On February 15, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) published an initial set of regulations to implement sanctions targeting investments in Chinese Military-Industrial Complex...more
On June 3, 2021, President Biden issued an Executive Order to modify sanctions initially imposed by former President Trump regarding investments in Chinese companies with alleged ties to the Chinese military. The new...more
On December 28, 2020, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) released guidance on the implementation of sanctions targeting securities of Communist Chinese military companies (“CCMCs”) imposed...more
President Trump issued an Executive Order on November 12, 2020 that will prohibit U.S. persons from investing in publicly traded securities of certain companies determined to be affiliated with China’s military. Executive...more
11/16/2020
/ Biden Administration ,
China ,
Executive Orders ,
Foreign Policy ,
Foreign Relations ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Publicly-Traded Companies ,
Securities Transactions ,
Trump Administration
Key Takeaways -
- On July 31, 2020, the U.S. Treasury Department, as chair of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), published its Annual Report to Congress on all notices...more
8/7/2020
/ Annual Reports ,
CFIUS ,
China ,
Congressional Reports ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
FIRRMA ,
Foreign Acquisitions ,
Foreign Investment ,
Global Dealmaking ,
Japan ,
National Security ,
National Security Review Proceedings
The U.S.-China trade war continues to escalate, most recently fueled by U.S. concerns over China’s assertion of increasing authority over Hong Kong. The U.S. and Chinese governments have exchanged jabs through the use of...more
7/17/2020
/ CFIUS ,
China ,
Criminal Prosecution ,
Economic Sanctions ,
Exceptions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Free Speech ,
Free Trade Agreements ,
Freedom of the Press ,
Hong Kong ,
Hong Kong Autonomy Act (HKAA) ,
Human Rights ,
Open General Export Licences (OGELs) ,
Popular ,
Revocation ,
Right to Peaceful Assembly ,
SDN List ,
Section 301 ,
Tariffs ,
Technology Sector ,
Trade Act of 1974 ,
Trade Policy ,
Trade Wars ,
Travel Ban ,
Trump Administration ,
United States
On April 28, 2020, the Commerce Department’s Bureau of Industry and Security (“BIS”) published two final rules and one proposed rule targeting national security controlled exports and reexports to China, Russia, and...more
4/30/2020
/ Bureau of Industry and Security (BIS) ,
China ,
Commerce Control List ,
ECCNs ,
End-Users ,
Exemptions ,
Export Controls ,
Exports ,
Final Rules ,
Licensing Rules ,
Military End Use ,
National Security ,
Reporting Requirements ,
Russia ,
U.S. Commerce Department ,
US Trade Policies ,
Venezuela
On January 15, 2020, U.S. President Trump and Chinese Vice Premier Liu He signed a Phase 1 trade deal between the countries. The agreement includes a pledge from China to increase its imports of U.S. goods and services by...more
1/17/2020
/ Agricultural Sector ,
Anti-Dumping Duty ,
CFIUS ,
China ,
Counterfeit Goods Regulation ,
Countervailing Duties ,
Dispute Resolution ,
Exports ,
Financial Services Industry ,
Foreign Direct Investment ,
Goods or Services ,
Imports ,
Intellectual Property Protection ,
Pharmaceutical Patents ,
Subsidies ,
Tariffs ,
Technology Transfer Agreements ,
Trade Agreements ,
Trade Negotiations ,
Trade Secrets ,
Trade Wars ,
Trademarks ,
Trump Administration ,
United States ,
WTO
Throughout his presidency, President Trump has used tariffs – and the threat of tariffs – to address an unprecedented variety of economic and national security threats. As if to underscore the point, on December 2, 2019, the...more
12/5/2019
/ Agricultural Sector ,
Aluminum Sales ,
Argentina ,
Brazil ,
China ,
Countervailing Duties ,
Country of Origin ,
Customs and Border Protection ,
Digital Services Tax ,
Duties ,
Exports ,
Foreign Trade Regulations ,
Foreign Trade Zones ,
France ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
Manufacturers ,
Mexico ,
Requests for Exclusion ,
Risk Assessment ,
Risk Management ,
Secretary of Commerce ,
Section 232 ,
Section 301 ,
Steel Industry ,
Supply Chain ,
Tariff Classifications ,
Tariffs ,
Trade Act of 1974 ,
Trade Expansion Act of 1962 ,
Trade Wars ,
Trump Administration ,
US Trade Policies ,
USTR ,
WTO
On December 1, 2018, acting at the request of the United States, Canadian authorities arrested a senior officer of Huawei Technologies Co. (“Huawei”), the Chinese telecommunications equipment and consumer electronics device...more
12/12/2018
/ Arrest ,
China ,
Criminal Investigations ,
Export Controls ,
Financial Institutions ,
Financial Transactions ,
Hong Kong ,
HSBC ,
Iran Sanctions ,
Sanction Violations ,
Supply Chain ,
Tariffs ,
Trade Relations ,
US Trade Policies
The United States put into effect new tariffs on July 6, 2018, on roughly US$34 billion in Chinese products. In response, the Chinese government instituted retaliatory tariffs on a comparable quantity of U.S. products....more
7/6/2018
/ Automotive Industry ,
Canada ,
China ,
EU ,
Exports ,
Imports ,
Intellectual Property Protection ,
Mexico ,
Tariffs ,
Technology Sector ,
Trump Administration ,
U.S. Commerce Department ,
USTR
The U.S. Trade Representative (USTR) announced 25% tariffs on Chinese goods on June 15, targeting industrial goods that amount to roughly US$34 billion in annual exports to the United States, with a review underway for an...more
6/18/2018
/ Aluminum Sales ,
Canada ,
China ,
Classifications of Goods ,
Country of Origin ,
Customs and Border Protection ,
EU ,
Exports ,
Imports ,
Intellectual Property Protection ,
Mexico ,
Risk Management ,
Section 301 ,
Steel Industry ,
Tariffs ,
Trade Act of 1974 ,
Trade Expansion Act of 1962 ,
Trump Administration ,
U.S. Commerce Department ,
USTR ,
Valuation