An alert was issued by the U.S. Office of Foreign Assets Control (OFAC) on April 17 warning about the potential evasion of the Russian-origin oil price cap. The alert came after OFAC had received reports that oil exported from the Eastern Siberia Pacific (ESPO) pipeline or ports on Russia’s eastern coast was trading above the
The Court of International Trade continues to focus in on issues relating to Chinese-origin goods and on March 17 upheld the Section 301 tariffs on Chinese-origin goods identified on List 3 and List 4A. This decision comes despite the plaintiffs in In re Section 301 Cases arguing that the U.S. Trade Representative (USTR) violated the
The U.S Department of Commerce recently released the first of three expected Notices of Funding Opportunities under the CHIPS and Science Act of 2022. This act aims to develop the domestic semiconductor supply chain, provide jobs, restore the country’s leadership in semiconductor manufacturing, and advance U.S. national and economic security.
In our latest alert, found on reedsmith.com
A Tri-Seal Compliance Note (“Note”) has been released by the Department of Commerce, Department of Treasury, and Department of Justice to assist businesses in identifying warning signs and implementing appropriate compliance measures to ensure cooperation with Russian-related sanctions and export controls. One of the most common sanction evasion tactics highlighted in the Note is the
G7 leaders have announced new economic commitments designed to hold Russia accountable for its war against Ukraine. We discuss these commitments and provide an overview of the latest sanctions imposed on Russia by the United States, European Union, and United Kingdom in our recent alert on reedsmith.com.
The Department of Justice (DOJ) and the Department of Commerce announced the creation of a joint Disruptive Technology Strike Force on February 16, 2023. The strike force will be co-led by the assistant attorney general for the DOJ’s National Security Division and the assistant secretary for export enforcement at the Bureau of Industry and Security.
The Bureau of Industry and Security (BIS) has implemented new, unilateral export controls to restrict China’s ability to manufacture advanced semiconductors, obtain high-performance chips, and develop and maintain supercomputers.
Continue Reading China’s access to semiconductors and high-performance chips restricted by BIS
The USTR issued a notice in the Federal Register requesting public comments on the effectiveness of the tariffs in achieving the objectives of Section 301, other actions that could be taken, and the effects of such actions on the United States economy, including consumers.
Continue Reading Opportunity for companies to request modifications on USTR’s Section 301 tariffs
The Committee on Foreign Investment in the United States (CFIUS or the Committee) released its first-ever enforcement and penalty guidelines.
Continue Reading What you should know: CFIUS penalty guidelines make cross-border transactions more complex
The Forced Labor Enforcement Task Force (FLETF), chaired by the U.S. Department of Homeland Security, published its Uyghur Forced Labor Prevention Act (UFLPA) enforcement strategy on June 17, 2022. We provide a useful overview of the FLETF’s enforcement strategy and pinpoint key takeaways for importers in our alert on reedsmith.com.