Trade and Manufacturing Monitor
Trump Waives Secondary Sanctions on Iran, But Vows Not to do so Again Without Changes to the JCPOA
Last week the President begrudgingly extended waivers continuing to lift U.S. “secondary sanctions” on Iran. But the President also insisted that he will not issue further extensions without a renegotiation of certain…
Commerce Department Completes Section 232 Probe Into Steel Imports But Stays Mum on the Findings
Yesterday evening the Commerce Department sent to the White House its findings in the Section 232 national security investigation on steel imports. The much anticipated report was originally due to be issued last year,…
U.S. Implements Global Magnitsky Sanctions Targeting Corruption and Human Rights Abuses Worldwide
On December 20, 2017, the President issued Executive Order 13818 implementing new sanctions against human rights abusers and persons involved in corruption pursuant to the Global Magnitsky Human Rights Accountability…
China to Encourage Even More Steel Exports
Late last week, the Government of China announced that it would be removing export taxes on many steel products, including wire, rods, bars, billets, and stainless steel plate, as of January 1, 2018. The move is part…
Distributor danger: OFAC case highlights sanctions liability for bad acts by distributors and foreign subsidiaries
Many companies supply goods and services through third party distributors. When well-structured, the use of distributors can shift some of the cost and compliance risk of selling products outside of your home…