Trade and Manufacturing Monitor
OFAC Formally Rescinds General License H – Foreign Subsidiaries of U.S. Companies Must Withdraw from Iran
Yesterday the Office of Foreign Assets Control (OFAC) formally rescinded General License H, requiring foreign subsidiaries of U.S. companies to wind down remaining business related to Iran by 11:59 pm EST on November…
New Bonds Needed for Importers of Products on the Section 301 List
With the Section 301 25% duties on imports of Chinese made products set to go into effect on July 6, 2018, importers should be aware that they may need to increase their bond amounts. Bonds are based on value and duty…
President Trump Targets Chinese Investments in the United States
On Wednesday, President Trump issued a statement in support of restrictions on Chinese investment in the United States in firms with critical technologies, and in greater protection of those technologies through…
BREXIT UPDATE: European Commission Warns Importers and Exporters of Goods with Possible UK Origin
On 4 June, the European Commission advised economic operators to prepare for the consequences of the United Kingdom leaving the European Union on their imports and exports. Following the UK’s withdrawal, UK inputs,…
Russia Adopts New Counter-Sanctions Law
On June 4, 2018, Russian President Vladimir Putin signed into law new counter-sanctions in response to U.S. sanctions imposed against Russia on April 6, 2018. Under the new law, Putin may, among other things, sever…