The temporary trade truce between the United States and European Union (EU) will continue after the EU issued a press release on December 19, 2023 announcing the customs union would suspend the reimposition of certain retaliatory tariffs on U.S. imports until March 31, 2025. The EU’s retaliatory tariffs, which were scheduled to resume January 1
December 2023
USTR Again Extends Certain China Section 301 Product Exclusions
On December 29, 2023, the Office of the U.S. Trade Representative (USTR) issued a Federal Register notice further extending certain China-related Section 301 product exclusions through May 31, 2024. This action extends 352 exclusions previously reinstated in December 2022 through September 30, 2023, and 77 COVID-related exclusions previously extended in May 2023 through September 30…
BIS Adds 13 Chinese Entities to Unverified List
On December 19, 2023, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a Final Rule adding 13 entities to its Unverified List (UVL). The UVL contains the names and addresses of foreign persons who are or have been parties to a transaction involving the export, reexport, or transfer (in-country) of items subject…
DHS Updates UFLPA Entity List with Three Chinese Entities
Pursuant to a Federal Register Notice posted by the Department of Homeland Security (DHS), effective December 11, 2023, three entities have been added to the UFLPA Entity List. These entities have been identified by DHS as entities working with the government of the Xinjiang Uyghur Autonomous Region to recruit, transport, transfer, harbor or receive…
OFAC and State Sanction Over 250 Entities and Individuals in Connection with Russia’s War Against Ukraine
On December 12, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of State announced sanctions designating numerous additional Russian individuals and entities who have been determined to be assisting in the war against Ukraine and for efforts to evade U.S. sanctions and export controls on Russia. OFAC also…
OFAC and BIS Further Sanction Belarusian and Russian Entities and Individuals
On December 5, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) imposed sanctions on numerous entities and individuals in order to place additional pressure on both Belarus and Russia. The OFAC sanctions focus on Belarus’ “authoritarian regime” and for its…