On June 27, 2022, President Joseph Biden issued a Presidential Proclamation announcing that the United States was increasing the duty rate to 35% ad valorem on certain products from Russia effective July 28, 2022. The White House indicated that this higher tariff will affect “more than 570 groups of Russian products worth approximately $2.3 billion”;
Uyghur Forced Labor Prevention Act Effective June 21; DHS and CBP Issue Highly Anticipated Guidance for Importers
Key Notes:
- Effective June 21, 2022, the Uyghur Forced Labor Prevention Act (UFLPA) establishes a rebuttable presumption that all goods produced, mined or manufactured in the Xinjiang region of China or by certain entities designated to the UFLPA Entity List are produced with forced labor and prohibited from entry into the United States.
- The prohibition
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Ocean Shipping Reform Act Addresses Supply Chain Challenges and Carrier Shipping Practices
OFAC Extends Russia-Related General License No. 8 Regarding Transactions Related To Energy
By Scott E. Diamond** on
On June 14, 2022, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued amended Russia-related General License No. 8C extending the authorization to conduct transactions involving the Central Bank of Russia and certain Russian banks that are related to energy until December 5, 2022. The original General License No. 8, issued on…
Federal Circuit Dismisses Broad Challenge to Section 232 Tariffs
By Scott E. Diamond** & David M. Schwartz on
In a June 9, 2022 opinion, the U.S. Court of Appeals for the Federal Circuit (Federal Circuit or CAFC) upheld the decision by the U.S. Court of International Trade (CIT) dismissing Universal Steel Products Holding’s challenge to Section 232 tariffs that the Trump administration placed on steel imports. The plaintiffs had earlier challenged both…
Declaring an Emergency, President Biden Exempts Certain Solar Cell Imports from Duties for 24 Months and Invokes DPA to Accelerate Domestic Production
By Scott E. Diamond** & David M. Schwartz on
On June 6, 2022, President Joseph Biden announced that he was declaring an emergency “with respect to the threats to the availability of sufficient electricity generation capacity to meet expected customer demand” in the United States. Announcing that a “robust and reliable electric power system” is critical to national security and national defense, the president…
BIS Adds 71 Russian and Belarusian Companies to Entity List
On June 2, 2022, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a Final Rule adding 71 entities located in Russia and Belarus to the Entity List in further response to Russia’s invasion of Ukraine. These entities have been determined by the U.S. government to be acting contrary to the national security…
OFAC Designates Additional Russian Entities and Persons and Issues Russia-Related General Licenses
On June 2, 2022, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated and blocked numerous additional Russian and related entities that are “key networks” relied upon by President Vladimir Putin and other Russian elites “to attempt to hide and move money and anonymously make use of luxury assets around the globe.”…
USTR Announces U.S.-Taiwan Trade Initiative
By Scott E. Diamond** & David M. Schwartz on
On June 1, 2022, the Office of the U.S. Trade Representative (USTR) announced the U.S.-Taiwan Initiative on 21st-Century Trade, which is “intended to develop concrete ways to deepen the economic and trade relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses.” Under…
BIS Issues Rule for Congressional Notification of Exports of Certain Semiautomatic Firearms
On June 1, 2022, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a Final Rule amending the Export Administration Regulations (EAR) to adopt a congressional notification requirement for license applications of semiautomatic firearms meeting certain requirements. This final rule is effective on July 18, 2022.
This Final Rule adds a new section…