The United States (US) and European Union (EU) focused this week on forced labor and concerns with their respective supply chains, with the US releasing updated guidance on some related concerns coming from one region within the People’s Republic of China (China). Russia was also in the spotlight, with the US focused on cyber-attacks originating from actors based in the country and the EU sustaining its targeted Ukraine-related sanctions against the Russian Federation.
The European Commission released its much anticipated “Fit for 55 package” this week, which includes a carbon border tax proposal of particular interest to the World Trade Organization (WTO). Talks at the WTO over a possible TRIPS Agreement waiver for COVID-19 vaccines remain stalled. Meanwhile, the United States welcomed German Chancellor Angela Merkel to the White House this week, along with United Kingdom (UK) Secretary of State for International Trade Elizabeth Truss, who met with her counterpart at the Office of the US Trade Representative (USTR).
In this issue, we cover:
- COVID-19 highlights among the transatlantic partners;
- Notable EU, US, and UK developments; and
- Sanctions developments with respect to Russia.