The European Commission will delay its first wave of retaliatory tariffs against the U.S. from April 1 until mid-April, commission spokesperson Olof Gill said in a statement March 20. Gill said the tariffs were delayed to "align the timing" of the EU's two sets of retaliatory actions announced last month (see 2503120042).
Three U.K.-registered charity organizations violated the country’s financial sanctions regulations when they failed to respond to letters from the Office of Financial Sanctions Implementation, the agency said this month.
A State Department notice declaring that all agency efforts to control international trade now constitute a "foreign affairs function" of the U.S. under the Administrative Procedure Act will ultimately be subject to the discretion of the courts, trade lawyers told us.
U.S. ambassador to Japan nominee George Glass said March 13 that he would seek to ensure Japan follows through on its commitment to ramp up its purchase of U.S. liquefied natural gas to reduce its trade deficit with the U.S. and its reliance on Russia.
Two Democrats and two Republicans in the Senate asked the administration to press Canada on changing how it administers tariff rate quotas for U.S. dairy exports as it approaches a renegotiation.
It’s possible that the Trump administration offers Russia some “symbolic” sanctions relief as part of peace negotiations with Ukraine, but the broader lifting of sanctions on Russia’s oil sector is more unlikely, a former U.S. sanctions official said this week.
The EU and Canada announced retaliatory tariffs against the U.S. this week, targeting billions of dollars' worth of American exports in response to what they said were unjustified global 25% steel and aluminum duties imposed by the Trump administration. Other nations also criticized the U.S. tariffs as they mulled countermeasures of their own.
The U.S. added more people and entities to sanctions and export control lists in 2024 than the previous year, with a large portion targeting Russia and China, the Center for a New American Security said this week.
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The European Commission proposed extending the current duty exemption for imports of Ukrainian iron and steel products, which are a "significant source of revenue for Ukraine," the commission said last week. The current waiver, which has been extended twice before, is due to expire in June. The proposed extension must be approved by the European Council and Parliament. "The Commission is currently working on a longer-term solution which will provide economic certainty and a stable framework for trade to both Ukraine and the EU," it said.