The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eight individuals and one entity in response to Russia’s continued aggression toward Ukraine and attempted occupation of Crimea, which the United States continues to view as an illegitimate annexation since it occurred in 2014. OFAC has designated and placed on the Specially
Trade Remedy/Enforcement
President Trump Further Tightens Iranian Sanctions by Targeting Steel, Aluminum, Copper and Iron Manufacturers and Designating Additional Senior Iranian Officials
On January 10, 2020, President Donald Trump issued “Executive Order on Imposing Sanctions with Respect to Additional Sectors of Iran,” implementing further sanctions on Iran and blocking the assets and property of additional senior Iranian government officials. The executive order authorizes economic sanctions on entities operating in the construction, mining, manufacturing or textiles sectors of…
New CBP Statistics Show $52.9 Billion in Collections from Tariff Actions
According to recently released U.S. Customs and Border Protection (CBP) data, the agency has assessed, as a result of tariffs implemented through U.S. government actions under Section 232 of the Trade Expansion Act of 1962 and Sections 201 and 301 of the Trade Act of 1974, approximately $52.9 billion in import duties as of January…
Miscellaneous Tariff Bill Public Comment Period Opens
After receiving over 4,000 Miscellaneous Tariff Bill (MTB) petitions seeking to temporarily reduce or eliminate tariffs on the import of various goods into the United States (see Trump and Trade Update of October 1, 2019), the U.S. International Trade Commission (USITC) has been posting petitions satisfying the statutory filing criteria on a rolling basis…
USTR Grants Only Six Extensions for China Section 301 Exclusions Set to Expire December 28
Playing the role of Scrooge, the Office of the U.S. Trade Representative (USTR), after seeking comments on whether to extend for another year certain product exclusions it granted in December 2018 (see Trump and Trade Update of October 29, 2019), has determined that it will only grant six extensions covering the following Harmonized Tariff…
USTR Formalizes Section 301 Tariff Suspension for Chinese Products on List 4B
Pursuant to the December 13, 2019 “Phase One” trade agreement with China (see Trump and Trade Update of December 13, 2019), the Office of the U.S. Trade Representative (USTR) issued a Federal Register notice today, formally announcing that the Section 301 tariff of 15 percent on certain products from China (List 4B)…
USTR Announces Additional Section 301 Tariff Exclusions for Certain Imported Chinese Products on List 3
The Office of the U.S. Trade Representative (USTR) has announced additional Section 301 tariff exclusions for certain imported Chinese products appearing on List 3. These products have been subject to Section 301 tariffs since September 24, 2018, when President Donald Trump announced additional import duties on Chinese goods with an annual trade value of approximately…
USTR Considering Additional Tariffs on EU in Ongoing WTO Large Civil Aircraft Subsidy Dispute
The Office of the U.S. Trade Representative (USTR) has prepared a Federal Register notice seeking public comment on potential enforcement of U.S. retaliatory rights in the long-running World Trade Organization (WTO) dispute between the United States and the European Union (EU) over EU subsidies for large civil aircraft manufacturers. This action stems from an October…
United States Weighing Additional Tariffs in Ongoing WTO Dispute Over EU Airbus Subsidies
In the continuing, long-running trade dispute between the United States and the European Union (EU) over aircraft subsidies, the World Trade Organization (WTO) on December 2, 2019, again ruled that the EU, despite earlier decisions instructing the EU to remove or alter its aircraft subsidies, has continued to provide support for the Airbus A350 and…
USTR Announces Additional Section 301 Tariff Exclusions for Certain Imported Chinese Products on List 3
The Office of the U.S. Trade Representative (USTR) has announced additional Section 301 tariff exclusions for certain imported Chinese products appearing on List 3. These products have been subject to Section 301 tariffs since September 24, 2018, when President Donald Trump announced additional import duties on Chinese goods with an annual trade value of approximately…
