Following the EU’s existing embargo on Russian crude oil and petroleum products, the European Commission has proposed, and the Council has now agreed in principle, a complementary Regulation designed to end the remaining inflows of Russian natural gas into the Union. The measure gives legal effect to the Commission’s May 2025 Roadmap towards ending Russian
CFIUS annual report for 2024: Key takeaways
On August 6, 2025, the Committee on Foreign Investment in the United States (CFIUS) released its annual report to Congress for calendar year 2024. This annual publication includes the 325 covered transactions—consisting of 209 written notices and 116 declarations—that were filed for CFIUS’s review last year.
CFIUS is an interagency committee authorized to review
U.S. Moves to Ban Foreign Adversary Purchases or Control of Farmland and Launches National Farm Security Action Plan
On July 8, 2025, the U.S. Department of Agriculture (USDA) announced the National Farm Security Action Plan (Action Plan), a sweeping initiative to protect American agriculture as a matter of national security. Among its most consequential provisions are forthcoming restrictions on foreign adversaries (e.g., China) from purchasing or controlling U.S. farmland. Highlights of the Action
BIS plans to rescind Biden-era AI diffusion rule; imposes other controls on AI chips
On May 13, 2025, the Bureau of Industry and Security (BIS) announced its intent to rescind the Biden administration’s Framework for Artificial Intelligence Diffusion (AI Diffusion Rule) that is scheduled to go into effect on May 15. BIS will publish a Federal Register notice formalizing its decision. In the meantime, Under Secretary of Commerce for
Trump 2.0 – Tenth-Day digest for ASEAN and China
In recent weeks, the global trade landscape has been significantly impacted by U.S. President Donald Trump’s “Liberation Day” tariffs, which have targeted numerous countries, including those in the Association of Southeast Asian Nations (ASEAN) and China. Each country has reacted differently based on its economic relationship with the U.S., local industry concerns, and geopolitical considerations.
U.S. and China in tariff tit for tat; Canadian and Mexican tariffs delayed
Update: On February 1, 2025, President Trump signed three executive orders imposing U.S. tariffs on imports from Canada, China, and Mexico. These new tariffs are in addition to any already-existing duties and tariffs, including antidumping and countervailing duties, Section 232 tariffs on steel and aluminum imports, and Section 301 tariffs on Chinese-origin
U.S. imposes tariffs on Canada, China, and Mexico; retaliation promised
- U.S. imposes tariffs
Navigating the FY 2025 NDAA: Impact on U.S. government contracting
On December 23, 2024, President Biden signed The National Defense Authorization Act (NDAA) for Fiscal Year 2025 (P.L. 118-159) into law. The legislation authorizes $895.2 billion in funding for Department of Defense (DoD) and Department of Energy (DOE) national security programs. Beyond authorizing spending and setting other priorities, NDAA introduces a range of provisions –
Trump 2.0: Tariffs and China to take center stage
On November 5, 2024, the United States elected former President Donald Trump to become its 47th president. Following Trump’s re-election, and with Republicans gaining control Congress, U.S. trade policy is expected to undergo several significant changes based on Trump’s previous administration and his campaign promises.
In a recent blog post, our trade team outlines
Treasury expands CFIUS’s real estate jurisdiction
On November 1, 2024, the U.S. Department of the Treasury issued a final rule to expand the Committee on Foreign Investment in the United States’ (CFIUS) jurisdiction over certain transactions by foreign persons involving real estate in the United States (Final Rule). The Final Rule introduces significant changes, including:
1. Expansion of CFIUS’s jurisdiction over