House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., called on the Trump administration June 23 to enforce a 2024 law that requires China’s ByteDance to sell TikTok or face a U.S. ban on the popular social media application.
Australia should impose an arms embargo on Israel along with other sanctions in response to human rights violations committed by the Israeli government and some Israeli citizens against Palestinians in the West Bank, the Australian Center for International Justice said.
Organizations complying with Australian anti-money laundering and counterterrorism financing rules may soon be required to carry out certain sanctions screening procedures to make sure they’re not violating the country’s sanctions laws.
The Council of the European Union on June 23 sanctioned five people associated with the regime of former Syrian President Bashar Assad for their "crimes against humanity and for fueling sectarian violence." Three of the people -- Miqdad Fatiha, Ghaith Dalla and Suhayl al-Hasan -- are former members of the Syrian Republic Guard and Armed Forces who formed militias that "fueled sectarian tensions and incited violence" after the fall of the Assad regime. The council also listed two businessmen, Mudalal Khoury and Imad Khoury, who helped finance crimes against humanity committed under the regime, including the use of chemical weapons.
A large U.S. sanctions penalty earlier this month is a sign of the Office of Foreign Assets Control’s rising compliance expectations for investment firms, accountants, wealth advisers and other financial “gatekeepers,” particularly if they’re aware that funds may be indirectly tied to a sanctioned person, law firms said. The fine, which was the largest OFAC penalty since 2023, also could begin a trend of tougher enforcement on those gatekeepers, law firms said, especially if they rely on wrong legal advice or don’t fully cooperate with OFAC.
The National Customs Brokers & Forwarders Association of America and dozens of state and national-level trade groups representing shippers have signed a letter warning the heads of multiple federal agencies of potential supply chain disruptions that could result should tariff changes proceed as planned.
Sanctioned Russian shadow fleet vessels can receive port access and services at an EU port if they’re carrying dangerous or polluting goods that need to be unloaded, the European Commission said in a new FAQ last week. Those vessels can offload “for a unique emergency port call” if they were sanctioned while they were carrying the cargo, the FAQ said, “and in any case not later than 30 days from the date of targeting.” It also said a “60-day winddown period is justified” in cases where other circumstances “do not allow for an earlier offloading of the dangerous or polluting goods and serious risks persist that could endanger human life, marine environments, and coastal infrastructure.”
The European Commission on June 20 extended antidumping duties on graphite electrode systems from China to cover artificial graphite in blocks or cylinders in an effort to combat duty circumvention, the Directorate-General for Trade and Economic Security announced. The commission said it found in an investigation that the AD on graphite electrode systems from China was being circumvented by entries of artificial graphite, which is the main input material of graphite electrode systems. The AD rate on artificial graphite that is used to produce GES will be set at 74.9%.
The European Commission on June 19 decided to exclude Chinese companies from EU government purchases of medical devices exceeding $5.7 million following the first investigation under the EU's International Procurement Instrument. The decision allows no more than 50% of Chinese inputs for successful bids, the commission said. The EU said it will add exceptions "where no alternative suppliers exist."
Canada is preparing new and revised tariffs, along with a tariff quota, to address what it said is the Trump administration’s “unfair trade” measures in the steel and aluminum sectors. The new tariffs and other measures will be in place as Canada negotiates a new “economic and security partnership” with the U.S., the country’s Department of Finance announced June 19.