The Balboa port is one of two terminals along the strategic Panama Canal that have become a flashpoint in the intensifying rivalry between the U.S. and China in Latin America.
The regulations allow the government to target foreign organizations and individuals if they suspend normal trade with China in violation of market rules.
The proposed bill would blacklist some of China's biggest chip companies, and give U.S. allies 150 days to show progress with aligning on these controls.
The charges deliver on threats the president made last fall to impose 100% tariffs on branded or patented medicines unless companies move production to the U.S.
After decades of pursuing supply chain efficiency, U.S. companies have turned their focus to what’s politely termed “resilience,” but might better be described as redundancy.
Jay Cho, managing director of tariffs and customs at Aprio, advises what importers should (and should not) be doing right now to prepare for duty refunds.