In a significant development, President Biden recently signed a national security package (H.R. 815) into law, incorporating various provisions that have far-reaching implications for multinational companies and international affairs. This blog post aims to summarize the key highlights of the legislation, including measures such as doubling the statute of limitations for US sanctions violations, authorizing…

The International Monetary Fund (IMF) has warned that the growing divide between the United States and China and their respective trade blocs could lead to a “reversal” for the global economy. According to IMF Deputy Managing Director Gita Gopinath, events such as the COVID-19 pandemic and Russia’s invasion of Ukraine have upended global trade relations…

U.S. Lawmaker Conducts Probe into FTC Collaboration with EU Regarding Amazon-iRobot Merger The article discusses a U.S. lawmaker’s investigation into the Federal Trade Commission’s collaboration with the European Union to block a potential merger between Amazon and iRobot. The lawmaker is concerned that such collaboration would harm American companies and competition. The investigation aims to…

Efforts to Reform WTO Dispute Settlement System Gain Momentum Countries within the World Trade Organization (WTO) are preparing to restart discussions aimed at addressing the challenges in the dispute settlement system. This initiative, set to be concluded by the end of the year, is an attempt to reform and replace the WTO’s appeals bench, which…

On April 30, the second phase of Britain’s new post-Brexit border controls for food imports from the European Union is set to commence, marking a significant milestone in the evolving trade landscape between the UK and the EU. This latest development, part of the Border Target Operating Model (BTOM), introduces physical checks for “medium risk”…

The ongoing trade tensions between the United States and China have taken a new turn as China recently announced the imposition of a levy on imports of a key chemical from the US. The acid in question, propionic acid, is widely used in various industries, including food, feed, pesticides, and medical fields. This move by…

In a significant development, an aide to a member of the far-right Alternative for Germany (AfD) party has been arrested in Germany on suspicion of espionage for China. The arrest is part of a series of similar incidents across Europe, raising concerns about Chinese spying activities. The situation underscores the growing tensions surrounding intelligence activities…

Adapting Supply Chains: Resilience Amidst the Baltimore Bridge Collapse Following the collapse of a bridge in Baltimore, the resilience of supply chains and transportation modes has been demonstrated as they adapt to mitigate logistical challenges. Stakeholders have worked to keep cargo flowing by extending permitted hours for truckers, swiftly restoring the channel, and utilizing nearby…