President Trump has declared a national emergency to deal with the threat of foreign acquisition of U.S. technology. This new order gives broader powers to the Commerce Department to target foreign adversaries.
In the latest action to help the United States in its race to build a supercomputer, on June 24, 2019, the Department of Commerce published a Final Ruling amending the Export Administration Regulations (EAR) by adding five entities to the Entity List.
In response to the U.S. imposition of additional tariff increases, China’s Ministry of Finance announced they will increase tariffs on about $60 billion of U.S. goods on June 1, 2019. There are four lists encompassing a variety of different products.
Just when you thought you were up to date with the surge of news about the additional tariffs, there is more. Last week, the President announced the assessment of tariffs on all products from Mexico beginning on June 10, 2019.
So you’ve never directly heard of China’s National Intelligence Law? Think Huawei, which has long been accused of having "backdoors" in their equipment allowing access to information by the Chinese government. Huawei is only one example of actions being taken to protect U.S. assets and technology.
The United States Trade Representative has published a notice requesting comments on additional tariffs of up to 25% on products of China. In addition to requesting comments concerning the increase, the USTR published the proposed list of these products by HTS Number.
Ever wonder why your license application is taking so long to be reviewed and approved? The answer may be something that you have no control over. Your application could have been selected for a Blue Lantern check.
Darus Zehrbach was recently sentenced to six months in prison for making false statements to a federal agent. Zehrbach applied for an OFAC license to export electric scooters to Iran, however, the license was denied.
Effective at 12:01 this morning, the U.S. has increased the tariffs assessed on $200 Billion worth of Chinese goods. These items were originally assessed at a 10% rate, however, importers will now be required to pay 25%.
On May 2, 2019, OFAC published its “A Framework for Compliance Commitments”. The framework provides direction and insight into the essential elements of a “risk-based sanctions compliance program.”