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Washington Will Impose New Restrictions On American Business In China, U.S. Legal Expert Predicts

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“Do I think there will be more specific, China-focused investment restraints? Absolutely,” said Dan Pickard, a Washington, D.C.-based international trade and national security expert and attorney at Buchanan, Ingersoll & Rooney

U.S.-China relations have been hurt by Beijing’s close relationship with Russia, Beijing’s suspected sending of a spy balloon over militarily sensitive parts of the U.S. this year, differences over Taiwan, and worries about data security for users of China’s popular TikTok platform, among other issues.

The U.S. Treasury Department has dealt with sanctions dating back prior to the War of 1812.

China will likely fall in-between a hybrid group of sectoral sanctions that first start getting used after the Russian invasion of Crimea, Pickard said. OFAC imposed a ban on oil and gas exploration in Russia, not only Russia individuals.

 

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