Exporters and other companies could start seeing an uptick in government subpoenas as the Bureau of Industry and Security looks to increase export penalties, industry officials said this week, adding that businesses should make sure they’re scrutinizing transactions and watching for red flags.
Laura Black, former director of policy and international relations for the Committee on Foreign Investment in the U.S., has joined White & Case as partner in the global trade and foreign direct investment reviews practice, the firm announced. Black joins from Akin Gump, where she worked as senior counsel since 2022. Black worked at CFIUS from 2018 to 2022.
A Federal Maritime Commission administrative law judge has approved a confidential agreement to settle allegations by shipper Supply Source that Hong Kong-based carrier Orient Overseas Container Line Limited (OOCL) imposed unfair demurrage and detention charges, according to an FMC notice released April 1.
Moldova formally accepted the World Trade Organization Agreement on Fisheries Subsidies on April 8, bringing the number of countries that have accepted the deal to 96. The WTO needs 15 more countries to accept to get to two-thirds of the membership, the threshold for the agreement to take effect.
China opened a dispute at the World Trade Organization on April 8 on the U.S. reciprocal tariffs, claiming that the duties violate the General Agreement on Tariffs and Trade (GATT) 1994, the Agreement on Customs Valuation and the Agreement on Subsidies and Countervailing Measures. China's challenge covers the 34% additional tariff on Chinese imports that is set to take effect April 9, along with the 10% duty on imports from all trading partners, which took effect on April 5.
U.K. Prime Minister Keir Starmer has named Stephen Lovegrove, a former U.K. national security adviser and defense minister, the special representative to the AUKUS partnership between Australia, the U.K. and the U.S. Lovegrove called AUKUS a “uniquely powerful partnership which will develop and deliver cutting-edge capabilities” and help boost the U.K.’s defense industrial base. “I look forward to starting work immediately to help maximise the potential of this vital partnership,” he said.
Federal Maritime Commission Chairman Louis Sola this week applauded the Panama Maritime Authority for recently removing from its registry more than 100 vessels sanctioned by the U.S. and other governments, saying the move is helping to pressure Iran and other nations operating so-called shadow fleets. He also said the FMC may investigate other registries that haven’t removed those ships.
Taiwan Semiconductor Manufacturing Company may face a fine of up to $1 billion or more if the Commerce Department determines it violated U.S. export control laws against Huawei, Reuters reported April 8. The Bureau of Industry and Security has reportedly been investigating the chip company after one of its chips was found in a Huawei product (see 2411120011 and 2410230019), and Reuters said Commerce could reach a $1 billion penalty because export control regulations allow the agency to issue a fine of up to twice the value of transactions that violate the rules. Reuters said it "could not determine how the Trump administration will proceed with TSMC or when the matter would be resolved."
Sen. Mark Warner, D-Va., accused the Trump administration April 7 of violating the 2024 law that requires China’s ByteDance to divest TikTok or face a U.S. ban on the social media application.
Sens. John Curtis, R-Utah, and Jeff Merkley, D-Ore., introduced a bill April 8 that would require the administration to write a report to Congress on Hong Kong’s role in export control and sanctions evasion.