Treasury CFIUS Pilot Program Overlaps with Made in China 2025 Sectors

By Robert Holleyman, Alan W. H. Gourley, Addie Cliffe, Evan Yu & Jing Jing Zhang on November 8, 2018

On October 10, Treasury announced interim regulations to implement certain provisions of the Foreign Investment Review Modernization Act (FIRRMA), which President Trump signed into law on August 13, 2018. As part of that announcement, Treasury will initiate a pilot program imposing mandatory declarations on transactions involving certain sensitive sectors. That pilot program is due to go into effect on November 10, 2018 and will cover 27 “pilot program industries.” One of the questions for analysis…

International Trade Law

2018 Midterm Elections Update: Impact on U.S. Trade Policy

By Robert Holleyman, Melissa Morris, Joshua Boswell, Jing Jing Zhang & Evan Yu on November 7, 2018

The 116th Congress begins on January 3, 2019. Based on projections from yesterday’s midterms, Democrats will control the House of Representatives by a narrow margin, while Republicans will expand their hold on the Senate. The changes to Congress are likely to shape trade policy through 2019, but much will depend on how House Democrats use their new majority, and whether trade is a priority issue or whether it will be overtaken by domestic issues. Companies…

International Trade Law

China Issues Retaliatory Tariffs on $16 Billion in U.S. Goods – Releases List of Affected HTS Subheadings including additional 219 tariff items

By Frances P. Hadfield, Jing Jing Zhang & Aaron Marx on August 8, 2018

On August 8, China released its list of retaliatory tariffs on $16 billion in U.S. goods. This was in direct response to the USTR’s announcement on August 7 of the final List 2 of Section 301 tariffs on $16 billion in Chinese imports. The Chinese Ministry of Finance’s list released today includes an additional 219 tariff items that were added to the list China originally released back in June. Both the U.S. and China are setting tariff rates at 25%…

International Trade Law

China Responds in Kind to U.S. Section 301 Tariffs – 545 Categories of Goods Get Increased Tariffs Starting July 6

By Yun Gao, Jing Jing Zhang, Cherie Walterman & Edward Goetz on June 18, 2018

On June 15, China’s State Council announced it would retaliate against new U.S. tariffs stemming from its Section 301 investigation of China’s unfair trade practices related to the “forced transfer of American technology and intellectual property”. The list of retaliatory tariffs expanded some 106 types of products China originally disclosed in April in response to the U.S. Section 232 tariffs on steel and aluminum products. China announced that the added tariffs would target $50 billion…

International Trade Law

CFIUS REFORM: WHITE HOUSE ENDORSES FIRRMA LEGISLATION AHEAD OF SENATE HEARING

By Alan W. H. Gourley, Robert Holleyman, Addie Cliffe & Jing Jing Zhang on February 12, 2018

On January 24, a day ahead of a Senate Banking Committee hearing on reforming the Committee on Foreign Investment in the United States (CFIUS), the White House issued its official endorsement of Senator John Cornyn’s (R-TX) bill, “Foreign Investment Risk Review Modernization Act” (“FIRRMA,” S. 2098). Congressman Robert Pittenger (R-NC) has introduced companion legislation in the House of Representatives (H.R. 4311). In its press statement, the White House noted that CFIUS modernization…

International Trade Law

New CFIUS Legislation Introduced in Congress

By Robert Holleyman, Addie Cliffe, Alan W. H. Gourley & Jing Jing Zhang on December 7, 2017

On November 8, 2017, Senator John Cornyn (R-Tex), the second-ranking Republican in the Senate, Senator Dianne Feinstein (D-Cal) and Richard Burr (R-NC) jointly introduced legislation (S. 2098) to amend the Defense Production Act provision, 50 U.S.C. § 4565, that provides for review of “covered transactions” by the inter-agency Committee on Foreign Investment in the United States (CFIUS). The bill, entitled the “Foreign Investment Risk Review Modernization Act” (FIRRMA), does not go as far…

Jing Jing Zhang

Treasury CFIUS Pilot Program Overlaps with Made in China 2025 Sectors

2018 Midterm Elections Update: Impact on U.S. Trade Policy

China Issues Retaliatory Tariffs on $16 Billion in U.S. Goods – Releases List of Affected HTS Subheadings including additional 219 tariff items

China Responds in Kind to U.S. Section 301 Tariffs – 545 Categories of Goods Get Increased Tariffs Starting July 6

CFIUS REFORM: WHITE HOUSE ENDORSES FIRRMA LEGISLATION AHEAD OF SENATE HEARING

New CFIUS Legislation Introduced in Congress

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