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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

Navigating the Impact of the Trump Tariffs on Commercial Contracts

The evolving U.S. tariff regime under President Donald Trump has had and likely will continue to have profoundly impacts on commercial contracts. Commercial actors are evaluating their contractual commitments to determine the...more

Trump Revives and Expands the Battle Over Digital Services Taxes

On February 21, 2025, President Donald Trump issued a presidential memorandum (the Memorandum) signaling that his administration intends to take action with respect to tax and regulatory measures affecting U.S. digital...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

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