TRADE WAR

Implementation Strategy for the New US Forced Labour Prevention Act

22 June 2022

The Forced Labor Enforcement Task Force has unveiled a strategy to implement the Uyghur Forced Labor Prevention Act. This, combined with CBP’s operational guidance, provides the framework by which the US government began full implementation of the legislation effective 21 June 2022. More

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Operational Guidance for the New US Forced Labour Prevention Act

17 June 2022

The new Uyghur Forced Labour Prevention Act (UFLPA), signed into law on 23 December 2021, will come into effect on 21 June 2022. This article details the operational guide for traders issued by the US Customs and Border Protection. 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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The Expiry of Phase One Sino-US Trade Deal

19 January 2022

The Phase One Sino-US Trade Agreement officially expired on 31 December 2021, with significant unfulfilled commitments. How to reconcile the shortcomings and how to extend the bilateral dialogue to frontiers beyond trade will help shape the future Sino-US relationship in 2022 and beyond. More

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The Legacy of Covid-19: What Now for the Sino-US Trade War?

28 May 2020

The fallout from this year’s global Covid-19 crisis has further complicated the already difficult Sino-US trade and economic relationship, endangering January’s phase one trade deal and any further rounds of negotiation. To stay ahead of the storm, Hong Kong companies are advised to continue to diversify their export markets and manufacturing bases, while using disruptive supply chain management solutions to prep for the hoped-for global production rebound. More

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The Final USMCA Deal

13 March 2020

On January 29 2020, US President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) into law, completing the ratification procedure within the US. Under the new free trade agreement, products will generally face more demanding compliance requirements for duty-free treatment. To cope with the more stringent origin rules and limit on the use of foreign components, Hong Kong businesses should ensure they are aware of the new deal’s key changes and impacts on their exports. More

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The FIRRMA Rules

28 February 2020

Regulations to comprehensively implement the Foreign Investment Risk Review Modernization Act (FIRRMA), which broadened the authorities of the Committee on Foreign Investment in the US (CFIUS) to better address national security concerns arising from some types of investments and real estate transactions, became effective on 13 February 2020 – a development having a profound impact on foreign investment in the US which Hong Kong companies should take heed of. More

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Prospering in a Time of Trade Tension: How to Ensure Your Business is Not a Trade War Casualty

07 May 2019

Even should a trade deal be agreed, some – if not all – of the 301 US-imposed tariffs on Chinese imports could remain in place for a “substantial period of time”. In light of this and in order to avoid the worst consequences of the ongoing Sino-US trade dispute, Hong Kong companies would do well to adopt a total solution approach, optimising their business operations and supply chains to reduce their overall exposure. More

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CFIUS Reform and its Likely Impact on Inward-Bound US Investment

19 December 2018

The Foreign Investment Risk Review Modernization Act (FIRRMA) has been recently signed into law, the first update to the Committee on Foreign Investment in the US (CFIUS) regime in more than a decade. The reform and modernisation of the CFIUS review process is going to have a profound impact on foreign investment in the US – a development which Hong Kong companies should take heed of. More

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A Blessing in Disguise: A Game Theory Analysis of the US-China Trade Dispute

23 November 2018

The growth in world trade would have reached a decade high in 2018 had it not been for the trade war with China instigated by Donald Trump. A huge number of businesses engaged in US-China trade are suddenly finding themselves under untoward pressure. China should leverage on its stature as the world’s largest and most promising market, as well as its commitment to expanding its open-door policy. It should also seek to increase its level of influence in the international arena. More

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