On Friday, May 17, President Donald J. Trump issued a proclamation directing the United States Trade Representative (USTR) to negotiate trade agreements to address the national security threat posed by imports of foreign automobiles and certain automotive parts. The proclamation provides for 180 days of negotiations, delaying the decision on whether to impose import restrictions
Trump Administration
Trump Administration Considering Using IEEPA to Block Chinese Acquisitions
By Kelley Drye on
According to Bloomberg, the Trump administration is considering using the International Emergency Economic Powers Act (IEEPA) to block Chinese investments in industries or technologies “deemed important” to the U.S. (This statute has been used primarily to authorize economic sanctions and embargoes administered by the Office of Foreign Assets Control). To utilize IEEPA, the President…