Through a series of recently issued general licenses, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has relaxed its Venezuela Sanctions Regulations (VSR) to create a critical pathway for...more
2/23/2026
/ Compliance Management Systems ,
Contract Negotiations ,
Contract Terms ,
Due Diligence ,
Economic Sanctions ,
Foreign Investment ,
General Licenses ,
Investment ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Regulatory Requirements ,
Risk Management ,
Sanctions ,
U.S. Treasury ,
Venezuela
On Friday, the U.S. Supreme Court issued its decision in Learning Resources, Inc. et al v. Trump, ruling 6-3 that the President exceeded his statutory authority under the International Emergency Economic Powers Act (IEEPA)....more
2/23/2026
/ Court of International Trade ,
Customs and Border Protection ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Learning Resources Inc v Trump ,
Refunds ,
SCOTUS ,
Section 232 ,
Section 301 ,
Tariffs ,
Trade Act of 1974 ,
Trump Administration ,
US Trade Policies
Trump administration authorizes transactions involving Venezuelan oil sector, but subject to detailed conditions to align with U.S. policy objectives. Companies seeking to do business with Venezuela should confirm that their...more
2/2/2026
/ Contract Terms ,
Due Diligence ,
Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
General Licenses ,
Hydrocarbons ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Reporting Requirements ,
Trump Administration ,
U.S. Treasury ,
Venezuela
Last Wednesday, September 17, the Office of the U.S. Trade Representative (USTR) published in the Federal Register a notice inviting comment on the United States-Mexico-Canada Agreement (USMCA), the successor to the North...more
9/25/2025
/ Canada ,
Comment Period ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Labor Regulations ,
Labor Relations ,
Mexico ,
National Security ,
Section 232 ,
Tariffs ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
USTR
On July 31, 2025, President Donald Trump signed an executive order modifying the reciprocal tariff rates for certain countries that have goods trade deficits with the United States (the “Tariff Executive Order”). The Tariff...more
8/4/2025
/ Customs and Border Protection ,
De Minimus Quantity Exemption ,
Executive Orders ,
Imports ,
International Trade ,
Popular ,
Section 232 ,
Supply Chain ,
Tariffs ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
In May 2025, the Treasury Department, as chair of the Committee on Foreign Investment in the United States (CFIUS), announced a new “fast track process to facilitate greater investment in U.S. businesses from ally and partner...more
7/21/2025
/ CFIUS ,
China ,
Compliance ,
Executive Orders ,
Fast Track Process ,
Foreign Investment ,
Foreign Policy ,
Investment ,
National Security ,
Regulatory Requirements ,
Risk Management ,
Trump Administration ,
U.S. Treasury
On May 23, 2025, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued Syria General License 25 (“GL 25”), effectively lifting U.S. sanctions on Syria. This move follows President Trump’s announcement on...more
6/2/2025
/ Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
Government Agencies ,
International Trade ,
Iran ,
New Regulations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Syria ,
Trump Administration ,
U.S. Treasury
After announcing and then pausing the implementation of wide-ranging reciprocal tariffs last month, the Trump Administration has recently taken notable steps aimed at recalibrating and improving U.S. trading relationships....more
On April 2, 2025, as part of a “Liberation Day” ceremony in the White House Rose Garden, U.S. President Donald Trump signed an executive order imposing wide-ranging tariffs on imports from virtually every country in the world...more
4/7/2025
/ Canada ,
China ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Mexico ,
Popular ,
Tariffs ,
Trump Administration ,
US Trade Policies
On February 10, 2025, the President of the United States of America issued two proclamations under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. §1862) (“Section 232”): (i) “Proclamation 10895”, “Adjusting Imports...more
Today, March 4, 2025, the previously announced tariffs on goods from Canada and Mexico are officially effective. As noted in our previous update, U.S. President Donald Trump announced significant additional tariffs on imports...more
Through three Executive Orders signed on February 1, 2025 (collectively, the “Executive Orders”), U.S. President Donald Trump announced significant additional tariffs on imports of goods from Canada, Mexico, and China. The...more
2/5/2025
/ Canada ,
China ,
Economic Sanctions ,
Executive Orders ,
International Trade ,
Mexico ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
The Corporate Transparency Act (the “CTA”) took effect in the United States on January 1, 2024, resulting in significant new beneficial ownership reporting requirements. These requirements have a sweeping effect, as many...more