Similar to America, China adopts laws to wage a global trade war
ChinaAmendments to the Foreign Trade Law aim to strengthen Beijing’s ability to wage a trade war, limit foreign shipments of strategic minerals and other goods, and further open up its $19 trillion economy.
Reducing dependence on Washington
The official Xinhua News Agency reported on Saturday that the latest amendment to the Foreign Trade Law, approved by China’s top legislative body, will take effect on March 1, 2026.
This comes at a time when China is working to amend legal frameworks related to trade to reduce its dependence on United States.
The Foreign Trade Law, which was adopted in 1994 and has been amended three times since China joined the World Trade Organization in 2001, gives policymakers broad powers to confront trading partners who seek to limit its exports, and adopt mechanisms such as "Negative lists" To open prohibited sectors to foreign companies.
The most prominent amendments to the Chinese Trade Law
The amendment added a clause stipulating that foreign trade must "Serves national economic and social development" And to contribute to building China into a "Powerful trading country"Tariffs with the first Trump administration.
Fending off lawsuits
Beijing is also scrutinizing the wording of its laws in anticipation of potential lawsuits from private companies, which have become increasingly prominent in China, according to trade diplomats.
A Western trade diplomat with decades of experience working with China said: "Ministries have become more concerned about criticism from the private sector. China is a country of laws, so the government can stop a company’s shipment, but it needs a good reason"
Trade diplomats say that the Chinese government may find itself increasingly at odds with the private sector as it seeks to implement a comprehensive ban, such as Beijing’s ban on all imports of Japanese seafood, in light of the continuing dispute between Asia’s two largest economies over Taiwan.
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