EU-U.S. trade: Parliament gives its green light to tariff legislation
“The final text now contains a far stronger safety net, including a robust suspension clause, a sunset clause, a safeguard clause, enhanced review mechanisms and stronger democratic oversight.”
[European Parliament]
U.S. holds off blacklisting more than 100 firms deemed security risks
“The dearth of listings offers a window into what many see as a larger problem at the Bureau of Industry and Security under the second Trump administration — an inability to act or issue new rules to combat threats that can be reduced by restricting exports.”
[Reuters]
Korea, U.S. customs chiefs pledge closer ties to foil tariff evaders
“The discussions focused primarily on combatting origin fraud, a rising corporate evasion scheme in which manufacturers in third countries falsely relabel their products as Korean-made to exploit preferential trade terms and circumvent punitive U.S. tariffs.”
[The Korea Times]
Canada introduces legislation to strengthen ban on goods produced with forced labor
“The Act would also require importers of the listed high-risk goods to provide the Canada Border Services Agency (CBSA) with ‘enhanced supply chain tracing information.’ Failure to do so will trigger another provision of the Act whereby the goods of the importer identified as high-risk will be ‘deemed’ as prohibited goods.”
[Jurist News]
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