Legal Update: Impact of the US-China Trade War on Force Majeure Clauses
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As of this article's publication, the US and China appear to be close to ending the tariff war that has rattled financial markets. But the on again off again relationship of the world's largest economies, and the uncertainties associated with that relationship, may well be a feature of the international contracting landscape for years to come.
A recent issue of concern is therefore whether a contractor is liable to perform (even if costly) or pay damages to the customers, if tariffs and other barriers are applied to exports.
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This article is produced by our Singapore office, Bird & Bird ATMD LLP, and does not constitute legal advice. It is intended to provide general information only. Please contact our lawyers if you have any specific queries.
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