Trade and Manufacturing Monitor
Biden Administration Invokes DPA to Advance Clean Energy Goals
On Monday, June 6, 2022, President Biden invoked the Defense Production Act of 1950 (“DPA”) with the intent to accelerate domestic manufacturing in the renewable energy sector. In addition to furthering the…
President Biden Issues Directive to Boost Critical Mineral Production
Last week, President Biden invoked the Defense Production Act (“DPA”) to expand domestic production of certain critical minerals involved in the manufacture of large capacity batteries. The five minerals specifically…
WEBINAR: Hot Market / Cold War: Is China Your Best Customer or Your Biggest Threat?
Please join us for a Kelley Drye Webinar on March 29th. " Hot Market/Cold War: Is China Your Best Customer or Your Biggest Threat? " will feature a one-hour discussion between Kelley Drye International Trade and…
Biden Administration Releases Six American Manufacturing and Supply Chain Reports
On February 24, 2022, the Biden Administration announced the release of six executive-branch reports and a White House “capstone” report pursuant to Executive Order (EO) 14017 on America’s Supply Chains (February 24,…
Hong Kong Company Pays $5M Fine After Employees Buy and Sell Iranian-Origin Goods Using U.S. Dollars
Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced a $5,228,298 settlement agreement with Sojitz (Hong Kong) Limited (Sojitz HK) for causing U.S. financial institutions to process…