Trade and Manufacturing Monitor
Treasury Issues Proposed Rules on Outbound Investments to China and Solicits Comments
On June 21, 2024, the Treasury Department issued a Notice of Proposed Rulemaking (NPRM) setting out draft rules for regulating certain outbound U.S. investments. The NPRM incorporates feedback received by the Treasury…
United States Expands Sanctions and Export Controls on Russia, Broadly Targeting Software Services, the Military-Industrial Base, and Procurement Networks Abroad
On June 12, 2024, the U.S. Departments of Treasury, Commerce, and State announced sweeping new sanctions and export control measures on Russia aimed at further restricting certain software and related services,…
USTR Opens Comment Process Concerning Modifications to Section 301 Tariffs on Imports from China
As of May 29, 2024, the Office of the United State Trade Representative (“USTR”) is welcoming online submission of comments concerning the agency’s recently proposed modifications to Section 301 tariffs covering a…
OFAC Amends Cuban Assets Control Regulations to Promote Internet Freedom and Cuban Private Sector
This blog post was written with assistance from Sean C. Church, Paralegal. On Tuesday, May 28, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control…
Mexico prevails in first USMCA RRM panel decision: What happened and what could happen next?
What happened? On May 13, 2024, the United States-Mexico-Canada Agreement (USMCA) Rapid Response Labor Mechanism (RRM) panel decision in the San Martin mine case was published . The panel decision – dated April 26 –…