💊Treasury Sanctions Chinese Firms Over Fentanyl Trafficking
International Trade
Public Health
National Security
Treasury's new OFAC designations on March 21, 2025, target four companies linked to opioid precursor chemicals in China. The sanctions aim to curb overdose crisis while Beijing threatens soybean duties as geostrategic tensions combine sanctions with tough supply chain rhetoric.
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Key Takeaways
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Why This Matters
Your Public Health:
Aims to curb overdose crisis by cutting off Chinese chemical suppliers fueling fentanyl production.
Your Trade Repercussions:
Beijing threatens soybean duties against American farmers in retaliation for sanctions.
Your Geo-Strategy:
Combines sanctions with tough rhetoric on supply chains affecting U.S.-China relations.
Your Drug Crisis:
Tests whether economic pressure can stop flow of deadly chemicals into American communities.
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Detailed Content
1
Treasury’s March 21 sanctions targeted how many Chinese chemical firms for fentanyl trafficking?
Multiple Choice
Government
2
Which Treasury office issued the designations?
Multiple Choice
Public Policy
3
The action relies on which statute giving the president emergency economic-powers?
Multiple Choice
Constitutional Law
4
Treasury estimates the targeted network moved how many metric tons of precursor chemicals annually?
Multiple Choice
Public Policy
5
Which advocacy group welcomed the move but urged tougher controls on U.S. LLC formation?
Multiple Choice
Civic Action
6
What civil-penalty maximum can OFAC impose per violation under the Foreign Narcotics Kingpin Designation Act?
Multiple Choice
Public Policy
7
House Bill H.R. 747 would make which sanction type mandatory for fentanyl traffickers?
Multiple Choice
Government
8
Courts review OFAC designations under what standard?
Multiple Choice
Constitutional Law
9
Who is the current Director of OFAC who signed the notice?
Short Answer
Government
10
Which clause gives Congress power to regulate foreign commerce, underpinning sanction statutes?
Short Answer
Constitutional Law
11
12
The sanctions freeze any U.S. assets owned by the listed companies.
True/False
Government
13
14
China’s Ministry of Commerce denounced the sanctions as “long-arm jurisdiction.”
True/False
Public Policy
15
No U.S. resident can lawfully receive OFAC-issued licenses to transact with the sanctioned firms.
True/False
Constitutional Law