China’s Revised Foreign Trade Law Strengthens Legal Foundation for Countermeasures

Key Takeaways

• The codification of China’s retaliatory toolkit increases risk for firms in exposed sectors.
• New provisions to shape global trade standards and improve domestic adherence in IP protection, services, and digital trade may help alleviate some conflicting compliance burdens for companies.
• Impacts on US companies in the short term largely depend on the direction of bilateral relations.