Friday, June 11, 2021

China's New Anti-Foreign Sanctions Law Sends A Chill Through The Business Community

U.S. and Chinese flags before the opening session of 2019 trade negotiations between U.S. and Chinese trade representatives in Beijing. On Thursday, China passed a sweeping new law designed to counter numerous sanctions the United States and the European Union have imposed on Chinese officials and major Chinese companies.

It's not clear how often or how broadly China will use the law. But by complying with U.S. sanctions on China, businesses could face tough sanctions in China as a penalty for doing so.

(Image credit: Mark Schiefelbein/AP)

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