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Abstract After the Trump administration took office, aggressive economic sanctions have been implemented by the US government overseas. The abuse of extraterritorial jurisdiction has been opposed by countries around the world and it directly leads to the renewal of the EU Blocking Statute. Currently, nearly all major economies have blocking statutes. Typically, blocking statutes not only block the effect of other countries’ extraterritorial laws at the national level but also provide private remedy mechanisms at the individual level. The EU Blocking Statute is typical of contemporary blocking statutes and it currently applies to certain US economic sanctions against Iran and Cuba. The EU Blocking Statute covers all the three core mechanisms of typical blocking statutes: Firstly, it blocks the legal effect and implementation of specific US laws in the EU. Secondly, it prohibits relevant entities from complying with specific US laws. Thirdly, it allows relevant entities to claw back damages caused by specific US laws. Although there are shortcomings to be improved for the EU Blocking Statute, it had been undoubtedly playing an important role in protecting the EU and European entities against specific US laws, providing important bargaining chips for the EU in political negotiations with the US and influencing the implementation of the US economic sanctions for a long time. China is one of the few major economies in the world that do not have blocking statutes. Due to China’s special position in the international political and economic system, the enactment of a blocking statute is of special significance to China. The blocking statute currently makes the most important part of China’s fivelevel mechanism in coping with US economic sanctions. In the lawmaking process of the blocking statute, China should give full considerations to its diplomatic and political needs as well as its own traditional legal practice and learn from the experience of various countries, especially the EU, in terms of the legislative models, core mechanisms, designation of foreign laws, application procedures, methods of penalties and so on.
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