For global U.S. companies with ties to China, it’s more imperative now than ever to ensure strict adherence to Chinese law, according to international trade lawyers.
The Justice Department unveiled indictments on Monday accusing Huawei Technologies Co. of fraud, money laundering, obstruction of justice and sanctions violations, pouring fuel on an already tense situation that threatens to sour renewed U.S.-China trade talks ahead of a March 1 deadline to negotiate a deal. If the talks crumble, the U.S. could raise tariffs from 10 percent to 25 percent, affecting $200 billion of Chinese goods.
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