International Trade & Supply Chain

shipping containersOn January 17, 2018, the American Line Pipe Producers Association filed a petition for the imposition of antidumping and countervailing duties on imports of Large Diameter Welded Pipe from Canada, Greece, India, the People’s Republic of China, the Republic of Korea, and the Republic of Turkey. Continue Reading Petition Summary: Large Diameter Welded Pipe from Canada, Greece, India, China, Korea, and Turkey

IranPresident Donald Trump has announced that he will approve certain sanctions waivers necessary in order to preserve the Iran nuclear deal (JCPOA). In an official statement, the President indicated that this is the last such waiver he will issue and warned that “the United States will not again waive sanctions in order to stay in the Iran nuclear deal.”

President Trump called on Congress to enact legislation addressing Iran and stated that the legislation should include the following critical components:

  • The legislation must require Iran to allow immediate inspections by international inspectors at all nuclear sites.
  • The legislation must “ensure that Iran never even comes close to possessing a nuclear weapon”.
  • The legislation “must have no expiration date.” President Trump stated that “My policy is to deny Iran all paths to a nuclear weapon – not just for ten years, but forever.”
  • The legislation must subject Iran’s long-range missile program to the same sanctions imposed on its nuclear weapons program.

Continue Reading President Trump Temporarily Extends Iran Nuclear Deal

White HouseOn Thursday, January 11, the U.S. Department of Commerce formally submitted to the President the results of its investigation into the effect of steel mill product imports on U.S. National Security. The President now has 90 days to decide on any action on steel imports. Continue Reading Commerce Submits Steel Section 232 Report to the President

shipping containersOn November 30, 2017, PMP Fermentation Products, Inc. filed a petition for the imposition of antidumping duties and countervailing duties on imports of sodium gluconate, gluconic acid, and derivative products from the People’s Republic of China and France. Continue Reading Petition Summary: Sodium Gluconate, Gluconic Acid, and Derivative Products from China and France

Globe showing AsiaThe U.S. Department of Commerce self-initiated trade cases for the first time since 1991 on Tuesday, November 28, on Chinese common alloy aluminum sheet. While Commerce normally opens antidumping and countervailing duty investigations only after requests from the domestic industry, the agency is authorized to self-initiate cases. Commerce last exercised this power for a countervailing duty case in 1991 and for an antidumping case in 1985.

Secretary Wilbur Ross said in a statement on Tuesday, “President Trump made it clear from day one that unfair trade practices will not be tolerated under this administration, and today, we take one more step in fulfilling that promise. We are self-initiating the first trade case in over a quarter century, showing once again that we stand in constant vigilance in support of free, fair and reciprocal trade.” Continue Reading Commerce Department Self-Initiates Trade Case on Aluminum Sheet from China

bankruptcy Non-vessel operating common carriers (NVOCCs) are often vulnerable to importer/exporter debtors when they declare bankruptcy. As brick and mortar retailers continue to face dwindling market share due to the dramatic rise in online shopping – $1.25 billion per day in online consumer purchases in the U.S., and doubling every five years – risks to NVOCCs rise. Retail Dive’s running list of 2017 retail apocalypse victims is a comprehensive tally of retailers who have succumbed to financial pressures already this year. They also recently listed twelve additional prominent retailers possibly on the brink of bankruptcy. Continue Reading Protecting NVOCCs Against Customer Bankruptcies: Are Security Interests Possible?

cargo shipOn November 8, the Federal Maritime Commission (FMC) issued a Notice for Proposed Rulemaking regarding modifications to NVOCC Service Arrangements (NSAs) and Negotiated Rate Arrangements (NRAs).

NSAs:

NSAs will continue to serve as basic agreements between NVOCCS and their customers for comprehensive longer-termed ocean transport agreements with provisions similar to those included in ocean carrier service contracts, with two basic differences: Continue Reading Federal Maritime Commission NVOCC Deregulation More Imminent

Globe showing AsiaThe U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has amended its Global Terrorism Sanctions Regulations (GTSR) in order to impose additional sanctions on Iran’s Islamic Revolutionary Guard Corps (IRGC) within the timeline required by the Countering America’s Adversaries Through Sanctions Act (CAATSA). Effective October 31, 2017, persons and entities that OFAC has designated as officials, agents, or affiliates of the IRGC remain subject to secondary blocking sanctions which continue to prohibit them from engaging in activity with US and non-US persons and, in addition, these amendments to the GTSR now impose new sanctions to prohibit the designated IRGC affiliates from receiving humanitarian donations and other forms of assistance. OFAC has provided a list of the IRGC affiliates subject to these amendments here. Continue Reading OFAC and State Department Update Iran and Russia Sanctions Under Countering America’s Adversaries Through Sanctions Act