Tag Archives: Trump

President Trump Issues Global Magnitsky Executive Order

On 20 December 2017, President Trump issued EO 13818, authorising the imposition of financial sanctions against designated persons determined to be directly or indirectly engaged in certain human rights abuses or corrupt acts around the world. OFAC subsequently released new Frequently Asked Questions and published updated designations.… Continue Reading

Trump Administration Announces Extension of Waivers of Iran Sanctions

In a statement issued 12 January 2018, President Trump announced that his administration was extending the waivers of certain secondary sanctions against Iran originally adopted on implementation of the Joint Comprehensive Plan of Action agreement (JCPOA) on Iran’s nuclear program. Trump stated that the move not to reinstate sanctions against Iran is to allow for … Continue Reading

OFAC and BIS Amend Cuba Sanctions Regulations

OFAC and US Department of Commerce’s Bureau of Industry and Security (BIS) have each issued new regulations implementing President Trump’s June 2017 National Security Presidential Memorandum on Cuba (the “Cuba NSPM”). On 9 November, OFAC published amendments to the Cuban Assets Control Regulations (31 C.F.R. Part 515) in the Federal Register. The amendments implement the … Continue Reading

Changes to the US’ Iran Policy and Additional Non-Nuclear Iran-related Designations

On 13 October, President Trump announced the results of his administration’s review of the US’ Iran policy, indicating at the same time that he would not “certify” to Iran’s compliance with the Joint Comprehensive Plan of Action (JCPOA) agreement. Since President Trump took office, he has “certified” to Iran’s compliance twice, so this is the first time that he did … Continue Reading

President Imposes New Economic Sanctions Against North Korea

On 20 September, President Trump issued an Executive Order (EO) authorising broad new economic sanctions against North Korea, by targeting those dealing with the country. The Order, EO 13810, adds to the existing US embargo of North Korea by authorising the US Treasury’s Office of Foreign Assets Control (OFAC) to impose blocking sanctions against any person found to be participating … Continue Reading

Trump Administration Permanently Lifts Sudan Sanctions

On 6 October, the Trump administration announced that it would permanently revoke economic sanctions against Sudan, effective 12 October 2017. The State Department published this decision in the Federal Register, 82 Fed. Reg. 47287, on 11 October 2017. This decision means that US companies can invest in Sudan and export their products and services to Sudan, subject to compliance with … Continue Reading

Trump Administration Permanently Lifts Sudan Sanctions

  Sudan Sanctions In 1997, the US imposed a comprehensive trade and investment embargo against Sudan. In January 2017, i.e., in the closing days of the Obama Administration, President Obama announced a six-month suspension of US economic sanctions, citing ongoing dialogue with the Sudanese government and the government’s progress in achieving milestones agreed upon in those negotiations. Specifically, the Obama Administration … Continue Reading

NAFTA Update: US Administration Formally Notifies Congress of Upcoming Talks

On May 18, 2017, US Trade Representative Robert Lighthizer formally notified the US Congress of President Donald Trump’s intent to renegotiate the North American Free Trade Agreement (NAFTA). In letters transmitted to senior Congressional leaders, Ambassador Lighthizer pledged that the administration will consult closely with Congress to ensure its negotiating positions are consistent with the … Continue Reading

Trump Orders “Buy American and Hire American”

Following through on his promise to put “America first,” President Donald Trump signed an Executive Order (EO) on April 18 titled “Buy American and Hire American,” a two-part document addressing both US federal procurement and immigration programs. Our international trade and public policy teams together analyzed the provisions contained in the EO and offer explanations … Continue Reading

More Power to the Committee on Foreign Investment in the United States (CFIUS)

The media has reported on various potential plans and ideas being discussed by lawmakers to further expand or improve the Committee on Foreign Investment in the United States’s (CFIUS) scope and authorities. To date, no legislation has been introduced in Congress, and only few details about what has been proposed is publicly known.  Based on … Continue Reading

Trump Administration Imposes New Iran Sanctions

In response to recent ballistic missile testing activities by the Islamic Republic of Iran, the Trump administration, on 3 February 2017, issued its first economic sanctions, adding 13 individuals and 12 entities to the Office of Foreign Assets Control (OFAC) list of specially designated nationals and blocked persons. The designations were made under counter-proliferation and … Continue Reading

Trade Talk: Week in Review (13-19 February 2017)

President Donald Trump hosted the Canadian and Israeli Prime Ministers at the White House last week.  Secretary of State Rex Tillerson and Secretary of Homeland Security John Kelly traveled to Mexico City this week to discuss trade and security matters. Cabinet Shuffle.  Gen. Michael Flynn resigned as the National Security Advisor (NSA) last week, after … Continue Reading

Trade Talk: Week in Review (6-12 February 2017)

On Monday, 13 February, President Donald Trump welcomed Canadian Prime Minister Justin Trudeau to the White House.  President Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House on Wednesday. The U.S. Senate confirmed Steven Mnuchin to serve as Secretary of the Treasury on Monday evening.  Congress is scheduled to be in recess next … Continue Reading

U.S. and Latin America Trade: Who could be affected by a shift in U.S. Trade Policies?

Since taking office on January 20, 2017, President Trump’s actions on several trade-related matters – from officially withdrawing the US from the Trans-Pacific Partnership (TPP), to signaling the renegotiation of the North American Free Trade Agreement (NAFTA), to suggesting reconsideration of existing bilateral trade agreements – will have a ripple effect seen and felt around the … Continue Reading

Trade Talk: Week in Review (24-30 January 2017)

In his first week in office, President Donald Trump signed a series of documents under his executive authorities on topics ranging from trade to national security to immigration, including on “extreme vetting” of persons from select Arab countries and establishing an indefinite ban on refugees from Syria.  Speaker of the House Paul Ryan (R-Wisconsin) also … Continue Reading

Trump Executive Order Withdraws US from Trans-Pacific Partnership (TPP); Action on NAFTA Renegotiation Expected

Following through on one of his campaign promises, on Monday, January 23, President Donald Trump signed a memorandum formally withdrawing the United States from the Trans-Pacific Partnership (TPP) agreement. It is anticipated that President Trump may issue a separate document regarding the United States’ intent to renegotiate the North American Free Trade Agreement (NAFTA) as early as … Continue Reading

Trade Talk: Week in Review (4-9 January 2017)

President Barack Obama will travel to Chicago on Tuesday, 10 January, to deliver his farewell address to the nation.  U.S. businessman Donald Trump will be sworn in as the 45th President of the United States on Friday, 20 January. Trump Transition News – Confirmation Hearings.  Senate Foreign Relations Committee (SFRC) Chairman Bob Corker (R-Tennessee) has … Continue Reading

Trade Talk: Week in Review (20 December 2016 – 3 January 2017)

Welcome to 2017.  The 115th Congress convened on Tuesday, 3 January.  U.S. businessman Donald Trump will be sworn in as the 45th President of the United States on Friday, January 20. Trump Transition News.  President-Elect Trump continues to announce senior officials who will serve as part of his Administration.  The Trump Transition Team noted at … Continue Reading

Trade Talk: Week in Review (5-11 December 2016)

Both chambers of the U.S. Congress recessed last week after passing a Continuing Resolution to fund the U.S. Government until April.  The 114th Congress stands adjourned for the year.  The 115th Congress will convene on Tuesday, 3 January 2017. China – Trump’s Call with Taiwan.  In an interview that aired on Sunday, President-Elect Donald Trump … Continue Reading

Trade Talk: Week in Review (28 November – 4 December 2016)

Iran – Sanctions Measure Advances.  Last week, the Senate passed the Iran Sanctions Extension Act (H.R. 6297) by a vote of 99-0, sending the measure to President Obama’s desk. Members of Congress and Administration officials have said they do not believe renewal of the Iran Sanctions Act (ISA) would violate terms of the nuclear agreement … Continue Reading
LexBlog