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 November 12, 2024, as part of our 2024 Global Year-End Review of Import/Export & Trade Compliance Developments Conference, Baker McKenzie hosted an in-person fireside chat with Kyle Sullivan, Vice President of Business Advisory Services at the US-China Business Council (“USCBC”). In the discussion with Baker McKenzie’s Senior Counsel, John McKenzie, Mr. Sullivan discussed the changing commercial and business environment for US and multinational companies doing business in China. The key takeaways are summarized below:
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…
On 26 December 2023, China’s Ministry of Foreign Affairs announced new sanctions measures under the Anti-Foreign Sanctions Law against the following parties for their involvement in the imposition of US restrictive measures on Chinese entities over their links to alleged human rights abuses in the Xinjiang Uygur Autonomous Region: The sanctioned parties are prohibited from entering China (including mainland and the Hong Kong and Macao Special Administrative regions). In addition, all properties (including movable and…