News & Analysis as of

Economic Sanctions China

McDermott Will & Emery

Credit Conditions - Q2 2025

So-called “Liberation Day” tariffs shook markets and sparked recession fears on April 2, with rates ranging from a universal 10% to a country-specific reciprocal tariff as high as 49% for Cambodia. While the 10% universal...more

Morrison & Foerster LLP

Enforcement of China’s Anti-Foreign Sanctions Law Strengthens Through Private Cause of Action and New Implementing Rules

In November 2024, in the first successful private cause of action under the Anti-Foreign Sanctions Law (AFSL), a Chinese court adjudicated a civil claim by a Chinese company against its overseas customer for failure to pay...more

White & Case LLP

Economic volatility tempers high yield issuance

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Against a remarkably volatile macroeconomic backdrop, US and European high yield bond markets recorded conspicuous year-on-year declines in issuance during the first quarter of 2025....more

Skadden, Arps, Slate, Meagher & Flom LLP

DOJ White Collar Enforcement Plan Continues To Present Risks for Non-US Companies

Matthew Galeotti’s recent memorandum as head of the Department of Justice’s (DOJ’s) Criminal Division echoes the Trump administration’s “America First” priorities. It directs the Criminal Division to “strike an appropriate...more

Pillsbury Winthrop Shaw Pittman LLP

USTR Section 301 Shipbuilding Reprised

The Notice also proposes new tariffs on Chinese origin ship-to-shore (STS) cranes and cranes and parts containing Chinese components. Interested parties may submit comments in response to these proposed measures before May...more

Amundsen Davis LLC

U.S. and China Agree to Reduce Reciprocal Tariffs for 90 Days

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We previously reported on the reciprocal tariffs on ALL countries issued by President Trump in early April. Over the weekend, the U.S. and China agreed to temporarily reduce tariffs amid a looming recession triggered by an...more

White & Case LLP

USTR Issues Final Section 301 Actions in China Shipbuilding Investigation

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On April 17, 2025, the Office of the United States Trade Representative (USTR) issued a final notice of action for its Section 301 investigation on "China's Targeting the Maritime, Logistics, and Shipbuilding Sectors for...more

Husch Blackwell LLP

Summary of Tariff Requirements

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Overview- Provided below is a status update and summary of tariffs that have been implemented since February 1, 2025, and its impacts on imports from multiple countries. IEEPA Tariffs - IEEPA tariffs were announced...more

Troutman Pepper Locke

Charting a New Course: The SHIPS Act of 2025 (Reintroduced)

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On April 30, 2025, Senators Mark Kelly (D-AZ) and Todd Young (R-IN) — joined by a bipartisan group of Senate and House sponsors — reintroduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for...more

Seward & Kissel LLP

DOJ Implements New Data Security Program: Data Transfer Restrictions with a National Security Focus

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Effective as of April 8, 2025, the National Security Division of the U.S. Department of Justice (DOJ) has implemented a Data Security Program (the DSP) to address national security risks associated with the transfer of...more

Husch Blackwell LLP

Week Fifteen in Trade

Husch Blackwell LLP on

On May 1st U.S. Customs and Border Protection (“Customs”) issued additional guidance on import duties on certain automobiles through Cargo Systems Messaging Service # 64916414 (the “CSMS”). The CSMS stated the following:...more

American Conference Institute (ACI)

[Event] Trade & Sanctions Compliance for the Oil and Gas Industry - May 21st - 22nd, Houston, TX

Between tariffs, tightening export controls, evolving sanctions, and ramped up enforcement, the cost and complexity of compliance is rising for oil and gas supply chains. ACI’s Trade & Sanctions Compliance for the Oil and...more

Troutman Pepper Locke

USTR Takes Action to Counter China's Dominance in Maritime, Logistics, and Shipbuilding Sectors

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On April 17, the Office of the United States Trade Representative (USTR) announced proposed trade actions under Section 301 of the Trade Act of 1974 (Trade Act) to counteract China’s systemic dominance in the maritime,...more

Wiley Rein LLP

USTR Announces Final Action in Section 301 Investigation into China’s Shipbuilding/Logistics Practices

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On April 17, 2025, the Office of the U.S. Trade Representative (USTR) issued its final notice of action in its investigation into China’s unfair practices affecting the shipbuilding and maritime logistics sectors. According...more

Vedder Price

USTR Proposes Actions Pursuant to Section 301 Investigation Against Chinese-Built Ships

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The United States is no longer the global power in shipbuilding that it once was, but under the Trump Administration, this may change, and for the better, at least perhaps as far as U.S. shipbuilding is concerned....more

Jones Day

China Boosts Enforcement of Anti-Foreign Sanctions Law

Jones Day on

China has recently taken several actions showing its commitment to counter trade restrictions imposed by other countries. In March 2025, it released regulations implementing the 2021 Anti-Foreign Sanctions Law. In tandem with...more

Akin Gump Strauss Hauer & Feld LLP

Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment

This order suspends country-specific ad valorem rates of duty enumerated in the executive order titled “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual...more

Wiley Rein LLP

Trump Reduces Global Reciprocal Tariffs but Increases Them for China

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On April 2, 2025, the President announced the imposition of reciprocal tariffs on goods imported into the United States from a broad range of countries at an initial 10% rate. Higher rates for specific countries were...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: April 14, 2025, The Cascade of Corruption Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy your morning coffee, and listen to the Daily Compliance News. All from...more

Thomas Fox - Compliance Evangelist

Sunday Book Review: April 13, 2025, The Books on Trade and Tariffs Edition

In the Sunday Book Review, Tom Fox considers books that would interest the compliance professional, the business executive, or anyone who might be curious. These could be books about business, compliance, history, leadership,...more

Eversheds Sutherland (US) LLP

US-China trade war – More tit-for-tat: China’s comeback - April 2025

In recent weeks, the global trade environment has experienced an unprecedented level of volatility and uncertainty due to a series of new trade policies announced by the US.  Those actions have triggered responses by the US’...more

ArentFox Schiff

As the (Customs and Trade) World Turns: April 2025

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Welcome to the April 2025 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: April 11, 2025 The Tariff Rollback Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News—all...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - April 2025 - How the Trump Administration Pushed China Deeper into Latin America

Donald Trump’s first term in office pursued an aggressive foreign policy toward China, imposing tariffs, restricting technology transfers, and accusing Beijing of unfair trade practices. However, one unintended consequence of...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - April 2025 - 2025 Trade Policy Agenda Provides Rationale for Trump Tariff Actions

On March 3, 2025, the Office of the United States Trade Representative (USTR) released the 2025 Trade Policy Agenda and 2024 Annual Report by the United States Trade Representative of the President of the United States on the...more

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