Yesterday, following the completion of the Section 301 review by the Office of the U.S. Trade Representative (USTR), President Joe Biden announced a series of tariff hikes on a wide range of Chinese goods, including...more
On April 17, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) released General License (GL) 44A, requiring the wind down of business transactions with Venezuela’s state-owned energy company Petróleos...more
On Monday, Oct. 30, President Biden signed an Executive Order (EO) on the Safe, Secure and Trustworthy Development and Use of Artificial Intelligence (AI). The EO is intended to establish safety standards for leading...more
The African Growth and Opportunity Act (AGOA), first enacted in May 2000, provides tariff-free treatment of U.S. imports of goods sourced from certain sub-Saharan African countries. AGOA is intended to bolster economic growth...more
On Sept. 21, Secretary of State Antony Blinken and Secretary of the Treasury Janet Yellen co-hosted the Inaugural U.S. Partnership for Global Infrastructure and Investment (PGII) Investor Forum. President Joe Biden formally...more
On Aug. 9, 2023, President Biden signed an executive order (EO) that creates a policy to report and, in some cases, restrict outbound investments in national security technologies and products from the United States into...more
Biden Issues Outbound Investment Executive Order. On Aug. 9, President Joe Biden issued a long-awaited executive order (EO) that prohibits some U.S. investments in China. The EO will require reporting for certain transactions...more
Senate Adopts Outbound Investment NDAA Provision. On July 25, the Senate approved an amendment to the FY 2024 National Defense Authorization Act (NDAA) filed by Sens. John Cornyn (R-TX) and Bob Casey (D-PA) that would require...more
Secretary Blinken to Travel to Beijing. Secretary of State Antony Blinken is planning to travel to Beijing on June 18-19 for meetings with senior PRC officials, the first visit to China by a U.S. Secretary of State since...more
6/30/2023
/ Biden Administration ,
China ,
Cross-Border Transactions ,
Foreign Acquisitions ,
Foreign Investment ,
Foreign Policy ,
National Security ,
Popular ,
Technology Sector ,
Trade Policy ,
Ways and Means Committee
China Rejects U.S. Request for Defense Chief Meeting. The Chinese government has declined a U.S. request for a meeting between the defense chiefs for the two nations, according to an announcement from the Pentagon. The...more
While the Biden administration has refrained from releasing a formal China strategy, recent speeches on U.S.-China relations by Treasury Secretary Janet Yellen and National Security Advisor Jake Sullivan have provided key...more
On Feb. 24, 2023, the White House announced a slate of additional sanctions against Russia, marking the one-year anniversary of the invasion of Ukraine. The additional sanctions follow President Biden’s recent travel to Kyiv...more
2/27/2023
/ Biden Administration ,
Defense Sector ,
Economic Sanctions ,
Export Controls ,
Financial Services Industry ,
Financial Transactions ,
Foreign Policy ,
Foreign Trade Regulations ,
Military Conflict ,
Russia ,
Technology Sector ,
U.S. Treasury ,
Ukraine ,
Vladimir Putin
On Dec. 21, Ukraine President Volodymyr Zelenskyy traveled to Washington, D.C., the leader’s first trip outside of Ukraine since Russia invaded the country in February, to shore up continued support for the ongoing war...more
The Biden administration hosted the second U.S.-Africa Leaders Summit, Dec. 13–15, in Washington, D.C.; this event was the corollary to a similar summit hosted by President Obama in 2014. The summit, which included...more
12/19/2022
/ Africa ,
Biden Administration ,
Energy Sector ,
Foreign Investment ,
Healthcare ,
Infrastructure ,
Innovation ,
International Relations ,
Minerals ,
Popular ,
US-Africa Business Summit
The past decade has seen a pattern shift with how the U.S. views China, and our corresponding actions have changed the U.S.-Sino relationship from competition to adversarial. The U.S. believes China has acted counter to...more
11/17/2022
/ Biden Administration ,
China ,
Department of Homeland Security (DHS) ,
Economic Sanctions ,
Foreign Policy ,
Human Rights ,
Imports ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Procurement Guidelines ,
Technology Sector
From Dec. 13–15, President Biden will host heads of state and leaders from across the African continent for the U.S.-Africa Leaders Summit in Washington, D.C. The summit, which was formally announced by President Biden in...more
On Oct. 12, the White House released its long-awaited National Security Strategy (NSS), a high-level framework addressing the Biden administration’s main priorities on international security, trade and investment. The...more
On Aug. 8, the Biden administration announced the U.S. Strategy Toward Sub-Saharan Africa (“Strategy”), outlining the president’s economic, political, environmental and security priorities in the region. The Strategy was...more
President Biden officially launched The Indo-Pacific Economic Framework for Prosperity (IPEF) (“Framework”), the administration’s economic initiative for the region, during his visit to Tokyo on May 23. The Framework, largely...more
On Tuesday, March 8, the White House announced it was further strengthening the sanctions on Russia, with President Biden scheduled to sign an Executive Order (EO) banning U.S. imports of Russian oil, liquefied natural gas...more
Biden Promises to Cut U.S. Emissions in Half from 2005 Levels -
The Biden administration kicked off their two-day Climate Leaders’ Summit on Earth Day, April 22, 2021, and concluded the event on April 23, 2021. The intent...more