After closing the public docket on June 28, 2024, for comments on proposed tariff increases for certain products subject to the China section 301 investigation, the Office of the United States Trade Representative (USTR) issued a July 30, 2024 press release stating that it received more than 1,100 public comments requiring further review and that
United States and Mexico Act to Protect North American Steel and Aluminum Markets from Unfair Trade
On July 10, 2024, the United States and Mexico jointly announced measures to protect the North American steel and aluminum markets from unfair trade. Both countries will implement policies to prevent tariff evasion on steel and aluminum and undertake efforts to strengthen North American steel and aluminum supply chains. These efforts are intended to prevent
USTR Extends Certain China Section 301 Product Exclusions but Allows Others to Expire
On May 24, 2024, the Office of the United States Trade Representative (USTR) announced that it was further extending certain product exclusions in the Section 301 Investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. The current 429 product-specific exclusions were scheduled to expire on May 31, 2024. However
USTR Announces Tariff Increases and Seeks Comments on Proposed China Section 301 Tariff Actions
On May 28, 2024, the Office of the U.S. Trade Representative (USTR) posted in the Federal Register a request for comments regarding its proposed modifications to certain tariffs related to the Section 301 investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation that was initiated in 2018 and resulted
BIS Updates Section 232 Steel and Aluminum Tariff Exclusion Process by Removing 12 GAEs
On May 17, 2024, the Commerce Department’s Bureau of Industry and Security (BIS) published a Final Rule revising the Section 232 tariff exclusion process for imported steel and aluminum products. These changes, effective July 1, 2024, are intended “to refine the framework under which exclusions from the tariffs on steel and aluminum can be requested
Biden Administration Releases China Section 301 Four-Year Review Report and Announces Tariff Updates to Counter China’s Unfair Trade Practices
- The Section 301 tariff actions have been effective in encouraging China to take steps toward eliminating its unfair practices, but it has not eliminated many of its forced technology transfer-related acts, policies and practices.
- Products currently subject to Section 301 duties will remain subject to the existing additional duties.
- The USTR will implement
BEA’s Foreign Direct Investment Reporting Requirements: A Primer
- The Department of Commerce’s Bureau of Economic Analysis requires the reporting of certain statistical data on foreign direct investment in the United States. This includes reporting data when a foreign entity acquires a U.S. business, when a foreign entity or its existing U.S. affiliate establishes a new legal entity, or when an existing
U.S. Aid Package for Ukraine, Israel and the Indo-Pacific Incorporates Extensive Sanctions and Export Control Reforms
On April 24, 2024, President Biden signed into law a broad national security package which included the Israel Security Supplemental Appropriations Act, 2024; Ukraine Security Supplemental Appropriations Act, 2024; Indo-Pacific Security Supplemental Appropriations Act, 2024; 21st Century Peace through Strength Act; FEND off Fentanyl Act; and the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act.
USTR Initiates Section 301 Investigation Targeting China’s Maritime, Logistics and Shipbuilding Sectors
Note: For more information on this topic, please see our client update of April 23rd.
On April 17, 2024, the Office of the U.S. Trade Representative (USTR) initiated an investigation targeting the acts, policies, and practices of the maritime, logistics and shipbuilding sectors of the People’s Republic of China (PRC). This action results from a
OFAC Again Extends Authorizations Under Russia General License 13
On April 12, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) again extended previous Russia-related General License (GL) 13 by issuing a revised GL 13I, “Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024,” which states that U.S. persons are authorized to pay taxes, fees, or import