Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on a network encompassing seven individuals and six entities across Iran, China, and Hong Kong, citing links to Iran's ballistic missile program. The June 6 action accused the network of facilitating procurement and financial transactions for critical components and technology required for Iran's ballistic missile development.

United States Trade Representative Katherine Tai today announced that the United States has requested dispute settlement consultations with Mexico under the United States-Mexico-Canada Agreement (USMCA).  These consultations regard certain Mexican measures concerning products of agricultural biotechnology.

The African Group (AG) has proposed a series of significant reforms to the World Trade Organization (WTO) rules, particularly the Agreement on Subsidies and Countervailing Measures (ASCM). This …

Secretary of Commerce Gina Raimondo announced the United States will extend by one year the temporary suspension of tariffs on Ukrainian steel under Section 232 of the Trade Expansion Act of 1962, as amended.  “Over the last year, the United States has provided a much-needed market for the steel that Ukraine is able to export. In doing so, Americans are directly supporting the people of Ukraine, many of whom rely on Ukraine’s steel industry for their economic well-being,” said Secretary Raimondo. 

Global goods trade remained depressed in the first quarter of this year, but forward-looking indicators point to a possible turnaround in the second quarter, according to the World Trade Organization’s latest WTO Goods Trade Barometer.

Senate Finance Committee Chairman Ron Wyden (D-Ore) called on President Biden yesterday to revoke Uganda’s trade preferences under the African Growth and Opportunity Act in response to the country’s new law that would punish LGBTQI+ individuals with jail or even the death penalty.

The Administration is once again making use of the rapid response labor mechanism in the US- Mexico-Canada Agreement to deal with alleged worker rights violations at a Mexican factory, this time naming a Mexican-controlled entity. …

US Secretary of State, Antony Blinken, announced that there has been a notable alignment between US and European Union (EU) officials on an array of economic issues. This announcement came after the fourth meeting of the US-EU Trade and Technology Council (TTC).

In their Joint Statment, members of the US - EU Trade and Technology Council expressed support for the ongoing sanctions activities, export and investment controls:

The United States was the world's largest services market and was the top exporter and importer of services in 2021, according to a new report released by the U.S. International Trade Commission (USITC).  Preliminary data for 2022 indicate an increase of 15.9 percent in total services exports compared to the previous year.

Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two Syrian money service businesses, Al-Fadel Exchange and Al-Adham Exchange Company, for their covert aid to the …

Treasury’s Office of Foreign Assets Control (OFAC) designated four companies generating revenue from, and contributing to, the conflict in Sudan. The entities designated today are affiliated with the two embattled forces that are fueling the ongoing conflict in Sudan: two companies affiliated with the paramilitary Rapid Support Forces (RSF) and two companies affiliated with the Sudanese Armed Forces (SAF). Consistent with OFAC’s policy of supporting the basic needs of vulnerable populations while continuing to deny resources to malign actors, OFAC is issuing three general licenses (GLs) concurrent with today’s action.

The Vietnamese government-owned company VTA Telecom Corporation (VTA) has been administratively debarred for violating the International Traffic in Arms Regulations (ITAR), according to a public notice issued by the Department of State.  VTA Telecom Corporation was found to have exported or attempted to export ITAR-controlled defense articles, including hobby rocket motors, video trackers, and a gas turbine engine, without proper authorization.

Directorate of Defense Trade Controls (DDTC) has released new frequently asked questions (FAQs) regarding the Open General License (OGL) Pilot Program. In addition, DDTC has released updated versions of previously published OGL FAQs and related factsheet

The strategic objectives that guide the U.S. economic approach towards China are securing U.S. and allied national security interests, promoting respect for human rights, fostering bilateral economic growth through healthy competition, and cooperating on pressing global issues, testified Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg to a Senate Panel Wednesday.  

American fashion brand Guess has reacquired its 30% stake from its Russian partner Vyacheslav Shikulov, an unusual move for the Russian fashion market. The deal, valued at €8 million (US$8.5 million), has consolidated 100% of Guess's Russian business after receiving approval from the US Treasury Department.

Customs and Border Patrol announces their intent to distribute to affected domestic producers the assessed antidumping or countervailing duties and interest that are available for distribution in Fiscal Year 2023 in connection with those antidumping duty orders or findings or countervailing duty orders listed in the announcement.

In a concentrated effort to overhaul dispute resolution proceedings within the World Trade Organization (WTO), Marco Molina, Deputy Permanent Representative of Guatemala to the WTO, updated  WTO members on the progress made in resolving dispute settlement reform,

A federal court unsealed charges against two Los Angeles residents Friday for their involvement in an alleged bribery scheme directed by the People's Republic of China (PRC), marking another chapter in the ongoing confrontation between the United States and China over transnational repression tactics.

Under Secretary of State for Arms Control and International Security, Bonnie D. Jenkins, is set to travel to the Republic of Korea (ROK) from May 29 to June 2, to continue the United States' …