The outbreak of COVID-19 is impacting international trade as global markets deal with uncertain supply and companies and governments work to ensure personal safety while developing contingency plans for handling the virus. In...more
3/12/2020
/ Breach of Contract ,
Bureau of Industry and Security (BIS) ,
Coronavirus/COVID-19 ,
Economic Sanctions ,
Export Controls ,
Exports ,
Force Majeure Clause ,
General Licenses ,
Humanitarian Assistance ,
Infectious Diseases ,
Medical Supplies ,
Multinationals ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Sanction Violations ,
Supply Chain
Throughout his presidency, President Trump has used tariffs – and the threat of tariffs – to address an unprecedented variety of economic and national security threats. As if to underscore the point, on December 2, 2019, the...more
12/5/2019
/ Agricultural Sector ,
Aluminum Sales ,
Argentina ,
Brazil ,
China ,
Countervailing Duties ,
Country of Origin ,
Customs and Border Protection ,
Digital Services Tax ,
Duties ,
Exports ,
Foreign Trade Regulations ,
Foreign Trade Zones ,
France ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
Manufacturers ,
Mexico ,
Requests for Exclusion ,
Risk Assessment ,
Risk Management ,
Secretary of Commerce ,
Section 232 ,
Section 301 ,
Steel Industry ,
Supply Chain ,
Tariff Classifications ,
Tariffs ,
Trade Act of 1974 ,
Trade Expansion Act of 1962 ,
Trade Wars ,
Trump Administration ,
US Trade Policies ,
USTR ,
WTO
On November 5, 2018, applicable wind-down periods for certain transactions with Iran ended and the second and final set of U.S. secondary sanctions that had been lifted pursuant to the Iran nuclear deal – the Joint...more
11/7/2018
/ Blocking Statutes ,
Economic Sanctions ,
Energy Sector ,
EU ,
Exports ,
FinCEN ,
Foreign Financial Institutions (FFI) ,
Foreign Policy ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
Petroleum ,
SDN List ,
Secondary Sanctions ,
Shipping ,
Special Purpose Vehicles ,
Trump Administration
On August 24, 2018, the U.S. Department of State announced a new but limited export licensing policy for defense and national security-sensitive goods and technology to Russia, effective August 27, 2018. The export licensing...more
8/27/2018
/ Chemical Weapons ,
Economic Sanctions ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Exchanges ,
Foreign Subsidiaries ,
Government Officials ,
Legislative Agendas ,
National Security ,
Russia ,
State-Owned Enterprises ,
UK ,
US State Departments
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued updated general licenses and related guidance in connection with sanctions imposed in April on certain Russian individuals and entities...more