NORTH AMERICA

New Mainland China-Focused Bills Would Impact U.S. Investment, Reporting Requirements, Other Areas

10 May 2022

Senate and House lawmakers have recently introduced several bills that, if approved, may have a significant impact on mainland Chinese and Hong Kong companies. Of particular interest are four separate bills introduced by Sen. Rick Scott aimed at holding mainland China accountable for its actions while affording enhanced protections to U.S. investors. More

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China Announces Extension of Seventh Set of Exclusions from Additional Tariffs on US Imports

19 April 2022

As announced by the Customs Tariff Commission of the State Council on 14 April, China extended tariff exemptions on 95 types of goods subject to tariff countermeasures against the US Section 301 measures, from 17 April 2022 until 30 November 2022. More

hktdc research

CBP Preparing to Enforce Forthcoming Ban on Imports Made in Xinjiang

15 April 2022

U.S. Customs and Border Protection is starting to position itself to effectively enforce a ban on imports of all goods made in whole or in part from any good from the Xinjiang Uyghur Autonomous Region, which takes effect on 21 June. More

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Report Urges More Action to Prevent Imports of Forced Labour Goods from Mainland China

14 April 2022

A recent report calls on Congress and the White House to take more steps to enforce the existing prohibition on imports of goods made with forced labour as well as the pending ban on imports of goods from the Xinjiang Uyghur Autonomous Region. More

hktdc research

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

hktdc research

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

venture hong kong

NFTs the new content kingmakers

24 March 2022

During the heady years of dotcom fever in the late 1990s, two phrases commonly bandied about were “content is free” and “content is king”. More

hktdc research

US Sanctions on Russia

21 March 2022

In response to Russia’s recent military aggression against Ukraine, the US has adopted a far-reaching package of sanctions severely restricting economic relations with Russia. Hong Kong sellers with supply chains extending into Russia from the US may need to take careful note of these red lines. More

hktdc research

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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