Trade and Manufacturing Monitor
A Look at The $1.2T Infrastructure Package
After months of deliberation, the U.S. Congress has passed the $1.2T Infrastructure Investment and Jobs Act, which will deliver $550 billion of new federal investments in America's infrastructure over five years. The…
OFAC Puts Virtual Currency Industry on Notice, Highlights Best Practices for Digital Commerce
On October 15, 2021, the Office of Foreign Assets Control (OFAC) issued an advisory providing sanctions compliance guidance for the virtual currency industry (Guidance). The Guidance follows a series of recent…
United States Reaches Deal with Austria, France, Italy, Spain, and the United Kingdom to Avoid Section 301 Duties
Today, the Office of the U.S. Trade Representative (USTR) announced an agreement reached with five countries – Austria, France, Italy, Spain, and the United Kingdom – on digital services tax (DST) measures that had…
Treasury Announces A More Tailored Approach to U.S. Sanctions Policy
Yesterday, the Biden Administration released the results of a broad review of U.S. economic sanctions policy following two decades of expanding use of sanctions as a foreign policy tool. The report recognizes that U.S.…
USTR Proposes Section 301 Tariff Exclusion Renewal (Spreadsheet Attached)
On Monday, October 4, U.S. Trade Representative Katherine Tai delivered a long anticipated speech framing the Biden Administration’s trade policy toward China. Among the announcements made were that (1) a Section 301…