On August 25, U.S. Customs and Border Protection (“CBP”) issued a draft Federal Register notice to effectuate the President’s Executive Order (“EO”) on “Addressing Threats to the United States by the Government of the Russian Federation,” which imposed additional tariffs on imports of Indian origin due to India directly or indirectly importing Russian oil. Under these new tariffs, imports of most goods of Indian origin will be subject to an additional 25% duty, effective August 27, which will stack…
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) amended Venezuela General License (“GL”) 41 to wind-down, rather than authorize, certain transactions related to the operation and management of Chevron Corporation’s joint venture with Petróleos de Venezuela, S.A. (“PdVSA”) and any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (“PdVSA Related Entities”). OFAC issued the original GL 41 on November 26, 2022, which authorized certain transactions…
Our team is closely monitoring developments on our Import & Trade Remedies blog. Check our the latest posts and subscribe for daily updates. President Trump Announces Long-Anticipated Tariffs on Canada, Mexico, and China Trump Tariffs – Further Updates from Canada – Import and Trade Remedies Blog
In the evening of January 26, 2025, the White House announced in a press release that the US and Colombian governments had reached an agreement on flights carrying individuals deported from the United States and paused efforts to impose tariffs and other measures announced by President Trump and President Petro. Our blog post about measures previously announced by the two countries on January 26 is available here. Based on this agreement, the “emergency” tariffs and…