he recent couple of years have been a compliance roller coaster ride for businesses with supply chains involving China. China went on a major legislative revamp and rolled out a series of new laws, including the new Export Control Law (ECL) of the People’s Republic of China (PRC), which came into force on 1 December 2020.
On 16 May 2021, the People’s Republic of China’s Customs Tariff Commission of the State Council issued Circular [2021] No. 5 to extend the effective period for the second product exclusion list for the second batch of US products subject to Chinese retaliatory tariffs from 19 May 2021 to 25 December 2021.