On May 10, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an Interim Final Rule (IFR), effective August 8, 2024, that updates the Reporting, Procedures, and Penalties Regulations....more
The United States Trade Representative (“USTR”) Katherine Tai announced 25% additional tariffs on approximately $2 billion worth of imported goods from Austria, India, Italy, Spain, Turkey, and the United Kingdom (“UK”),...more
The U.S. Court of International Trade (CIT) will not stay its order (Ct. No. 19-00009) instructing U.S. Customs and Border Protection (CBP) to refund importers’ Section 232 tariffs on steel from Turkey. A three-judge panel...more
On May 16, 2019, the President announced that he would be terminating Turkey’s status as a beneficiary of specialized treatment pursuant to the U.S. Generalized System of Preferences program (GSP). At the direction of...more