Trade and Manufacturing Monitor
Understanding the New Section 122 Tariffs and the End of IEEPA Tariff Actions
On Friday evening, in response to the Supreme Court decision (see our earlier advisory ), President Trump issued three legally binding actions, including the removal of the existing IEEPA tariffs and the imposition of…
U.S. Signs Trade Deals with Taiwan and Indonesia
Last week and today, the U.S. issued text of Agreement on Reciprocal Trade (“ART”) with Taiwan and Indonesia, respectively. Taiwan Indonesia Text Text Tariff Schedule Tariff Schedule Fact Sheet Fact…
New OFAC General Licenses Related to Venezuela’s Oil and Gas Industry
As of February 19, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued several new General Licenses (collectively “the Licenses”) to help reopen and develop Venezuela’s oil…
OFAC Authorizes Transactions Involving Venezuelan Origin Oil: What Companies Need to Know
On Thursday, January 29, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new general license, General License NO. 46 (the License), “Authorizing Certain Activities Involving…
CIT Signals Intent to Announce Future Procedures for IEEPA-Related Litigation
We continue to watch closely for a pronouncement from the U.S. Supreme Court on the lawfulness of the fentanyl trafficking-related and global reciprocal tariffs imposed under the International Emergency Economic Powers…