to further ramp up its efforts to enforce tariff collections. More

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U.S. Bars Silica-Based Products from Key Mainland Chinese Producer

25 June 2021

U.S. Customs and Border Protection on 24 June issued a new withhold release order requiring with immediate effect the detention at all U.S. ports of entry of shipments containing silica-based products made by Hoshine Silicon Industry Co. Ltd., a company located in mainland China’s Xinjiang Uygur Autonomous Region. More

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Senate Passes Comprehensive Mainland China Legislation

15 June 2021

On 8 June, the U.S. Senate passed a bill aimed at boosting U.S. competitiveness while addressing many of the perceived long-term challenges posed by mainland China. The legislation includes a broad range of mainland China-focused provisions as well as duty relief programmes of special interest to the U.S. trade community. The House of Representatives is expected to approve its own version of the legislation that would then need to be reconciled with the Senate version. More

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DOC Confirms Earlier Finding that Vietnamese Currency Is Both Undervalued and a Countervailable Subsidy

26 May 2021

For the first time, the DOC has definitively determined within the context of a CV duty investigation – involving passenger vehicle and light truck tyres from Vietnam – that a foreign currency is both undervalued and constitutes a countervailable subsidy. More

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EU-US Make Moves to End Trade Dispute, with Eyes on Mainland China’s Overproduction of Steel

26 May 2021

On 17 May 2021, the European Union and the United States announced the start of bilateral discussions to address the health of their steel and aluminium industries in the face of chronic global surplus. The statement highlighted the impact of excess metal capacity on industries, workers, and market economies in both regions. More

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