Geopolitical and geoeconomic tensions between China and the US remain high. This session explored the use of export control and other national security measures by competing regimes, drawing on perspectives from the US, China, the EU, the UK, Japan, and Taiwan. The session began with an overview of US national security policies towards China and recent efforts to regulate the flow of capital and data. This was followed by insights from China on retaliatory measures,…
Following the previous round of 10% tariffs imposed by the US on all goods originating from China, effective February 4, 2025, the US has imposed additional 10% tariffs on all Chinese goods under the International Emergency Economic Powers Act (“IEEPA”) on March 3, 2025. In response, China announced a new series of retaliatory measures against the US the next day. Below is a summary of these measures: 10-15% retaliatory tariffs on US agricultural products Effective…
On October 19, 2024, China formally published the new Regulations on Export Control of Dual-Use Items (“Regulations”), which will take effect on December 1, 2024. These Regulations which are aimed at implementing the dual-use export controls under the Export Control Law (“ECL”) introduced in 2020, will replace the existing two-decade-old legacy regulations on dual-use export controls. Compared to the legacy regulations, these new Regulations are more closely aligned with the ECL framework and contain implementation…
Baker McKenzie will be hosting an upcoming International Trade Sanctions Conference in Zurich on 15 October 2024. During this conference, our international trade team will discuss the latest developments in international trade measures, namely economic sanctions, covering key regions that impact international trade. We will examine the latest developments in US export controls and sanctions, delve into the regulatory landscape in China and the Asia Pacific and provide insights into the latest developments in EU,…