The Trump Administration's renewed focus on tariffs has created novel and interrelated issues for businesses' tax and trade functions. Businesses are now faced with a changing landscape and are exploring strategies to...more
On May 12, 2025, the United States and China issued a joint statement in Geneva outlining an agreement to de-escalate from the latest rounds of tariff increases. The arrangement reduces tariffs back to the levels of the...more
5/15/2025
/ China ,
Executive Orders ,
Exports ,
Imports ,
International Trade ,
Popular ,
Retaliatory Tariffs ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
On April 2, 2025, President Trump issued the long-anticipated “reciprocal tariff” order, imposing tariffs on most US trade partners. The tariff includes two components: (i) a 10% “baseline” rate on most trade partners,...more
4/7/2025
/ Canada ,
China ,
Executive Orders ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Mexico ,
Popular ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
E-commerce platforms and others could face significant challenges due to recent and proposed changes to de minimis entry (the process for importing products without tariffs and with simplified customs procedures if the total...more
On July 10, 2024, United States President Joseph R. Biden issued two separate proclamations that narrow the exclusions from tariffs imposed under Section 232 of the Trade Expansion Act of 1962 ("Section 232") for certain...more
Canada’s new anti-forced labour legislation, the Forced and Child Labour in Supply Chains Act, will come into effect in January 2024, with due diligence reporting requirements starting on May 31, 2024....more
11/29/2023
/ Canada ,
Child Labor ,
Corporate Counsel ,
Forced Labor ,
Imports ,
Legislative Agendas ,
Modern Slavery Act ,
New Legislation ,
Popular ,
Reporting Requirements ,
Supply Chain ,
United States-Mexico-Canada Agreement (USMCA) ,
Uyghur Forced Labor Prevention Act (UFLPA)
The United States, the European Union, and Germany have recently adopted or proposed new rules requiring enhanced due diligence in supply chains, targeting human rights and environmental issues. This alert examines key...more
2/24/2023
/ Civil Monetary Penalty ,
Compliance ,
Customs and Border Protection ,
Due Diligence ,
Enforcement ,
Environmental Social & Governance (ESG) ,
EU ,
Forced Labor ,
Germany ,
Human Rights ,
Imports ,
Penalties ,
Popular ,
Proposed Rules ,
Supply Chain ,
Uyghur Forced Labor Prevention Act (UFLPA) ,
Withhold Release Orders (WROs)
A recent (February 9, 2023) US Court of International Trade ("CIT") remand opinion, Meyer Corp., US v. United States, has revived various global supply-chain apprehensions that a previous (August 11, 2022) reversal by the US...more
The United States has added yet another customs tool in its ongoing work against forced labor in supply chains. Following on the heels of the Uyghur Forced Labor Prevention Act ("UFLPA") and an uptick in Withhold Release...more
Most of the potential complications and outcomes outlined above were not considered by the US Congress and other WTO members, which previously considered only conventional businesses competing among themselves when drafting...more
Since at least the 1970s and the publication of Milton Friedman's "shareholder primacy" doctrine, throughout the hostile takeover business culture of the 1980s, and during the more recent linking of executive compensation to...more
9/9/2021
/ Board of Directors ,
Consumers ,
Corporate Executive Boards ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
Executive Compensation ,
Investment ,
Investors ,
Shareholders ,
Stakeholder Engagement ,
Sustainability
Frederick Alexander, Chief Executive Officer and founder of the Shareholder Commons—a nonprofit organization focused on issues and structures for a sustainable, just economy— discusses how systemic changes can help companies...more
9/8/2021
/ Corporate Governance ,
Corporate Social Responsibility ,
Disclosure ,
Environmental Social & Governance (ESG) ,
Investment ,
Investors ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Sustainability ,
Sustainable Business Practices
Holly Ensign-Barstow, the Director of Stakeholder Governance and Policy for B Lab, a nonprofit that certifies companies as B Corporations, describes the benefits of making sure a company's operations and business model...more
Due to their unique operating principles, stakeholder-capitalism businesses and benefit corporations can face different challenges and opportunities under various areas of US law that regulate competition.
In...more
9/3/2021
/ Anti-Subsidies ,
Benefit Corporations ,
Capital Markets ,
Competition ,
Countervailing Duties ,
Exports ,
Fair Trade Agreements (FTA) ,
Tariff Act of 1930 ,
Unfair Trade Practices Act ,
US Trade Policies ,
USITC ,
WTO