The Office of the United States Trade Representative (USTR) has announced additional retaliatory tariffs under Section 301 of the Trade Act of 1974 on European Union goods as a result of World Trade Organization (WTO) findings on EU Airbus subsidies. On April 8, the USTR released a preliminary list of EU products that are set to be subject to additional tariffs, pending arbitration at the WTO.

According to the statement, USTR estimates that the EU subsidies cost the U.S. $11 billion in trade per year. It identifies EU products to which additional duties may be applied until the EU removes those subsidies. The EU has challenged the claims put forth by USTR.  The results of the WTO settlement dispute are expected to be issued this summer.

In response to a recent uptick in migrant apprehensions at the U.S.-Mexico border, President Donald Trump threatened to close the port of entry in his latest crackdown on immigration. On March 30, Trump tweeted that the next step is to close the border should Mexico fail to stop migrants from entering the U.S.

On April 1, former Homeland Security Secretary Kirstjen Nielson authorized U.S. Customs and Border Protection (CBP) to re-deploy officers at the southern border to assist with managing the recent mass arrival of Central American immigrants. According to American Shipper, CBP plans to dedicate up to 750 officers from its Office of Field Operations to provide emergency immigration assistance along the southern border. On April 7, Kirstjen Nielson offered her resignation to President Trump.

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The U.S. Office of Foreign Assets and Controls (OFAC), along with several other agencies, requires that companies block not only entities and parties on the Sanctions List, but also companies who are owned, totally or in part, by those blocked entities. Dow Jones now provides us with their Sanctions Beneficial Ownership List to enhance our ONESOURCE Global Trade Denied Party Screening tool. While we have access to hundreds of government lists of denied entities, the Dow Jones’ Sanctions Beneficial Ownership List goes one step further by associating denied entities with companies owned by those individuals or parties. This partnership offers a more robust screening process against sanctioned entities for compliance professionals.