Overview of Section 232 Actions -
While President Trump has often utilized the International Emergency Economic Powers Act (IEEPA) to levy tariffs during the recent onslaught of tariff action, Section 232 of the Trade...more
As the Trump administration forges ahead with its trade agenda, including almost weekly new tariffs, and antidumping and countervailing duties orders, heightened False Claims Act (FCA) enforcement is sure to follow. Below, we...more
On March 21, 2025, U.S. Customs and Border Protection (CBP) updated its Section 232 FAQs to address the recent expansion of the steel and aluminum derivative lists. We note that the additional FAQs added by CBP are under the...more
Tariffs on Canada and Mexico
The Federal Register notices concerning tariffs on Canadian and Mexican imports to the United States are available here and here....more
With the rapidly evolving regulatory landscape, staying on top of the latest updates is crucial for companies in biopharma and medical devices. In this briefing, we highlight recent regulatory and legislative developments...more
Below is a summary of some of the measures identified in the Policy, and some suggestions for what foreign and domestic investors should be considering as this goes into effect....more
The White House proclamation directing Commerce to initiate a Section 232 investigation on copper imports is now live. As always, the stakes are high, and the outcome could leave industries feeling a bit short-circuited....more
In light of the recent changes to U.S. trade policy, specifically the imposition of tariffs under the Trump administration, Faegre Drinker’s trade team has received a significant number of inquiries from clients and partners...more
On February 13, 2025, President Trump held a closed-door conference on reciprocal tariffs.
During the conference, President Trump signed a presidential memorandum proposing reciprocal tariffs that will be customized for...more
The breaking tariff news continues — this time with a focus on steel and aluminum imports. On Monday, February 10, 2025, President Trump issued an executive order expanding his 2018 Section 232 national security tariffs...more
Deferral of Tariffs on Imports From Canada and Mexico -
The previously announced tariffs against goods from Canada and Mexico have been paused for one month, with both Canada and Mexico agreeing to take, respectively,...more
Treasury’s final rule implementing its outbound investment regime went into effect on January 2, 2025. The final rule implemented Executive Order (E.O.) 14105 of August 9, 2023, which declared a national emergency to address...more
On January 13, 2025, BIS issued an interim rule amending the EAR to, among other things, impose a new control on certain advanced AI model weights for certain advanced closed-weight dual-use AI models, and revise controls on...more
With the rapidly evolving regulatory landscape, staying on top of the latest updates is crucial for companies in biopharma and medical devices. In this briefing, we highlight recent regulatory and legislative developments...more
Background -
On December 2, 2024, BIS announced two new rules under the EAR targeting the PRC’s ability to produce “advanced-node” semiconductors, including advanced-node integrated circuits (ICs), which can be used in...more
With a rapidly evolving regulatory landscape, staying on top of the latest updates is crucial for companies in the biopharma and medical devices sectors. In our inaugural biopharma and medical devices briefing, we highlight a...more
New OFAC Guidance on Statute of Limitations -
On July 22, 2024, the Office of Foreign Assets Control (OFAC) published new guidance addressing how it intends to apply a recent change in the statute of limitations for...more
On June 12, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced several significant additional export control restrictions and related actions against Russia as a response to continued...more
6/26/2024
/ Belarus ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List
On April 25, 2024, the Department of Commerce’s Bureau of Industry and Security (BIS) announced the issuance of a final rule that amends the Russian and Belarus Sanctions under the Export Administration Regulations (EAR) to...more
Ready or Not: Momentum Continues to Build in Washington for Outbound Investment Screening Mechanism -
On May 9, 2023, a bipartisan group of U.S. House members introduced the National Critical Capabilities Defense Act of...more
As the 49th Group of Seven (G7) Summit gets underway in Japan, the United States, in coordination with several other G7 members, marked the occasion to announce sweeping new sanctions and export controls aimed at “further...more
On February 24, 2023, the White House marked the one-year anniversary of the Russian invasion of Ukraine by announcing a sweeping package of new sanctions, export controls and tariffs aimed at “holding Russia accountable for...more
On February 16, 2023, the U.S. Department of Justice (DOJ) and the U.S. Department of Commerce announced the creation of the “Disruptive Technology Strike Force” — a multi-agency, multi-geographical effort to ratchet up the...more
On January 25, 2023, the Financial Crimes Enforcement Network (FinCEN) published an alert to financial institutions warning of the heightened risk of investment in commercial real estate by sanctioned Russian elites,...more
Summary of Key Points:
Although this rule is aimed at the semiconductor and supercomputer industries, it will have a much broader effect on U.S. and ex-U.S. manufacturing, including even certain EAR99 goods manufactured...more