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
President Donald Trump’s tariffs on virtually all goods from Canada and Mexico went into effect at midnight on March 4, 2025. The tariffs were effected through an expiry of the extension of the previous executive order (see...more
3/5/2025
/ Canada ,
China ,
Contract Terms ,
Executive Orders ,
Global Economy ,
International Trade ,
Mexico ,
National Security ,
Popular ,
Tariffs ,
Trade Relations ,
Trump Administration
Parties confronted by the prospect of new tariffs will need to assess their impact on existing contractual obligations. U.S. law imposes the initial payment of the tariff on the importer of record who brings the good into...more
2/11/2025
/ Contract Terms ,
Exports ,
Imports ,
International Litigation ,
International Trade ,
National Security ,
Regulatory Requirements ,
Risk Management ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration