International Trade Policy

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New CFIUS Rules to Enhance Enforcement and Investigation Activities

On April 11, 2024, the Committee on Foreign Investment in the United States (CFIUS), a multi-agency committee administered by the U.S. Treasury Department, released a proposed rule (“Proposed Rule”) to amend the CFIUS regulations.[1]  The Proposed Rule seeks “to enhance the Committee’s identification and resolution of national security risks” by expanding the scope of information … Continue Reading

US ITC Launches Global Rice Trade Investigation

On March 1, 2024, the US International Trade Commission (ITC) officially announced the initiation of a new factfinding investigation into the global rice market. The investigation, titled “Rice: Global Competitiveness and Impacts on Trade and the U.S. Industry” (Investigation No. 332-603), was requested by US House of Representatives Committee on Ways and Means Chair Jason … Continue Reading

Forced Labor Legal Developments in Europe: EU Council and Parliament Negotiate Final Text for Proposed Regulation

While many have focused in recent months on the US enforcement of the forced labor import ban (19 U.S.C. 1307) and the Uyghur Forced Labor Prevention Act (UFLPA) (Public Law No. 117-78), the EU is working on its own set of regulations prohibiting products made with forced labor from entering the EU market. A proposal … Continue Reading

US ITC to Investigate Global Rice Trade

In a February 5, 2024 letter to the US International Trade Commission (ITC), US House of Representatives Ways & Means Committee Chair Jason Smith (Republican-Missouri) requested that the ITC conduct a Section 332 investigation into the global rice market. The ITC will institute the investigation in the coming weeks, and it could be the first … Continue Reading

U.S.-China Relations: A Warming Trend Sparks Opportunities for Chinese Business

In recent years, the U.S.-China bilateral relationship has hit historic lows, marked by notable events like the Chinese spy balloon incident in February and former Speaker of the House Nancy Pelosi’s visit to Taiwan in 2021. However, there is reason for optimism as we have witnessed a significant shift in dynamics over the past few … Continue Reading

Trade Preference Program Revival: Congress Considers GSP, But Provides No Clear Path Forward

On Wednesday, September 20, the House Ways and Means Subcommittee on Trade held a long-anticipated hearing titled “Reforming the Generalized System of Preferences (GSP) to Safeguard U.S. Supply Chains and Combat China.”  In their separate opening statements, both Subcommittee Chairman Adrian Smith (R-NE) and Subcommittee Ranking Member Earl Blumenauer (D-OR) highlighted the evolving landscape of … Continue Reading

The India-Middle East-Europe Economic Corridor (IMEC): What We Know and What Comes Next

In September 2023, select leaders participating in the G20 Summit announced plans to develop the India-Middle East-Europe Economic Corridor (IMEC). The project aims to develop two integrated corridors – one connecting India to the Arabian Gulf, and one connecting the Arabian Gulf to Europe – with new ship-to-rail transit networks, undersea telecommunication cables, and a … Continue Reading

Chips Chatter: January 18-23, 2023

Last Week: GOP To Review Export Controls Enforcement, Citing China Concerns House Foreign Affairs Committee (HFAC) Chair Michael McCaul (R-TX) asked U.S. Commerce Secretary Gina Raimondo for documents on the implementation of certain export controls. “The United States needs a whole-of-government approach to protect sensitive and military-useful technology from foreign adversaries, such as the People’s … Continue Reading

TradeTalk China: January 14-20, 2023

WHAT WE’RE WATCHING: A New Standard of “Influence?” Last week, the House of Representatives passed the Protecting America’s Strategic Petroleum Reserve from China Act (H.R. 22), which would prohibit the Department of Energy (DOE) from selling petroleum products from the Strategic Petroleum Reserve (SPR) to any entity that is “under the ownership, control, or influence … Continue Reading

TradeTalk China: December 12 – December 16, 2022

This week Republicans filed a flurry of bills focused on China. While they may be seeking to push these proposals as policy riders in the omnibus government spending package, more likely they reflect continuing interest by congressional Republicans to legislate on US-China policy and relations at least as aggressively in the 118th Congress as they … Continue Reading

TradeTalk China: December 2 – December 9, 2022

The House voted 350-80 to pass the compromise defense authorization bill on Thursday. The 4,000-plus page package would authorize $857.9 billion in fiscal 2023 defense spending, $45 billion more than requested by the White House. The Senate is expected to consider the legislation next week. Why it matters: The proposed boost to defense spending underscores … Continue Reading

Recent Regulatory Developments: Expanding Control Exemption for Standard-Setting to All on Entity List—Analysis 

Under an interim rule published in the Federal Register on Friday, September 9, 2022, the Commerce Department’s Bureau of Industry & Security (BIS) is loosening restrictions on the sharing of specific technology with blacklisted firms, to maintain the United States’ lead in setting international standards. Under that rule, no license will be required to export certain … Continue Reading

Transatlantic Trade | US and Europe – July 11-29, 2022

Note:  Our next report will circulate in September, after the summer break. Amid the global food crisis, the Russian Federation (Russia) and Ukraine reached an agreement that was signed in Turkey to allow Ukraine’s grains to ship to global markets; Ukraine awaits sign from the United Nations (UN) that ship passage is guaranteed for the … Continue Reading

Transatlantic Trade | US and Europe – June 25 – July 8, 2022

The past two weeks saw the conclusion of the Group of Seven (G7) Leaders and North Atlantic Treaty Organization (NATO) Summits in Germany and Spain, respectively.  The G7 Leaders’ issued a Communique affirming continued solidarity with Ukraine.  Aligning with the G7, the United States (US) started its domestic process to impose tariffs on a number … Continue Reading

Transatlantic Trade | US and Europe – June 27, 2022

With the mid-term elections approaching (November) in the United States (US), the White House and those Members of Congress up for re-election (the full House of Representatives and one-third of the Senate) continue to focus domestic matters of concern for American voters – namely the US economy, high gas prices, and an inflation rate that … Continue Reading

Transatlantic Trade | US and Europe – June 1-10

The United Kingdom (UK) celebrated Her Majesty The Queen on the occasion of her Platinum Jubilee, marking 70 years of her reign.  The United States (US) hosted the Summit of the Americas, unveiling another economic framework initiative, with this one focused on countries in the Western Hemisphere.  In the European Union (EU), the European Parliament … Continue Reading

Transatlantic Trade | US and Europe: May 16 – 30

At the end of the month, the European Union (EU) finally reached a deal – after weeks of negotiations – on an oil ban against Russian sourced oil and petroleum products.  In mid-May, the United States (US) and EU concluded their second US-EU Trade and Technology Council ministerial meeting.  Meanwhile, absent a free trade agreement … Continue Reading

Transatlantic Trade | US and Europe: May 1 – 15, 2022

The United States (US) and United Kingdom (UK) continued to impose sanctions against Russia over the first two weeks of May, while the European Union (EU) continued its debate over another sanctions package.  The US Congress also continues to debate a new $40 billion assistance package for Ukraine.  The UK introduced legislation that would bring … Continue Reading

The US Uyghur Forced Labor Prevention Act: Is Your Organization in Compliance?

On December 23, 2021, President Biden signed the Uyghur Forced Labor Prevention Act (UFLPA) into law. The Act creates a rebuttable presumption that “any goods, wares, articles, and merchandise mined, produced, or manufactured wholly or in part in the Xinjiang Uyghur Autonomous Region of the People’s Republic of China” (or by an entity included on … Continue Reading
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