Trade and Manufacturing Monitor
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…
Build America Buy America: Strong Domestic Procurement Provisions in Infrastructure Bill Signal Increased Commitment to U.S. Manufactured Goods
The historic infrastructure bill, now approved by the U.S. Congress and pending President Biden’s signature, includes broad policy provisions designed to improve governmental sourcing from U.S. manufacturing sectors.…
New E.O. Revokes TikTok and WeChat Prohibitions, But Lays Framework for New Restrictions
Yesterday, President Biden signed an Executive Order (“E.O.”) that formally revokes and replaces three earlier E.O.s that aimed to restrict transactions with TikTok, WeChat, and other communications and Fintech…