As advancements in artificial intelligence, (AI) technology continue to accelerate, regulatory authorities around the world face the challenge of keeping pace. This is particularly evident in the United States, where the absence of comprehensive AI regulation has resulted in a patchwork of governance across federal and state levels, industry self-governance, and the courts. In this…
The United States is preparing to impose new sanctions on Iran as part of its ongoing efforts to disrupt its malign activity in the region, according to Treasury Secretary, Janet Yellen. Speaking at a news conference on the sidelines of the International Monetary Fund and World Bank spring meetings, Yellen warned that the measures, expected…
Canada Imposes Additional Sanctions on Belarus Officials for Human Rights Violations Canada has announced another round of sanctions against Belarus officials, citing ongoing human rights violations following the disputed 2020 presidential election. The punitive measures target 21 current and former senior government figures, including members of the security forces, public prosecutors, and members of the…
Recent developments highlight the efforts of the United States and Japan to forge a new security collaboration aimed at addressing these concerns. A recent article revealed their commitment to enhancing security ties as they confront the common challenges posed by China’s actions. This blog explores the significance and potential implications of this partnership and its…
In a recent escalation of tensions, China has imposed sanctions on two U.S. defense companies for selling weapons to Taiwan. The Chinese foreign ministry announced that it has banned senior executives of these companies from entering the country and frozen their properties. This move by China is a response to what it perceives as a…
In a significant move towards combating climate change, European Union lawmakers recently adopted a groundbreaking law that will impose methane emission limits on fossil fuel imports starting from 2030. Methane, a potent greenhouse gas and the main component of natural gas, is the second-largest contributor to climate change after carbon dioxide. This new regulation places…
How to Become a Freight Broker: Opportunities, Skills, and Licensing Requirements. The freight brokerage industry is set to grow significantly in the coming years, providing ample opportunities for aspiring freight brokers. With an expected 6% annual growth rate and a projected market size of $85.9 billion by 2032, the industry’s expansion is promising. Freight brokers…
As the dynamics of global trade compliance continue to evolve, U.S. imports from Asia are undergoing a significant transformation, presenting new challenges and opportunities for the supply chain. In a recent study conducted by Oliver Wyman, it was found that a noticeable shift in imports from the West Coast to the East Coast is taking…
The recent collapse of the Francis Scott Key Baltimore Bridge has sent shockwaves through the transportation and logistics industry, raising concerns about the potential economic impact and highlighting the need for greater supply chain resilience. This catastrophic event has not only resulted in loss of life but has also disrupted the Port of Baltimore, one…
The United States has recently imposed sanctions on a Chinese cyberespionage firm for allegedly hacking into the US energy industry. This action is part of broader efforts to address cybersecurity threats and safeguard national security. This blog post will focus on the trade aspects of the article, exploring the potential impact on global trade relations…
US Lawmakers Push for Tariff Hike on Chinese-Made Drones A group of bipartisan lawmakers in the US has asked the Biden administration for a tariff increase on Chinese-made drones, including those shipped from other countries, to counter national and economic security threats. The lawmakers specifically targeted drone makers like DJI and Autel and asked for…
The Customs Broker Continuing Education program aims to ensure that licensed customs brokers stay updated on developing customs regulations and U.S. trade laws. This program, governed by the Continuing Education for Licensed Customs Brokers Final Rule, mandates the completion of 36 continuing education credit hours during each triennial status period. However, for the initial 2024-2027…
