Trade and Manufacturing Monitor
OFAC Sanctions Two Military Holding Companies With Large Influence Over Burmese Economy
Today, the U.S. Department of the Treasury’s Office of Foreign Asset Control (“OFAC”) further escalated sanctions on Burma by adding two large Burmese military holding companies to its List of Specially Designated…
Recent OFAC Settlement Highlights Due Diligence Expectations When Selling to Intermediaries
Last week, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with UniControl, Inc. (UniControl or "the company”) for shipping goods to European trading partners when UniControl knew or should…
Biden Administration to Evaluate Critical U.S. Supply Chains for Resiliency
On February 24, 2021, President Biden issued Executive Order 14017 (“EO 14017”) establishing a wide-ranging evaluation of America’s supply chains that will take place over the next twelve months. The assessment will…
USTR Extends Tariff Exclusions for Products from China Needed to Combat COVID-19
On March 10, 2021, the United States Trade Representative (USTR) published an extension of the COVID-19 related medical-care and response product exclusions from Section 301 duties covering imports from China. The…
U.S. Importers Should Reevaluate “First Sale” Customs Programs
On March 1, 2021, the U.S. Court of International Trade (CIT) issued a decision with important ramifications for any company that uses “first sale” to reduce customs duty liability for goods imported into the United…