Trade and Manufacturing Monitor
President Trump Suspends Preferential Trade Treatment for Thailand
On Friday, October 25 th, the Office of the U.S. Trade Representative (USTR) announced that the United States will be suspending certain benefits for imports from Thailand under the United States’ Generalized System…
The United States lifts sanctions on Turkey for now
After an announcement from the President today, OFAC removed the Turkish Ministry of Energy and Natural Resources, the Ministry of National Defense, and the ministers of Defense, Energy and Natural Resources, and…
USTR Announces Section 301 Exclusion Process for List 4A Products
On October 18, the United States Trade Representative announced an exclusion process for products included on China Section 301 List 4A, which covers $300 billion of imports. Imported products on this list are…
U.S. Extends General License No. 2 Authorizing Transactions with Certain Belarusian Companies
On October 22, 2019, the Office of Foreign Assets Control (OFAC) issued General License No. 2G authorizing U.S. persons to engage in transactions involving nine companies: Belarusian Oil Trade House, Belneftekhim,…
U.S. Extends General License No. 8, Authorizing Dealings with Certain U.S. JVs in Venezuela
Yesterday, the Office of Foreign Assets Control (OFAC) issued General License No. 8D, authorizing U.S. persons to engage in transactions and activities involving Petroleos de Venezuela, S.A. (PdVSA) that are…