
Event
2025 Insurathon: Pitch to win £50,000 of investment and pro bono UK legal advice
The Insurathon is a Norton Rose Fulbright event which fosters technological advancements and innovation in the insurance sector, now in its eighth year.
Global | Publication | March 2025
On 16 January 2025, the USTR published a notice of determination that China’s targeting of the maritime, logistics and shipbuilding sectors for dominance is actionable under Section 301 of the US Trade Act of 1974. Section 301 grants the USTR the authority to investigate and remediate, including through the imposition of tariffs or other import restrictions, foreign trade practices that it determines (1) are unreasonable or discriminatory, and (2) burdens or restricts US commerce.
Subsequently, on 21 February 2025, the USTR published its proposed actions on the basis that the USTR has “found China’s acts, policies, and practices to be unreasonable and to burden or restrict US commerce”.
In summary, the USTR’s proposed actions include its plan to impose (1) significant port fees on Chinese maritime transport operators and operators with current fleets of Chinese-built vessels (including operators with orders for such vessels), and (2) requirements for the increased use of US vessels to carry US goods in coastwise and international transport from US ports. If adopted, the proposed actions will have far reaching consequences, both politically and economically.
The deadline for submission of comments is 24 March 2025.
NRF’s fuller summary of USTR’s proposed actions can be found here, and a link to USTR’s consultation can be found here.
Event
The Insurathon is a Norton Rose Fulbright event which fosters technological advancements and innovation in the insurance sector, now in its eighth year.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025