News & Analysis as of

Office of Foreign Assets Control (OFAC) US Trade Policies

Holland & Knight LLP

President Trump Announces Intent to Lift Syria Sanctions

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During an investment forum in Riyadh, Saudi Arabia, on May 13, 2025, President Donald Trump announced his intent to lift sanctions on Syria, stating that sanctions relief will "give them a chance at greatness."...more

WilmerHale

Limits of IEEPA’s Designation Authority

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Over the first 100 days and beyond, the Trump Administration has deployed national security authorities in novel ways. Perhaps most notably, President Trump has asserted authority under the International Emergency Economic...more

Husch Blackwell LLP

Week Fifteen in Trade

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On May 1st U.S. Customs and Border Protection (“Customs”) issued additional guidance on import duties on certain automobiles through Cargo Systems Messaging Service # 64916414 (the “CSMS”). The CSMS stated the following:...more

Miles & Stockbridge P.C.

Left Out of ‘Liberation Day’: Demystifying Continuing Import Sanctions and Tariffs on Russia

President Donald Trump issued an executive order (EO) earlier this month announcing sweeping “reciprocal” tariffs on imports from countries across the world. One country missing from the EO’s increased tariffs was Russia,...more

Husch Blackwell LLP

Week Twelve in Trade – First 100 Days of the New Administration

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On April 8, 2025, President Trump issued an Executive Order raising the reciprocal tariff rate on Chinese imports from 34% to 84%. This move followed his earlier warning that the U.S. would impose a 50% increase unless China...more

Troutman Pepper Locke

Unprecedented "Secondary Tariffs" for Oil Trade With Venezuela

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On April 2 — labeled “Liberation Day” by President Trump — the Trump administration is set to add a new sanctions-like boost to its tariff strategy, with a threat to impose unprecedented “secondary tariffs” of 25% on “all...more

Troutman Pepper Locke

Latest Sanctions Developments: Venezuela, Russia, and Yemen

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The Trump administration continues to ramp up sanctions on Venezuela and Yemen's Houthis, while sending mixed signals about its intentions with respect to Russia. We provide brief updates on these three areas, following up...more

Womble Bond Dickinson

International Trade in Goods and Technology: An Ever-Changing Regulatory Landscape

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Governments have long regulated international trade in goods, technology, and investment for purposes of revenue generation, economic policy, and national security....more

Baker Botts L.L.P.

President Trump Issues Executive Orders Announcing Tariffs on Goods from Canada, Mexico, and China

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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

The Volkov Law Group

Córdoba Music Group Settles with OFAC for $41,591 for Violations of Iran Sanctions Program

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Córdoba Music Group LLC (Córdoba), a manufacturer of musical instruments based in California, has agreed to pay $41,591 to settle its civil liability for violations of sanctions on Iran. On nine occasions, Córdoba shipped...more

Torres Trade Law, PLLC

The Mergers & Acquisitions Review: US Trade Compliance Due Diligence 2024

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In addition to a myriad of issues to consider during M&A transactions, parties should conduct due diligence related to US trade regulations and the often-related foreign investment regulations that arise in the context of an...more

The Volkov Law Group

Forecasting the 2nd Trump Administration: Foreign Policy Changes and Increased Trade and Tariff Enforcement (Part II of III)

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The 2nd Trump Administration will mean significant change in foreign policy, most especially the importance of ending the Russia-Ukraine war, increased focus on Iran and its proxies, and aggressive use of trade policies and...more

Husch Blackwell LLP

The Justice Insiders Podcast - The Ever-Expanding Net: Corporate Compliance in an Era of Increasing Trade Sanctions and...

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Host Gregg N. Sofer welcomes Husch Blackwell partner Grant Leach to the program to discuss the burgeoning set of requirements and restrictions placed on U.S. businesses in connection with trade law. Gregg and Grant identify...more

WilmerHale

China, the United States, and the Rivalry Over the Imposition of Unilateral Trade Sanctions

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China has long maintained that trade sanctions imposed unilaterally by one or more countries outside the scope of the United Nations Security Council, where China enjoys veto power as one of the five permanent members, are...more

Blank Rome LLP

The BR International Trade Report: July 2024

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Welcome to this month's issue of The BR International Trade Report, Blank Rome’s monthly digital newsletter highlighting international trade, cross-border investment, geopolitical risk issues, trends, and laws impacting...more

Foley Hoag LLP - White Collar Law &...

Enforcement of U.S. Trade Sanctions and Export Controls in 2023 and What to Expect In 2024

This is the tenth in our 2024 Year in Preview series examining important trends in white collar law and investigations in the coming year. Our previous post, "Health Care Fraud Enforcement in 2024," can be found here....more

Mayer Brown

US Agencies’ Tri-Seal Compliance Note Emphasizes Extraterritorial Reach of Sanctions and Export Control Obligations

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On March 6, 2024, the US Departments of Commerce (“Commerce”), Treasury (“Treasury”), and Justice (“DOJ”) released their latest Tri-Seal Compliance Note (“Note”), which focuses on the “Obligations of foreign-based persons to...more

American Conference Institute (ACI)

[Webinar] Virtual Proficiency Series on Economic Sanctions - February 6th - 29th, 1:30 pm - 4:30 pm EST

ACI’s highly anticipated Proficiency Series on Economic Sanctions provides true immersion into Economic Sanctions with the objective of becoming proficient in 4 weeks. Advance your career and professional development by...more

The Volkov Law Group

U.S. Sanctions Update as of July 2023

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Each quarter, we send many of our clients a quarterly trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. ...more

The Volkov Law Group

Microsoft’s OFAC Settlement Underscores Important Remedial Measures (Part II of II)

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Microsoft’s remedial steps provide important best-practices for companies facing similar risk factors in the global economy, especially for global software companies that rely on Internet-based operations....more

American Conference Institute (ACI)

[Virtual Proficiency Series] U.S. Economic Sanctions - March 7th - 30th, 1:30 pm - 4:30 pm EST

The American Conference Institute is hosting their Virtual Proficiency Series on U.S. Economic Sanctions on March 7-30, 2023! Learn and connect at this immersive, practical 4-week masterclass on U.S. Economic Sanctions....more

The Volkov Law Group

DOJ & OFAC Sanctions Predictions for 2023

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Trade compliance is the new hot field.  Companies are catching up with trade compliance in response to the global sanctions regimes put in place to cripple Russia.  The United States, its allies and partners have implemented...more

Orrick, Herrington & Sutcliffe LLP

OFAC issues Russia-related general licenses for some transactions

On January 17, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued several Russia-related General Licenses (GLs), including: (i) General License (GL) 6C...more

Husch Blackwell LLP

International Trade Law: 2022 Year in Review & Outlook for 2023

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We are pleased to announce that our team’s fourth-annual international trade law year-in-review report was published just before the New Year. In it, we take a detailed look at how 2022 played out and explore how 2023 might...more

Holland & Knight LLP

A Guide for Early-Stage Companies on Trade Compliance and Foreign Investment

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Are you looking to hire a star engineer who is a foreign national? Are you considering raising capital from a foreign venture capital firm or other foreign investor? Are you interested in sourcing components or creating...more

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