Trade and Manufacturing Monitor
U.S. Temporarily Eases Sanctions Against Venezuelan Energy, Gold
On October 18, the Treasury Department’s Office of Foreign Assets Control (OFAC) eased U.S. sanctions on dealings with Venezuela’s gold and oil and gas sectors by issuing and amending several general licenses.…
White House Issues Executive Order on Outbound Investment Screening
On August 9, 2023, the White House issued Executive Order 14105 (“EO”) to address the national security threat posed by outbound investment in certain countries of concern that seek to develop and exploit sensitive or…
USITC Releases First Biennial Report on Economic Impact and Operation of USMCA Automotive Rules of Origin
On June 30, 2023, the U.S. International Trade Commission (ITC) released its first report on the economic impact of the United States-Mexico-Canada (USMCA) automotive rules of origin. Rules of origin (ROOs) are used to…
Senate Bill Proposes to Curb Export Licenses and Impose “Flow Down” Entity List Restrictions
On June 22, 2023, Senators Rubio (R-FL) and Wicker (R-MS) – the top Republicans on the Select Committee on Intelligence and the Armed Services Committee, respectively – introduced S. 2170, the Depriving Enemy Nations…
United States and India Announce Agreement Resolving Certain Trade Disputes
On June 22, 2023, shortly before the start of President Biden’s state dinner at the White House in honor of Indian Prime Minister Modi’s visit to Washington, U.S. Trade Representative Katherine Tai announced an…