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Trade Relations Office of Foreign Assets Control (OFAC) Trump Administration

K&L Gates LLP

Historic US Presidential Visit to the Middle East

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The President of the United States, Donald Trump, recently concluded a landmark tour of the Gulf Cooperation Council (GCC) visiting Saudi Arabia, Qatar, and the United Arab Emirates (UAE). This was his first official...more

Alston & Bird

In Sudden Shift, President Trump Threatens New Sanctions Against Russia

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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

Alston & Bird

U.S. Continues “Maximum Pressure” Campaign Against Iran with More Sanctions

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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

Alston & Bird

President Trump Renews “Maximum Pressure” Approach to Iran

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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

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

Holland & Knight LLP

Trump Administration Rescinds Certain Actions by the Previous Administration to Ease Cuba Sanctions

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Within hours after taking office on Jan. 20, 2025, U.S. President Donald Trump signed an omnibus executive order revoking 78 executive actions by the previous administration, dating back to 2021. Among them, President Trump...more

Venable LLP

Trump Administration Prepares to Levy Novel Tariffs

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As anticipated from campaign promises, on Monday, January 20, President Donald Trump issued an executive order (EO) commencing the process to levy a host of new trade tariffs as part of his "America First Trade Policy." New...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

Akin Gump Strauss Hauer & Feld LLP

New Executive Order Restricts U.S. Persons from Trading in Publicly Traded Securities and Derivatives of Certain “Communist...

Key Points - On November 12, 2020, President Trump issued a new EO prohibiting U.S. persons from engaging in transactions in publicly traded securities of certain CCMCs, or any securities that are derivative of, or are...more

Hogan Lovells

Global trade uncertainties put chemical companies at risk

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Beset by ongoing tariff wars, Brexit fallout, heightened sanctions, and other geopolitical tumult, global value chains now face a deeply uncertain trade environment....more

Hogan Lovells

Our International Trade team comments on additional restrictions on trade with Cuba

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The Trump Administration announced a more restrictive policy towards Cuba in a presidential memo issued in June 2017. Since then, the Administration has implemented initiatives that have narrowed or revoked authorized trading...more

Bass, Berry & Sims PLC

Sanctions Update: Additional Iran and Venezuela Designations, Penalty for Sudan Violations

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The U.S. Treasury Department, Office of Foreign Assets Control (OFAC), the main U.S. government body that administers U.S. economic sanctions and embargoes, continues to be busy. In September 2019 alone, OFAC has announced...more

Bass, Berry & Sims PLC

Update on U.S. Sanctions: New Requirements, Continuing Enforcement

• OFAC proposes new reporting requirement for rejected transactions • Agency issues guidance on dealing with Iran • Additional parties designated under Magnitsky sanctions program • Careful diligence of...more

A&O Shearman

Sanctions Round Up: Second Quarter 2019

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SECOND QUARTER 2019 – - US extends sanctions to encompass Iranian metals industries and other targets; Iran announces breach of nuclear accord after EU is unable to offset economic impact of renewed US sanctions. -...more

Holland & Knight LLP

The Drama Around Huawei: Can U.S. Companies Do Business with the Chinese Chipmaker? - Huawei Seems to Be a Bargaining Chip in...

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• President Donald Trump saying at the recent G20 Summit in Japan that American companies could keep selling products to Huawei Technologies Co. Ltd. (Huawei) was another installment in the drama surrounding the Chinese tech...more

A&O Shearman

Sanctions Round Up: First Quarter 2019

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In this quarter, OFAC lifted sanctions on Rusal and other companies following divestment by Oleg Deripaska. Meanwhile, as Venezuela descends into economic and political crisis, the US targeted PdVSA and others to hasten...more

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden's 2019 Insights: Enhanced US Export Controls and Aggressive Enforcement Likely to Impact China

Tariffs targeting Chinese imports into the United States garnered headlines throughout 2018. However, during the latter part of the year, the U.S. government more quietly initiated efforts that in 2019 and beyond could be...more

Akin Gump Strauss Hauer & Feld LLP

President Trump Issues New Iran Executive Order and Reimposes First Set of Sanctions Following JCPOA Withdrawal

• On August 6, 2018, following President Trump’s decision to withdraw the United States from the JCPOA, the U.S. government announced the reimposition of sanctions on Iran’s automotive sector, its trade in gold and precious...more

BakerHostetler

U.S. Sanctions Under the Trump Administration – International Trade Implications

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The Trump Administration has been active on the sanctions front as a means of asserting U.S. foreign policy and national security interests. Congress has also taken an increasingly active and direct role of late, beyond its...more

Alston & Bird

Changes to Cuba Sanctions Program Pursuant to National Security Presidential Memorandum

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On Wednesday, November 8, 2017, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), U.S. Department of State, and U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced...more

Hogan Lovells

Cuba update: Trump tightens travel authorizations and targets new restricted parties

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On 9 November 2017, the Trump Administration implemented new regulations to support its change to U.S. policy on Cuba. The U.S. Government has created a new Cuba Restricted List administered by the State Department. Through...more

Akerman LLP

Island On The Rise

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When President Barack Obama established diplomatic relations between Cuba and the United States in December 2014, many thought the early business opportunities would be in sugar, cigar, and new tourist hotels. But one of the...more

Fox Rothschild LLP

Trump Administration Tightens Cuba Sanctions

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On June 16, 2017, President Trump announced changes to United States’ Cuban sanctions regime which will stem the tide of liberalization that Obama Administration set in motion 2014. While the regulatory changes have not yet...more

Jones Day

President Trump Revises U.S. Policy on Cuba

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On June 16, 2017, President Trump announced revisions to U.S. policy toward engagement with Cuba and a limited rollback of certain sanctions relief provided by the Obama Administration....more

Latham & Watkins LLP

Cuba & Trump: What the Changes Mean

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On December 17, 2014, President Obama announced that the United States would “chart a new course” on its Cuba policy. Starting in January 2015, and for the next two years, the Treasury Department’s Office of Foreign Assets...more

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