Trade and Manufacturing Monitor
New Venezuela Sanctions Announced; Future Sanctions Against Venezuelan Oil Threatened
Yesterday , the President issued a new Executive Order (E.O.) prohibiting certain financial transactions involving the Venezuelan government, including Petroleos de Venezuela, S.A. (PdVSA), the state-owned oil…
DDTC and BIS Propose New Rules to Continue Export Control Reform Initiative
As part of the ongoing Export Control Reform initiative, the Directorate of Defense Trade Controls (“DDTC”) and Bureau of Industry and Security (“BIS”) has issued proposed rules that would move certain items currently…
The EU & Russia Move Forward with “Blocking Statutes” in Response to U.S. Exit from Iran Nuclear Deal
Today, the EC announced that it is moving forward with a package of measures to blunt the impact of renewed U.S. sanctions on Iran following the U.S. exit from the Joint Comprehensive Plan of Action ( JCPOA ). Included…
CIT Overturns CBP: Pets are not “Items or Personal Effects”
The United States Court of International Trade recently overturned a U.S. Customs and Border Protection (CBP) denial of a protest, in which Quaker Pet Group, LLC contested CBP’s classification of its pet carriers. The…
The United States will withdraw from the Iran nuclear deal and fully re-impose nuclear sanctions on Iran within 180 days.
On Tuesday President Trump announced that the United States will exit the multilateral Iran nuclear deal and fully re-impose sanctions on Iran. After the announcement, the Office of Foreign Assets Control (OFAC),…