Trade and Manufacturing Monitor
President Issues Executive Orders Targeting TikTok and WeChat
Last Thursday, the President issued two executive orders (“E.O.s”) targeting social media applications TikTok (and its parent company, ByteDance) and WeChat (and its parent company, Tencent Holdings). The E.O.s direct…
OFAC announces first Hong Kong sanctions designations
On Friday, OFAC issued its first designations under the new Hong Kong sanctions program imposed by E.O. 13936 . OFAC added 11 current and former Hong Kong government officials, including Carrie Lam, Hong Kong’s Chief…
China and Hong Kong Developments: Sanctions, Export Controls, and Supply Chain Risks
Over the last month, the United States has taken a variety of steps to increase pressure on China in response to the imposition of China’s National Security Law in Hong Kong and alleged human rights abuses in Xinjiang.…
U.S. Warns that Nord Stream 2 and second line of TurkStream are now in scope for U.S. secondary sanctions
Today the U.S. State Department published updated guidance indicating that significant transactions related to Nord Stream 2 and the second line of TukStream may be subject to U.S. secondary sanctions penalties under…
U.S. Targets French Luxury and Beauty Imports in Response to Digital Tax – 25% Tariffs on $1.3 Billion in French Imports Proposed
On July 10, USTR published a notice of action in the Section 301 investigation of France’s digital services tax announcing the imposition of additional 25 percent duties on certain products from France covering an…