On April 2, 2025, after weeks of speculation and heightened geopolitical tension, President Trump announced sweeping global tariffs on what he dubbed “Liberation Day”. The tariffs included a baseline universal tariff of 10%...more
On April 2, 2025, President Trump issued an Executive Order “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits” (the...more
Since taking office in January 2025, the Trump Administration has announced, imposed, or reimposed various tariff-related restrictions on articles imported into the United States.
These proposed tariffs and their...more
3/21/2025
/ Canada ,
China ,
Economic Sanctions ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
Mexico ,
National Security ,
Pharmaceutical Industry ,
Reciprocity Rules ,
Tariffs ,
Trump Administration
In the context of the third anniversary of Russia’s invasion of Ukraine, the U.S., EU, and U.K. continue to implement new measures to stifle Russia’s war efforts.
The Biden administration continued to escalate sanctions...more
3/12/2025
/ CAATSA ,
Economic Sanctions ,
Energy Sector ,
EU ,
Executive Orders ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Popular ,
Russia ,
Trump Administration ,
U.S. Treasury ,
UK
On February 21, 2025, President Trump issued a National Security Presidential Memorandum (NSPM) that sets out his administration's “America First Investment Policy,” with a particular focus on promoting foreign investment...more
Foreign investment (FDI) screening regimes continued to present challenges for dealmakers. We saw tough intervention in key jurisdictions. New and expanding rules added to regulatory burden. Overall, most deals are cleared...more
2/28/2025
/ Acquisitions ,
Compliance ,
EU ,
Foreign Direct Investment ,
Global Market ,
Investment ,
Mergers ,
National Security ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
UK
On February 10 and 11, 2025, President Trump issued two proclamations pursuant to Section 232 of the Trade Expansion Act of 1962 (Section 232) announcing the imposition and/or reimposition of certain tariffs on imported steel...more
2/20/2025
/ Aluminum Sales ,
Executive Orders ,
Imports ,
International Trade ,
National Security ,
Section 232 ,
Steel Industry ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration
On February 1, 2025, President Trump issued three Executive Orders (EOs) announcing tariffs on China (the China EO) Canada (the Canada EO), and Mexico (the Mexico EO), respectively, pursuant to the International Economic...more
2/6/2025
/ Canada ,
China ,
Customs and Border Protection ,
Executive Orders ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Legislative Agendas ,
Mexico ,
National Security ,
New Legislation ,
Regulatory Agenda ,
Supply Chain ,
Tariffs ,
Trump Administration
The incoming second Trump administration has threatened to impose wide-ranging and potentially substantial tariffs on products and materials entering the United States. Companies that import goods into the U.S. or that are...more
The Committee on Foreign Investment in the United States (CFIUS) continues to play an increasingly active role in reviewing and assessing inbound investment transactions for U.S. national security risks. In this alert, we...more
On June 12, 2024, the U.S. Department of Treasury (Treasury), U.S. Department of State (State), and U.S. Department of Commerce (Commerce) announced another round of sanctions and export controls targeting Russia. In this...more
6/25/2024
/ Blocking Sanctions ,
Cloud Computing ,
Economic Sanctions ,
Entity List ,
Export Controls ,
Financial Institutions ,
Information Technology ,
Russia ,
Sanctions ,
Software ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury ,
US Department of State
Beginning in 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has increasingly focused its enforcement activity on entities operating in the virtual currency space, illustrating a trend that...more
U.S. Customs authorities impounded thousands of vehicles, showing risks to imports linked to forced labor. The U.S. government detained thousands of luxury vehicles deemed to contain a small electronic component sourced from...more
3/28/2024
/ Automotive Industry ,
Customs and Border Protection ,
Enforcement ,
Entity List ,
EU ,
Forced Labor ,
Imports ,
Legislative Agendas ,
Manufacturers ,
Sanctions ,
Uyghur Forced Labor Prevention Act (UFLPA)
On February 23, 2024, marking the two-year anniversary of Russia’s invasion of Ukraine, the U.S. Departments of Commerce, State, and Treasury announced new U.S. sanctions and export controls targeting Russia. In addition, the...more
On October 18, 2023, the United States announced the suspension of certain sanctions related to Venezuela through the issuance of new and revised general licenses.
The Office of Foreign Assets Control (OFAC) of the U.S....more
The U.S. federal government is facing a possible shutdown beginning this Sunday, October 1, 2023. Congress has until September 30, which marks the end of the fiscal year, to enact appropriations for government agencies and...more
10/2/2023
/ Acquisitions ,
Antitrust Division ,
CFIUS ,
Department of Justice (DOJ) ,
Federal Trade Commission (FTC) ,
Filing Deadlines ,
Foreign Investment ,
Funding ,
Government Shutdown ,
Investment ,
Merger Controls ,
Mergers ,
U.S. Treasury
On August 9, 2023, the Biden Administration issued a long-awaited Executive Order (the EO) that is intended to address the potential national security threats posed by outbound investment from the United States to certain...more
8/11/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Biden Administration ,
China ,
Cybersecurity ,
Executive Orders ,
Foreign Investment ,
National Security ,
Outbound Transactions ,
Public Comment ,
Supply Chain ,
Technology Sector ,
U.S. Commerce Department ,
U.S. Treasury
G7 governments continue to seek ways to increase the effectiveness of their sanctions on Russia by clamping down on sanctions circumvention....more
On April 4, 2023 the United States imposed sanctions on two Lebanese businessmen, brothers Raymond Zina Rahme and Teddy Zina Rahme (the Rahme Brothers), and three of their owned companies, ZR Energy DMCC, ZR Group SAL...more
In January 2023, the United States imposed sanctions on key figures in the Paraguayan economy. The impact of these sanctions are significant and will directly or indirectly impact most Paraguayan financial institutions and...more
On February 24, 2023, the one-year anniversary of Russia’s invasion of Ukraine, the United States, in coordination with its G7 partners and other allies, announced a series of additional sanctions and export controls...more
On January 17, 2023 the U.S. Supreme Court heard oral argument in Türkiye Halk Bankasi A.Ş. v. United States. The resolution of Halkbank (as the bank is known) invites a sophisticated analysis of foreign sovereign immunity....more
On January 5, 2023, President Joe Biden signed into law the Protecting American Intellectual Property Act of 2022 (PAIP). PAIP requires that the President identify to Congress individuals and entities associated with theft of...more
Since Russia’s invasion of Ukraine in February 2022, the United States has, in response, imposed unprecedented sanctions and export controls targeting Russia: President Biden has signed numerous new Executive Orders, the U.S....more
12/5/2022
/ Bureau of Industry and Security (BIS) ,
Commerce Control List ,
ECCNs ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Luxury Goods ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List
President Biden recently issued “formal Presidential direction” on the risks that the United States will consider when evaluating in-bound foreign investment....more