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US Drafts AI Chip Export Controls

The US is reportedly drafting new export control regulations for AI chips, which would implement a tiered licensing system based on computing power. These draft rules aim to position the US as a gatekeeper for the global AI industry and could impose significant pre-clearance requirements for high-volume exports.

Commerce Final Results: Antidumping Duty on Pasta from Italy

The U.S. Department of Commerce announced final results for the antidumping duty administrative review of certain pasta from Italy for the period July 1, 2023, to June 30, 2024. Final dumping margins range from 2.65% to 7.00% for specific producers, and 5.21% for non-selected companies.

Proposed Rule on Section 5949 NDAA Chip Supply Chain Ban

The FAR Council has issued a proposed rule to implement Section 5949 of the NDAA, clarifying prohibitions on certain Chinese semiconductor products and services in federal procurements. The rule aims to enhance supply chain security for government contractors and applies broadly to all federal acquisitions.

FAR Council Proposes Rule Restricting Covered Semiconductor Products

The FAR Council has proposed a rule to implement Section 5949 of the FY 2023 NDAA, restricting federal agencies from procuring products or services containing certain covered semiconductor products from designated entities. The proposal includes requirements for contractor inquiry, certification, and potential reporting.

EU to Provisionally Apply EU-Mercosur Trade Agreement Pending CJEU Opinion

The European Commission announced it will provisionally apply the EU-Mercosur Interim Trade Agreement (iTA) despite the European Parliament's request for a Court of Justice of the EU opinion. This follows ratification by Argentina and Uruguay, with provisional application potentially starting in May 2026.

Canada Eases Syria Sanctions on Imports, Exports, Investments, Services

The Government of Canada has eased significant sanctions against Syria, removing restrictions on imports, exports, investments, and financial services. Twenty-four entities and one individual were delisted, including major financial institutions, to facilitate economic recovery and investment.

EU Proposes Industrial Accelerator Act with "Made in EU" Requirements

The European Commission has proposed the Industrial Accelerator Act (IAA) to bolster the EU's industrial base and boost demand for EU-manufactured products. The act introduces "Made in EU" requirements across strategic sectors, aiming to reduce dependencies and increase manufacturing's share of EU GDP.

UK Imposes Anti-Dumping Measure on Chinese Tin Mill Imports

The UK Government has accepted the Trade Remedies Authority's recommendation to impose new anti-dumping measures on imports of tin mill products from China. Duties of 27.85% and 49.98% will be applied to protect the UK's tin mill industry from injury caused by dumped imports.

Germany Updates Product Liability Law

Germany's Bundestag has begun reviewing a draft act to modernize its Product Liability Act, transposing an EU directive. The reform aims to update the law for digital products, AI, and global supply chains, with an expected entry into force by December 9, 2026.

Trump Administration Establishes $20B Reinsurance Facility for Persian Gulf Shipping

The Trump administration has established a $20 billion reinsurance facility through the U.S. International Development Finance Corporation (DFC) to support private insurers providing coverage for maritime shipping in the Persian Gulf. This initiative aims to reduce war risk premiums and ensure the free flow of energy commodities.