Today, the United States, in coordination with other G7 countries, announced new sanctions, export controls, and import restrictions on Russia. The latest U.S. package of measures include sanctions targeting Russia’s defense sector, Entity List designations, increased tariffs on a broad range of Russian goods, and an import ban on Russian gold.
New Sanctions
Various U.S.
Last week, President Biden invoked the Defense Production Act (“DPA”) to expand domestic production of certain critical minerals involved in the manufacture of large capacity batteries. The five minerals specifically identified in the President’s memorandum are lithium, nickel, cobalt, graphite, and manganese.
The DPA allows the President to expedite and expand the supply of materials
Last week, the U.S. Department of Commerce and Office of the U.S. Trade Representative (“USTR”) each requested comments on negotiating objectives for the Biden administration’s proposed Indo-Pacific Economic Framework (“IPEF”). For businesses with economic interests in the region, this is an excellent opportunity to connect with the agencies responsible for negotiations.
By way of background,
In coordination with the European Union and G7 countries, the United States announced a raft of new sanctions and trade control measures targeting Russia today in response to the ongoing war in Ukraine. The new measures include:
On February 24, 2022, the Biden Administration announced the release of six executive-branch reports and a White House “capstone” report pursuant to Executive Order (EO) 14017 on America’s Supply Chains (February 24, 2021), which established a policy of pursuing more resilient, diverse, and secure American supply chains. These reports culminated year-long sectoral assessments of the
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 White House fact sheet summarizing key findings and recommendations is available here.
The report stems from President Biden’s Executive Order 14017 (“EO 14017”), which
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 January 1, 2022, conform the HTSUS with World Customs Organization (“WCO”) amendments to the Harmonized System commodity codes. A detailed report of all changes
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 address the administration’s year-long sectoral supply chain evaluations – in this case agricultural commodities and food products.
Several agencies have already requested comments
Last Friday, the Office of the United States Trade Representative (“USTR”) issued lists of products from six countries that may be subject to additional 25 percent tariffs. The proposed product lists identified by USTR are designed to offset digital services taxes (“DST”)[1] imposed by Austria, India, Italy, Spain, Turkey and the United Kingdom, and
As discussed earlier this month here, 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. This post provides updates with respect to two of the 100-day supply-chain specific reviews.
As previously reported, the Commerce Department’s Bureau of Industry
