US-China Trade Monthly (Feb. 2022)

Volume 1, Issue 1

As global economic and geopolitical environments enter a new era, companies need to continuously develop and adjust their coherent global business strategies to secure and further expand business opportunities in all markets while minimizing political and legal risks by ensuring compliance. To assist you with that task, Mayer Brown’s US-China Trade Monthly provides news and insights related to the latest US developments impacting the US-China bilateral trade relationship. In this inaugural issue, we will discuss: (1) recent US legislation that will generally prohibit any goods with a tie to Xinjiang from being imported into the United States in the near future; (2) the status of US Congress’ ongoing efforts to pass a comprehensive China bill; and (3) a proposed revocation of the de minimis threshold in US customs rules with respect to Chinese imports. With the fluidity of current and pending US and other countries’ sanctions related to the Russia-Ukraine crisis, we will hold off covering any impacts around US-China trade until we have a clearer picture of the full extent of the global sanctions.