USA

A new ruling by the U.S. Court of International Trade may invalidate the additional tariffs imposed under Section 232 on steel and aluminium derivative products, with refunds ordered for any tariffs paid on those products by the plaintiff. The CIT ruled that the Section 232 tariffs established on steel and aluminium could not be extended beyond the basic products originally covered by Proclamations 9704 and 9705 of 8 March 2018. More

The U.S. Securities and Exchange Commission recently issued interim final amendments detailing the process for identifying “Commission-Identified Issuers” within the context of the Holding Foreign Companies Accountable Act, which bans trade on any U.S. securities exchange of shares of any firm if the firm’s audit reports cannot be audited by the Public Company Accounting Oversight Board for three consecutive years. More

The U.S. Federal Communications Commission on 17 March voted unanimously to take the next steps toward barring Pacific Networks Corp. and its wholly-owned subsidiary ComNet, along with China Unicom Americas, from all activity in the United States. More

The Biden administration has outlined its primary defences to the more than 3,500 cases filed at the U.S. Court of International Trade against Section 301 tariffs on List 3 and 4A goods from mainland China. The U.S. asserts, among other things, that USTR had statutory authority to issue these tariffs because the burden or restriction on U.S. commerce by the mainland Chinese acts. More