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European Union › International Trade

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Husch Blackwell LLP

President Trump Issues New “Reciprocal” Tariff Rates Effective August 7th and Issues A Separate Executive Order Increasing Tariffs...

Husch Blackwell LLP on

On July 31, 2025, President Trump issued an Executive Order establishing revised IEEPA “reciprocal” tariff rates for imports into the U.S. from specific countries. The new rates come after the President’s 90-day pause on...more

Kelley Drye & Warren LLP

Trade Updates (July 31) - New Reciprocal Tariff Rates, an Increase in IEEPA Tariffs for Canadian Goods, and a 90-Day Pause on...

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On July 31, 2025, President Trump issued an executive order modifying the so-called reciprocal tariffs implemented under IEEPA. Country-specific rates, originally announced on April 2 through Executive Order 14527, have been...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Targets Russia’s Energy, Financial and Defense Sectors in 18th Sanctions Package

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- What is new: The EU adopted its 18th sanctions package against Russia and Belarus, imposing asset freezes on 55 additional individuals and entities, expanding sectoral sanctions and introducing new restrictions targeting...more

A&O Shearman

From calm to chaos - What tariffs and other trade restrictions mean for your supply chain contracts

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The looming expiration of the “Liberation Day” tariff suspension on August 1, 2025 marks a watershed for global trade and supply chain management. The U.S. administration’s imposition of sweeping tariffs first announced on...more

Latham & Watkins LLP

European Commission Consults on Draft Foreign Subsidies Regulation Guidelines

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On 18 July 2025, the European Commission (EC) published the draft guidelines on the implementation of the Foreign Subsidies Regulation (FSR Guidelines)....more

TransPerfect Legal

Saudi Arabia’s Global AI Hub Law: A New Model for Digital Sovereignty in the GCC

TransPerfect Legal on

Saudi Arabia has taken a bold and strategic step forward with the introduction of the draft Global AI Hub Law, designed by the Communication, Space & Technology Commission (CST). This pioneering legal framework is part of the...more

Husch Blackwell LLP

The US and EU Reach A Trade Deal—EU Goods Subject to 15% Tariff

Husch Blackwell LLP on

On July 27, 2025, President Trump announced that the U.S. and European Union (“EU”) have reached a trade deal. Pursuant to the Fact Sheet released by the White House on July 28th, the U.S. will impose a 15% tariff on all EU...more

Kelley Drye & Warren LLP

New Trade Deals with Japan, Indonesia, and the European Union Announced

Kelley Drye & Warren LLP on

In the last week, the Trump Administration announced new trade deals with Japan, Indonesia, and the European Union. The White House has now published fact sheets for all three trade deals, outlining the basic structure of the...more

Husch Blackwell LLP

Week Twenty-Six in Trade

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On July 24, 2025 the European Commission voted to impose retaliatory tariffs of €93 billion on U.S. goods if a trade deal is not reached between the United States and European Union. The tariffs will be effective August 7,...more

IR Global

The Ripple Effects of Global Tariff Wars on Italian SMEs

IR Global on

Global trade tensions are once again at the forefront of international economic discussions. In 2025, disputes between major economies, most notably between the United States, China, and the European Union, have triggered a...more

Baker Botts L.L.P.

Trump Tariff Tracker -- July 23

Baker Botts L.L.P. on

We are one week away from the re-imposition of the country specific reciprocal tariffs and U.S. trading partners continue to jockey for trade deals with the U.S. government. The latest victor in this race is Japan. The Trump...more

White & Case LLP

EU Paves Way for International Carbon Credits in 2040 Climate Target

White & Case LLP on

On 2 July 2025, the European Commission introduced its 2040 climate target of reducing greenhouse gas (GHG) emissions by 90% compared to 1990 levels. One of the key features of this strategy is the possibility to introduce...more

Akin Gump Strauss Hauer & Feld LLP

State of U.S. Tariff Policy and What’s Next: Focus on EU and Switzerland

Akin Gump Strauss Hauer & Feld LLP on

It has been a very turbulent four months since April “Liberation Day” when President Trump, invoking emergency powers, announced new “reciprocal” country-specific tariff rates on 57 United States trading partners and a 10%...more

Eversheds Sutherland (US) LLP

Global Supply Chain Horizons - July 2025

Eversheds Sutherland (US) LLP on

Welcome to the latest edition of our quarterly global supply chain horizons providing you with a update on the key developments from around the world. Cross-Border - China and the US trade deal - On June 27, the PRC...more

Burr & Forman

Latin America: Panama Advances Toward Full Mercosur Membership and is Removed from EU’s High-Risk Jurisdiction List

Burr & Forman on

The President of Panama has requested that the National Assembly approve an agreement with the Southern Common Market - Mercado Común del Sur (Mercosur), with the aim of initiating bilateral negotiations with each member...more

Akin Gump Strauss Hauer & Feld LLP

European Commission Seeks Input on Future Trade Measures to Protect EU Steel Industry

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On 18 July 2025, the European Commission (EC) launched a public consultation on future measures to protect the European Union (EU) steel sector from unfair trade practices. The deadline to provide input is 18 August 2025....more

Morrison & Foerster LLP

The Anti-Money Laundering Quarterly - July 2025

Morrison & Foerster LLP on

Designed for busy in-house counsel and compliance professionals, this newsletter summarizes some of the most important domestic and international Anti-Money Laundering (AML) regulatory and enforcement developments from the...more

Baker Botts L.L.P.

Trump Tariff Tracker -- July 16

Baker Botts L.L.P. on

President Trump continues to issue letters to countries notifying them of the tariff rates they will be subject to come August 1. For the United States’ most important trading partners, Canada, Mexico and the EU, this means...more

Warner Norcross + Judd

Potential New Tariff Rates for Canada, Mexico, the EU and Copper Products

Warner Norcross + Judd on

Last week, the Trump administration sent letters to some of the country’s largest trading partners threatening to impose new tariff rates unless agreements were reached before Aug. 1. While the rates for each country vary,...more

Morrison & Foerster LLP

The Hague Judgments Convention Enters into Force in the UK

Morrison & Foerster LLP on

On 1 July 2025, the Hague Convention of July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (the “Convention”) came into force in the UK. The Convention allows civil and commercial...more

Latham & Watkins LLP

European Commission Consults on CBAM Extension and Announces Plans to Protect EU Exporters

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On 1 July 2025, the European Commission (Commission) released a call for evidence regarding the potential to extend the scope of the EU Carbon Border Adjustment Mechanism Regulation (CBAM) to cover certain downstream...more

WilmerHale

Notes from the Multipolar Global Front: Navigating Multinational Antitrust Merger Reviews

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Recent developments have made navigating multinational antitrust merger reviews even more complex and replete with traps for the unwary. ...more

A&O Shearman

EU 2040 climate target and carbon credits—what’s changing?

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Today, the European Commission proposed an amendment to the EU Climate Law reviewing the 2040 climate targets that first enshrined climate neutrality by 2050—and with it, a structural shift in how climate action will be...more

Akin Gump Strauss Hauer & Feld LLP

EU Commission Moves on CBAM Downstream Expansion and Exporter Compensation

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In separate developments, the European Commission (the “Commission”) opened a public consultation on the extension of the Carbon Border Adjustment Mechanism (CBAM) to downstream products and on additional anti-circumvention...more

Baker Botts L.L.P.

Trump Tariff Tracker -- July 2

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The news of trade negotiations – those that have succeeded and those that are faltering – continues to come in as we are a week away from the country-specific reciprocal tariffs coming into effect. Today, President Trump...more

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