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The Federal Maritime Commission has proposed a $200,000 fee on Spanish-flagged vessels entering U.S. ports and restrictions on selected Spanish exports, escalating a dispute over Spain’s denial of port access to vessels carrying cargo bound for or coming from Israel. The proposal would extend the dispute to U.S. importers of Spanish olive oil, cosmetics, ceramics, and other goods.
The dispute puts COSCO’s access to reduced U.S. port inspections under scrutiny as lawmakers press the Coast Guard to account for national security risks alongside vessel safety. COSCO has denied the espionage allegations, saying its onboard equipment serves legitimate commercial purposes.
U.S. private equity firm Carlyle Group has abandoned its active pursuit of Lukoil's international assets after its acquisition agreement expired without Treasury Department approval, leaving a consortium led by investor Todd Boehly among the remaining contenders for the Russian oil company's overseas business.
The European Union added 1,646 persons and entities to its Russia sanctions list on October 12, increasing the number of designations under its Ukraine territorial-integrity regime by about 35%, to nearly 4,600.
The result lowers the combined duty rate for many Canadian lumber suppliers but leaves importers with company-specific obligations and a separate tariff burden.
Members remained at odds over non-discrimination, development treatment, and institutional authority, while new reporting documented progress in resolving market access concerns and expanding supply chain finance.
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