Trade and Manufacturing Monitor
U.S. Blacklists the President of Venezuela as a Specially Designated National (SDN)
Today the U.S. Office of Foreign Assets Control (OFAC) took the unusual step of blacklisting the leader of a foreign country as a Specially Designated National (SDN). OFAC added Nicolas Maduro, the President of…
Congress Passes Landmark Russia Sanctions
Last night the U.S. Senate passed sweeping sanctions on Russia, Iran, and North Korea by a vote of 98-2. The Countering America’s Adversaries Through Sanctions Act (the Act) contains important changes to U.S. sectoral…
Siemens Cracks Down on Russian Sanctions Evasion
Siemens, a German corporation, has announced that it will no longer deliver power plant equipment to state-controlled firms in Russia after it claimed to discover that Siemens’ Russian customer, Technopromexport, had…
Congress Weighs-In on New MTB Process In Advance of Final ITC Report
Congressional trade committee leaders submitted comments for the ITC to consider in its final Miscellaneous Tariff Bill report due for release in August. House Ways and Means Chairman Kevin Brady and Raking Member…
Combating Evasion of Duties Front and Center
Last year, President Obama signed into law the Trade Facilitation and Trade Enforcement Act of 2015 (“TFTEA”). Section 421 of the TFTEA (commonly called the Enforce and Protect Act, or EAPA), establishes procedures for…