On May 29, President Trump announced in a White House news conference the US government would “begin the process” to revoke the “full range of agreements” providing the Hong Kong Special Administrative Region of China separate treatment from mainland China under US law on topics including “export controls on dual use technologies,” among others, “with
United States to Take Steps to Revoke Hong Kong’s Separate Status, Impose Sanctions and Enhanced Export Controls after Beijing National Security Vote
On May 29, 2020, President Trump announced in a White House news conference that the US government would begin taking steps to revoke the “full range of agreements” providing the Hong Kong Special Administrative Region of China separate treatment under US law on topics including customs, extradition, and export controls “with few exceptions.” The United States also plans to sanction Chinese and Hong Kong officials “directly or indirectly involved in eroding” Hong Kong’s autonomy, the President announced.
The President’s announcement contained few specifics on the proposed measures or a timeline for their implementation. We anticipate additional guidance and actions from the US Departments of State, Treasury, and Commerce in the coming days and weeks. …
Continue Reading United States to Take Steps to Revoke Hong Kong’s Separate Status, Impose Sanctions and Enhanced Export Controls after Beijing National Security Vote
What You Need to Know About the Impact of COVID-19 on International Trade
Click here to visit Steptoe’s COVID-19 International Trade Resource Page to learn how COVID-19 is impacting international trade.
How is COVID-19 shaping the US-China trade dispute? Will the pandemic affect pending US trade remedy proceedings? What will happen to US international trade negotiations?
The global COVID-19 pandemic has had, and will continue to have, significant…
United States and China Sign Phase One Trade Agreement
On January 15, 2020, the United States and China signed the “Economic and Trade Agreement,” commonly referred to by the parties as the Phase One agreement. US President Donald Trump and Chinese Vice Premier Liu He signed the text in Washington, and the Vice Premier read aloud a congratulatory letter from Chinese President Xi Jinping.
US-China Phase One Trade Agreement: Key Provisions, Next Steps and Open Issues
The Office of the United States Trade Representative (USTR) announced December 13, 2019 that the US and China have reached a “historic and enforceable agreement” on a Phase One trade deal, though significant questions remain as to its terms and the future of the current US-China trade conflict.
While the text of the agreement has …
US Threatens Up To 100% Tariff on French Luxury Imports
On Monday, the US Trade Representative (USTR) issued a notice proposing the imposition of up to a 100% tariff on $2.4 billion worth of French imports. This proposed tariff is the result of a Section 301 investigation which found that France’s Digital Services Tax is unreasonable, discriminatory, and restricts US commerce. The full Section 301…
China as a Currency Manipulator: What Does It Mean for US Businesses?
On August 5, 2019, the Trump Administration labeled China a “currency manipulator” after the US-China exchange rate fell below 7 RMB per 1 USD. This was the first time in more than a decade that the RMB had broken through this level, and it was viewed by President Trump as a direct response to his…