Trade and Manufacturing Monitor
U.S. Proposes Framework for Transition and Lifting of Venezuela Sanctions
Elliott Abrams, the U.S. Special Representative for Venezuela, announced a plan to lift sanctions on Venezuela should the Maduro regime step aside to permit a transitional government to be elected until full elections…
USTR Considers Removal of 301 Duties on COVID-19-Related Medical Care Products
In response to the COVID-19 outbreak, USTR issued a Federal Register Notice requesting public comments on the possibility of removing the application of China Section 301 duties from medical care products, including…
Do Manufacturers Have to Report All Iranian Sales Inquiries to OFAC or Only Those They Have Formally Rejected?
Treasury Issues New Guidance Regarding June 21, 2019 Amendment to the Reporting, Procedures, and Penalties Regulations (“RPPR”) In late February, the U.S. Department of Treasury’s Office of Foreign Assets Control…
CFIUS Proposes to Collect Filing Fees for Certain Transactions
On March 9, the Department of the Treasury published in the Federal Register a proposed rule to allow the Committee on Foreign Investment in the United States (“CFIUS”) to collect filing fees for certain notified…
President Declines to Impose National Security Duties on Imports of Titanium Sponge
On February 27, 2020, President Trump announced that he would not impose duties on imports of titanium sponge pursuant to his authority under Section 232 of the Trade Expansion Act of 1962, a statute that allows for…