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ARTICLE · 20 JANUARY 2021

U.S. Government Imposes Additional Export Controls On China Trade

Torres Trade Law, PLLC
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Towards the end of its term, the Trump Administration continues to strengthen regulation of trade with China, even when it means leaving implementation of the new controls to the Biden Administration.

GlobalInternational Law
Olga Torres
Olga Torres
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Towards the end of its term, the Trump Administration continues to strengthen regulation of trade with China, even when it means leaving implementation of the new controls to the Biden Administration.

For companies doing business in and with China, the increased export controls and economic sanctions – a recent executive order prohibiting transactions with popular Chinese mobile payment apps, a new 'Military End Use' list that tightens export licensing for designated items, and a ban on securities investments in Chinese military entities – call for enhanced due diligence to ensure compliance.

Ban on Transactions Using Chinese Mobile Payment Apps

On January 5, President Trump signed an Executive Order that prohibits any transactions with persons that develop or control eight Chinese applications, including Ant Group's Alipay and Tencent's WeChat Pay (the "Mobile Payment EO").

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