Perspectives on Europe
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Trump Levies New Secondary Sanctions on Non-US Companies Doing Business in Iran’s Iron, Steel, Aluminum, and Copper Sectors
Yesterday, May 8, 2019, President Donald Trump issued an Executive Order (EO) authorizing broad new sanctions with respect to the steel, aluminum, iron, and copper sectors of Iran.
On April 8, 2019, the USTR announced that it is initiating an investigation under Section 301 of the Trade Act of 1974 to enforce the rights of the United States in the WTO dispute involving subsidies provided to the large civil aircraft industry by the European Union.
Brexit woes in 2018 did not deter parties from referring disputes to the LCIA. The LCIA released its Annual Casework Report, revealing a growing preference for use of the institution’s Rules, increased recourse to expedited procedures, and parties hailing to the LCIA from diverse regions.
On March 4, the Trump Administration announced the termination of India and Turkey as recipients of the Generalized System of Preferences, on grounds that neither country adheres to the program’s statutory eligibility criteria.
Economic sanctions turbulence continued virtually unabated in 2018 and into early 2019, making work for the sanctions experts both in and out of the US government.
Arent Fox LLP, on behalf of MedTrade Inc., Transpacific Steel LLC, and A.G. Royce Metal Marketing LLC, filed a lawsuit before the US Court of International Trade against the Trump administration that argues doubling tariffs on steel imports from Turkey is unlawful.
In a steady drumbeat of US sanctions targeting Iran during the month of November 2018, the Office of Foreign Assets Control has designated Iran-based financial facilitators of malicious cyber activity and, for the first time, associated digital currency addresses.
Back in May 2018, President Trump announced the United States’ intention to withdraw from the Joint Comprehensive Plan of Action (JCPOA) and re-impose secondary sanctions on Iran.
The Government of Australia is proposing a new bill that would grant additional powers to law enforcement and national security agencies.
The US Administration announced that it would be imposing sanctions on the Russian Government under the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) over the use of a “Novichok” nerve agent in an attempt to assassinate UK citizen Sergei Skripal.
On May 20, 2018, Secretary of the Treasury Steven Mnuchin stated that the US was “putting the trade war on hold,” pending negotiations with China to reduce the US trade deficit and address certain acts, policies, and practices related to intellectual property rights.
Following a tweet from President Donald Trump that there was “big news coming soon” for the automotive industry, the Department of Commerce (DOC) formally announced on May 24, 2018 an investigation into the impact of certain automotive imports on US national security interests.
The May 21 notice provides guidance on the manner in which imports whose exclusion requests are approved by the DOC should be entered in order to avoid the Section 232 duties.
Following the Presidential Proclamations issued April 30, 2018 regarding the imposition of double-digit tariffs on certain steel and aluminum imports (Section 232 tariffs), US Customs and Border Protection published further guidance detailing the implementation of the Section 232 tariffs.
Government regulators have struggled to keep pace with entrepreneurs as they launch new cryptocurrencies and trading platforms, resulting in largely unregulated virtual currency exchanges.
In a recent European Court of Justice Ruling, the court held that a test taker’s answers and an examiner’s comments with regard to those answers are personal data, while valuable proprietary test questions are not.
Right before the holidays, President Trump and his Administration took significant steps toward using economic sanctions to tackle international human rights abuses and corruption.