Trade and Manufacturing Monitor
Department of Commerce Removes UAE from Boycott List
Last week, the U.S. Department of Commerce removed the United Arab Emirates (“UAE”) from its list of countries boycotting Israel in response to the formal termination of the UAE’s participation in the Arab League…
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…
Biden-Harris Administration Releases Report and Recommendations Concerning America’s Supply Chains
Yesterday morning, June 8, 2021, the Biden-Harris administration released a report including factual findings and recommendations concerning four critical supply chains. The full 250-page report is available here and a…
New Executive Order Targets Investments in Chinese Surveillance and Military Companies
Today, President Biden issued an Executive Order expanding U.S. restrictions on dealings in the publicly traded securities of Chinese companies. Today’s move amends Executive Order 13959 to prohibit U.S. persons from…
OFAC Targets Corruption In Bulgaria With Designation of Influential Individuals and Companies
Yesterday, the Office of Foreign Assets Control (“OFAC”) announced sanctions against three prominent Bulgarian individuals and 64 related companies for corruption. The designations are the largest action in the history…