Your Daily Trade Policy Briefing

US Treasury Issues First Outbound Investment Penalty, Russian Diesel Deal Faces Bipartisan Opposition

• The U.S. Department of the Treasury announced its first civil penalty under the Outbound Investment Security Program (OISP) on October 7, 2026, fining Amidi LLC $200,000 for failing to notify an investment by its Chinese subsidiary in an artificial intelligence company. This enforcement action signals the Treasury's active monitoring and intent to deter future violations, with OISP's jurisdiction set to expand by March 2027.

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• A bipartisan group of 12 U.S. senators urged President Trump on October 13, 2026, to reverse the temporary lifting of sanctions on Russian diesel exports. They argue the October 9 Treasury license could fund Russia's war in Ukraine and offers minimal U.S. fuel price relief, while violating a 2022 law banning Russian energy imports.

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• Global trade tensions persist as the U.S. and 27 other nations adopted the "Milwaukee Framework" on October 12, 2026, a coordinated initiative to combat steel overcapacity, primarily from China. Concurrently, the U.S.-Canada trade dispute escalated with Canada's September 8 retaliatory tariffs on C$27.6 billion in U.S. goods, following earlier U.S. tariffs.

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