If 2025 was the year global trading rules were torn up, 2026 is the year the replacements are being put in place, mostly through compliance obligations rather than tariffs.

China’s extraterritorial trade toolkit is now being used in practice. This quarter Beijing added EU entities to its Export Control Control List, opened its first foreign-trade national security investigation and issued a blocking order against an EU information request. For multinationals, this means managing two extraterritorial regimes that can conflict directly with each other.

Across the region, new export control regimes in Vietnam and Thailand are now enforceable. Korea has overhauled its controls on AI chips and semiconductor tools, and Japan has restored Korea to Group A. Origin misdeclaration is being prosecuted in Singapore, and Indonesia is moving key commodity exports to a single state exporter. There is some good news. Early application of the upgraded ATIGA and the progress of the EU–India FTA create new opportunities for origin planning.

Our Q3 review sets out what changed in China, India, Japan, Korea, Taiwan, ASEAN, Singapore, Malaysia, Indonesia, Thailand, Vietnam and the United States, and what businesses should do next.

Read the full update here: Read Quarterly Update Q3 2026