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The UK-US ‘Economic Prosperity Deal’ and Its Impact

On May 8, 2025, the U.K. and U.S. announced a trade deal to reduce or remove tariffs on each other’s exports, including on cars, steel and aluminum, and released the general terms for a potential U.K.-U.S. trade agreement....more

Reciprocal Tariffs: Presidential Memorandum Orders Investigations but No Immediate Action or Duties

On February 13, 2025, President Donald Trump signed a presidential memorandum (the Memorandum) ordering the Office of the U.S. Trade Representative (USTR) and the Department of Commerce to initiate investigations of “harmful”...more

USTR Opens Section 301 Exclusion Process for Manufacturing Machinery

The Office of the U.S. Trade Representative (USTR) has opened a process whereby parties can request exclusions from Section 301 tariffs for imports of certain Chinese-origin machinery used in manufacturing. The launch of this...more

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