Trade and Manufacturing Monitor
USITC Finalizes Modifications to Harmonized Tariff Schedule - Changes Will Impact Classification of Over 350 Products
The United States International Trade Commission (“USITC”) has finalized recommended modifications to the Harmonized Tariff Schedule of the United States (“HTSUS”). The revisions, which are set to go into effect on…
U.S. Companies Must Wind Down Transactions with Sanctioned Belarusian State-Owned Enterprises By June 3rd
The Office of Foreign Assets Control (“OFAC”) recently tightened sanctions on Belarus by revoking and replacing General License 2G with General License 2H. General License 2H now requires U.S. persons to wind down…
Over $8 Million in Fines - SAP Case Highlights Sanctions Risks and Compliance Expectations for Cloud Providers and Software Companies
Last week, three U.S. agencies – the Office of Foreign Assets Control (“OFAC”), the U.S. Department of Commerce (“Commerce”), and the U.S. Department of Justice (“DOJ”) – announced the global resolution of apparent…
USDA Seeking Comments in Connection With Biden Administration’s Supply Chain Review
The United States Department of Agriculture (“USDA”) is now seeking comments from the public in connection with the Biden administration’s wide-ranging review of America’s supply chains. USDA’s request is the first to…
U.S. imposes new sanctions on Russia targeting sovereign debt, tech companies, and Crimea
Today, the United States announced new sanctions on Russia in response to a widespread hacking campaign targeting the United States, alleged interference in U.S. elections, and other “malign” actions carried out by the…