The Trump administration formally imposed 25% tariffs on imports of EU steel and aluminum Wednesday. Within hours of those tariffs going into effect, the EU responded by announcing the intention of its member-states to impose...more
President Trump has announced that his administration will be increasing tariffs on Canadian steel and aluminum from 25% to 50%. The announcement comes on the heels of Ontario Premier Doug Ford’s imposition of a new tax on...more
3/11/2025
/ Canada ,
Energy Sector ,
Imports ,
International Trade ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies ,
USTR
Despite recent reports indicating that the Trump Administration is looking into possible options to ease sanctions against Russia, the President took to social media to threaten exactly the opposite....more
In the latest effort to implement its “maximum pressure” campaign targeted at putting a total stop to Iranian oil exports, the Trump administration has imposed another round of sanctions targeting Iran’s oil distribution...more
Following the first day of formal discussions between the United States and Russia about the potential of ending the Russia/Ukraine conflict, the EU is reportedly moving forward with additional sanctions against Russia. The...more
Following President Trump’s announcement of his administration’s intention to ratchet up sanctions against Iran, OFAC announced Thursday that it is designating a number of Chinese, Indian, and UAE entities as Specially...more
President Trump issued a new Executive Order renewing a commitment to imposing “maximum pressure” on the Iranian government to “end its nuclear threat, curtail its ballistic missile program, and stop its support for terrorist...more
China announced overnight that it will impose its own tariffs in retaliation for the newly announced U.S. tariffs. China has indicated that, effective February 10, 2025, it will impose a 15% tax on certain types of coal and...more
2/5/2025
/ Automotive Industry ,
China ,
Crude Oil ,
Energy Sector ,
Export Controls ,
Imports ,
International Trade ,
Metals ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
It appears that Canada is also in negotiations and that U.S. tariffs will be delayed 30 days in line with the delay of tariffs on products from Mexico. Trudeau says Trump agrees to a pause on U.S. tariffs on Canada....more
Since 2020, governments have lurched from pandemic-induced economic and health crises to new and protracted conflicts across the globe. In these times of upheaval and uncertainty, the use of sanctions has increased to an...more
12/16/2024
/ Asset Freeze ,
Business Entities ,
Compliance ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Financial Services Industry ,
Imports ,
Russia ,
Supply Chain ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine