President Trump recently imposed a wide variety of tariffs on U.S. imports....more
Under Proclamation 10908 of March 26, 2025 (Adjusting Imports of Automobiles and Automobile Parts Into the United States), tariffs on automobiles have been in effect since April 3, 2025, and tariffs on automobile parts are...more
5/2/2025
/ Automotive Industry ,
Customs and Border Protection ,
Executive Orders ,
Imports ,
International Trade ,
Manufacturers ,
Offsets ,
Section 232 ,
Supply Chain ,
Tariffs ,
Trade Policy ,
U.S. Commerce Department ,
US Trade Policies
In a public event at the White House on April 2, President Trump announced the imposition of “reciprocal” tariffs on virtually all goods imported into the United States from all countries.
For certain countries the...more
On March 26, 2025, President Trump issued Proclamation 10908—Adjusting Imports of Automobiles and Automobile Parts into the United States—that imposed an additional 25% tariff on all imports of automobiles and certain...more
On April 2, 2025, President Trump issued an executive order—Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports—that eliminates, for...more
On February 10 and 11, 2025, President Donald Trump issued two presidential proclamations—Adjusting Imports of Steel into The United States and Adjusting Imports of Aluminum into The United States—that fully reinstated and...more
2/17/2025
/ Aluminum Sales ,
Imports ,
International Trade ,
National Security ,
Section 232 ,
Steel Industry ,
Supply Chain ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
US Trade Policies
President-elect Donald Trump’s second term will almost certainly usher in profound changes to U.S. international trade and national security policy....more
1/17/2025
/ China ,
Donald Trump ,
Free Trade Agreements ,
International Trade ,
National Security ,
Section 232 ,
Section 301 ,
Tariffs ,
Trade Policy ,
Trade Relations ,
USTR
President Biden issued a long-awaited executive order, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” (the Executive Order or E.O.), on August 9, 2023,...more
8/17/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Biden Administration ,
China ,
Compliance ,
Corporate Governance ,
Covered Person ,
Exceptions ,
Executive Orders ,
Foreign Direct Investment ,
Investment ,
Investors ,
National Security ,
Popular ,
Technology Sector ,
U.S. Treasury ,
White Collar Crimes
The Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce is the government agency that compiles statistics about the U.S. economy, including the U.S. gross domestic product (GDP). BEA also compiles statistics...more
5/30/2023
/ BEA ,
Bureau of Economic Analysis ,
Filing Deadlines ,
Financial Reporting ,
Foreign Direct Investment ,
Foreign Investment ,
Form BE-12 ,
Reporting Requirements ,
Required Forms ,
Surveys ,
U.S. Commerce Department
Deputy Attorney General (DAG) Lisa Monaco once again delivered groundbreaking remarks at the American Bar Association (ABA) National Institute on White Collar Crime (ABA White Collar Conference) on March 2, 2023, this time...more
"As I told Congress in July, my north star at BIS is to ensure that we are appropriately doing everything in our power to protect our national security and prevent sensitive technologies with military applications from being...more
11/9/2022
/ Bureau of Industry and Security (BIS) ,
China ,
ECCNs ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Policy ,
Interim Final Rules (IFR) ,
Licenses ,
National Security ,
Popular ,
Semiconductors ,
Supply Chain ,
Technology Sector
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), on August 8, 2022, sanctioned virtual currency mixer Tornado Cash. OFAC alleged that it had been “used to launder more than $7 billion worth of...more
As Russia’s invasion of Ukraine persists, with no end currently in sight, the United States continues to issue increasingly punishing economic sanctions and export controls targeting Russia, most recently aiming at the...more
5/17/2022
/ Bureau of Industry and Security (BIS) ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Entities ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Professional Services Companies ,
Russia ,
Ukraine
Russia’s invasion into Ukraine in February 2022 has prompted the United States and its allies, including the United Kingdom, the European Union, and others, to issue substantial international trade restrictions such as...more
4/21/2022
/ Banks ,
Belarus Sanctions ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Transactions ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine
Following Russia’s recognition of breakaway regions in Ukraine and full-scale invasion of the country, authorities in the United States, United Kingdom, European Union, and across the globe imposed a sweeping array of trade...more
3/22/2022
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Bank Secrecy Act ,
Belarus ,
Bureau of Industry and Security (BIS) ,
Convertible Virtual Currencies (CVCs) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
FinCEN ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Patriot Act ,
Russia ,
SDN List ,
SWIFT ,
U.S. Treasury ,
UK ,
Ukraine
On February 21, 2022, Russian President Vladimir Putin unilaterally recognized the Luhansk and Donetsk regions in Eastern Ukraine (Covered Regions) as independent states. Thereafter, Mr. Putin authorized a full-scale invasion...more
3/3/2022
/ Banking Sector ,
Bureau of Industry and Security (BIS) ,
CAPTA List ,
Economic Sanctions ,
Export Controls ,
Exports ,
Financial Institutions ,
Financial Transactions ,
FinTech ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Sovereign Debt ,
SWIFT ,
Ukraine
Agency’s Focus on Cryptocurrency and Blockchain Continues -
On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released an updated advisory to “highlight the sanctions...more
10/5/2021
/ Crypto Exchanges ,
Currency Exchange ,
Cyber Attacks ,
Cybersecurity ,
Economic Sanctions ,
Enforcement Actions ,
Guidance Update ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Office of Foreign Assets Control (OFAC) ,
Ransomware ,
U.S. Treasury ,
Virtual Currency
Sunday, September 20, 2020, was intended to be the day on which prohibitions would go into effect on ByteDance Ltd. (ByteDance) and Tencent Holdings Ltd. (Tencent) and their subsidiaries—makers of the TikTok and WeChat apps,...more
9/23/2020
/ China ,
Data Privacy ,
Data Protection ,
Executive Orders ,
Mobile Apps ,
Online Platforms ,
Personal Data ,
Preliminary Injunctions ,
Social Media ,
TikTok ,
Trump Administration ,
U.S. Commerce Department ,
WeChat
The U.S. government on July 14, 2020, took two significant steps to address the evolving situation in Hong Kong. These were primarily in response to the enactment of the Law of the People's Republic of China on Safeguarding...more
7/22/2020
/ Blocking Sanctions ,
China ,
Economic Sanctions ,
Exceptions ,
Executive Orders ,
Export Controls ,
Foreign Financial Institutions (FFI) ,
Foreign Persons ,
Hong Kong ,
Hong Kong Autonomy Act (HKAA) ,
Penalties ,
Preferential Trade Status ,
Termination Clauses ,
Trump Administration ,
US Trade Policies
The U.S. Department of Commerce, Bureau of Industry and Security (BIS) on April 28, 2020, published two final rules and a proposed rule that substantially tighten the controls in the Export Administration Regulations (EAR)....more
5/1/2020
/ Bureau of Industry and Security (BIS) ,
ECCNs ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Final Rules ,
General Licenses ,
Licensing Rules ,
Military End Use ,
National Security ,
U.S. Commerce Department
The Committee on Foreign Investment in the United States (CFIUS) published two final rules on January 17, 2019, to implement the Foreign Investment Risk Review Modernization Act (FIRRMA) enacted in August 2018. The first...more
2/13/2020
/ CFIUS ,
Code of Federal Regulations (CFR) ,
Covered Transactions ,
Critical Infrastructure Sectors ,
Cross-Border Transactions ,
Emerging Technologies ,
Emerging Technology Companies ,
Export Controls ,
Federal Pilot Programs ,
Final Rules ,
FIRRMA ,
FOCI ,
Foreign Investment ,
NAICS ,
National Security ,
New Rules ,
Real Estate Transactions
The Office of Foreign Assets Control (OFAC), an agency of the U.S. Department of the Treasury, administers and enforces U.S. economic sanctions programs against targeted foreign governments, individuals, groups and entities...more
5/8/2019
/ Audits ,
Chief Compliance Officers ,
Corporate Counsel ,
Corporate Officers ,
Economic Sanctions ,
Enforcement Actions ,
Internal Controls ,
National Security ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Policies and Procedures ,
Risk Assessment ,
Senior Managers
The Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) became law on August 13, 2018. Under FIRRMA, the Committee of Foreign Investment in the United States (CFIUS) is authorized to conduct pilot programs. On...more
10/24/2018
/ Board of Directors ,
CFIUS ,
Covered Transactions ,
Critical Infrastructure Sectors ,
Federal Pilot Programs ,
FIRRMA ,
Foreign Investment ,
Interim Rule ,
Joint Venture ,
Mandatory Declarations ,
NAICS ,
National Security ,
U.S. Treasury
Driven by a newly aggressive “America First” trade policy under the Trump administration, global trade barriers are increasing rapidly, with proposals for new tariffs and non-tariff barriers issued by U.S. and foreign...more
7/26/2018
/ Aluminum Sales ,
China ,
Customs and Border Protection ,
Exports ,
Imports ,
Public Comment ,
Section 232 ,
Section 301 ,
Steel Industry ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
USTR ,
WTO
The United States will reimpose sanctions against Iran to implement President Donald Trump’s decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA), a multilateral agreement under which Iran agreed to curb...more