The Raising Tariffs on Imports from China Act was introduced by Senator Josh Hawley (R-Mo.) and aims to increase tariffs on imports from China until the United State’s bilateral trade deficit returns to balance. In tandem with this legislation, Senator Hawley is pushing for debt limit talks to focus on the reduction of the trade
China’s Revised Counterespionage Law and Recent Actions Highlight Challenges for U.S. Companies Operating in China
Posted in China, China Counterespionage Law
While the Biden’s administration’s recent corporate enforcement actions and initiatives have garnered significant press attention, China has engaged in recent months in a series of less-publicized corporate enforcement actions and initiatives against non-Chinese companies (mostly, but not exclusively, U.S.-based) operating in the country, including through new investigations, raids of China-based offices, and even detention of…
Proposed Rule from Commerce on National Security Guardrails for CHIPS Act Funding: Restrictions on China and other Countries of Concern
By Jeremy Iloulian & Kelsey Clinton on
The U.S. Department of Commerce (“Commerce”) is seeking public comment on how to protect national security while boosting investment in the domestic semiconductor manufacturing industry as part of a new financial incentive program established under the CHIPS and Science Act.
Click here to continue reading the full version of this alert.
Global Trade Talks: Russia- and China-Related Sanctions with Jason Prince, Former Chief Counsel to the Office for Foreign Assets Control (OFAC)
By Crowell & Moring on
Global Trade Talks is a podcast that shares brief perspectives on key global issues on international trade, current events, business, law, and public policy as they impact our lives. In this podcast, hosts Nicole Simonian and Ambassador Robert Holleyman talk to Jason Prince, a Crowell & Moring Partner and immediate-past Chief Counsel to OFAC…
New U.S. Restrictions on Transfers to China for Semiconductor and Advanced Computing Uses
Two new rules announced by the U.S. Department of Commerce, Bureau of Industry and Security (BIS) strive to severely inhibit China’s progress in indigenously producing advanced semiconductors. Although advanced semiconductors are widely used for commercial applications, BIS cited serious concerns regarding China’s use of the technology for WMD and military applications, and enabling human rights…
House Trade Title Includes Changes to Trade Remedies Law
To complement legislation introduced by Ohio Sens. Rob Portman (R) and Sherrod Brown (D), the House included changes to trade remedies law in the COMPETES Act. In addition to the updates outlined in our May 2021 update, the COMPETES Act also grants U.S. Customs and Border Protection (CBP) a statutory basis to investigate claims…
Comment Period for UFLPA Opens on January 24
By John Brew, David Stepp, Jeffrey L. Snyder & Laurel Saito on
Comment Period for UFLPA Opens on January 24
As an update to our Uyghur Forced Labor Prevention Act (“UFLPA”) post, the public comment period will open on Monday, January 24, 2022. A Federal Register Notice will be published on Monday and the 45-day comment period will end on March 10, 2022. The UFLPA was…
UPDATE: Uyghur Forced Labor Prevention Act Signed into Law
By Jeffrey L. Snyder & Laurel Saito on
This is an update to our December 22, 2021 post on the Uyghur Forced Labor Prevention Act.
On December 23, 2021, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act (UFLPA). This action by President Biden comes a week after the law passed both chambers of Congress. After stalling in the Senate…
Join Us for a Crowell & Moring Webinar – China Advance Pricing Arrangement: An Effective Tool for Cross Border Tax Planning
By Edward Goetz on
Posted in China
Wednesday, October 27, 2021 from 10:00 – 11:00 am EST
China’s advance pricing arrangement (“APA”) has been a valid tax planning tool for multinational companies. In fact, the China’s State Taxation Administration has developed a productive working relationship with the IRS’s Advance Pricing and Mutual Agreement (“APMA”) program.
This webinar introduces how companies with operations…
UPDATE: U.S.-China Trade: USTR Restarts Tariff Exclusion Process for Section 301 Duties
By John Brew & Christopher Gundermann on
Posted in China, Section 301 Exclusion Process
This is an update from our October 4, 2021 post on this topic.
On October 4, 2021, United States Trade Representative (USTR) Katherine Tai delivered a speech at the Center for Strategic and International Studies (CSIS) detailing the Biden Administration’s new strategy for managing U.S.-China trade relations. Tai announced that the USTR will restart a …