This month the Stockholm International Peace Research Institute (SIPRI) released their annual update on international arms transfers. The data revealed that imports of major arms by European states increased by 47 per cent between 2013–17 and 2018–22, while the global level of international arms transfers decreased by 5.1 per cent. Arms imports fell overall in Africa (–40 per cent), the Americas (–21 per cent), Asia and Oceania (–7.5 per cent) and the Middle East (–8.8 per cent)—but imports to East Asia and certain states in other areas of high geopolitical tension rose sharply.

A new report from the American Chamber of Commerce to the EU (AmCham EU) and the U.S. Chamber of Commerce highlights that last year was record-breaking across a range of indicators.

Treasury and the Internal Revenue Service released a notice of proposed rulemaking for the Advanced Manufacturing Investment Credit (CHIPS ITC) established by the CHIPS Act of 2022.

“By providing detailed eligibility guidance for this tax credit, we’re equipping taxpayers with the clarity and certainty they need to make investments that will increase semiconductor manufacturing and strengthen America’s semiconductor supply chain,” said Treasury Secretary Janet Yellen. 

Commerce released a Notice of Proposed Rulemaking for the guardrails intended to ensure technology and innovation funded by the CHIPS and Science Act is not used for malign purposes by adversaries.

The US Court of International Trade on Friday sided with the Administration in a challenge raised by over 3,600 companies against Section 301 tariffs imposed on a wide array of Chinese products.

The US Trade Representative’s Office tabled negotiating texts on labor, environment, digital trade and technical assistance at the second round of negotiations on the Indo-Pacific Economic …

Current Export Controls threaten the "seamless collaboration" envisioned by the AUKUS agreement, according to politicians and researchers alike.

Bipartisan legislation to beef up the Customs-Trade Partnership Against Terrorism was introduced last week. The legislation – the Customs-Trade Partnership Against Terrorism Pilot Program Act – would create a pilot program to strengthen the C-TPAT program within Customs and Border Protection.

Ways & Means Chairman Jason Smith (R-MO) led a delegation south of the border last week, starting in Mexico, where the Committee’s youngest Chairman in history and self-described “firebrand” had an opportunity to act statesmanlike.

Thursday the Office of the United States Trade Representative (USTR) released summaries of texts proposed by the U.S. side during the first negotiating round of the U.S.-Taiwan Initiative on 21st Century Trade, which was held in Taipei, Taiwan mid-January. 

The United States is holding hostage a decision to extend the World Trade Organization’s 12th ministerial conference decision on paragraph eight of the TRIPS Agreement to COVID-19 diagnostics and therapeutics on grounds that Washington cannot reach a decision until the International Trade Commission completes its investigation, our correspondent has learned.

The oil price cap sanctions on Russia are proving an unqualified success, according to a senior Treasury official.  Speaking at the American Enterprise Institute,  Ben Harris, assistant secretary for economic policy and chief economist at the Treasury Department discussed the price regime’s effectiveness to date.

The International Trade Commission released its comprehensive review of the economic impact of the 2018 tariff action protecting American Steel and Aluminum and those penalizing importers of Chinese goods. 

The tariffs were based on national security investigations pursuant to section 232 on steel and aluminum, and a section 301 investigation concerning China’s "acts, policies, and practices related to technology transfer, intellectual property, and innovation."

The Automated Export System has been modified to report shipments governed by last Fall's Certain Advanced Computing and Semiconductor Manufacturing Items; Supercomputer and Semiconductor End Use Rules.

The United States has joined the World Trade Organization’s Informal Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade, where members are looking at next year’s 13th Ministerial Conference as an opportunity for the WTO to deliver outcomes to reduce plastics pollution and address environmental concerns, according to participants in the dialogue.

In a presentation the CBPs Forced Labor Expo in Wednesday, Dr. Laura Murphy of Sheffield Hallam University (UK) made an impassioned plea for industry to know their supply chain.  

China presented a proposal for "dedicated multilateral discussions on the trade aspects and implications of certain environmental measures" at Wednesday’s meeting of the WTO Committee on Trade and Environment (CTE). 

A Pennsylvania coal miner formerly controlled by Texas buyout firm Quintana Capital has been given a pass on prosecution for FCPA violations involving $143 million in coal sales to Egypt in exchange for a $1.2 million payment to the Department of Justice Fraud Division.

U.S. Customs and Border Protection has published a Frequently Asked Questions document related to the upcoming UFLPA Region Alert and Postal Code Requirements that will go into effect on March 18, 2023.

A proposed rule issued yesterday by the Agriculture Department contains new regulatory requirements aimed at better aligning the voluntary “Product of USA” label claim with consumer …