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International Emergency Economic Powers Act (IEEPA) Today's Popular Updates

Foley & Lardner LLP

FinCEN Exercises New Authority Targeting Mexico-Based Financial Institutions to Counter Cartel-Linked Fentanyl Trade

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On June 25, 2025, the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury designated three Mexico-based financial institutions as primary money laundering concerns under Section 311 of the USA...more

Benesch

Update: Reciprocal Tariff “Pause” Deadline Extension and New Duty Rates

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The White House has extended the July 9, 2025, deadline for its “pause” on reciprocal tariffs. An Executive Order released on the evening of July 7 extends this deadline to August 1, 2025....more

Braumiller Law Group, PLLC

Hot Topics in International Trade - June 2025 - Protectionism or Free Trade?

The Realities of Free Trade - Many of our basic freedoms are guaranteed by the Constitution. Speech, press, assembly, religion: these are all accepted as sacrosanct rights by reasonable people across the political spectrum....more

WilmerHale

IEEPA Tariff Litigation: What You Need to Know About the Federal Court Decisions Threatening the Trump Administration’s Tariff...

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Last week, two federal courts struck down sweeping tariffs that the Trump Administration had recently imposed under the International Emergency Economic Powers Act (IEEPA). ...more

Foley & Lardner LLP

What Every Multinational Company Should Know About … The Current Trump Tariff Proposals (June 2025 Update)

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Less than five months into the new administration, we have already seen more than 50 tariff proclamations. With new tariffs being proposed, imposed, revoked, suspended, and sometimes reimposed, it can be difficult for...more

WilmerHale

The United States and European Union Offer Sanctions Relief to Post-Assad Syria

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Following the fall of Syria’s Assad regime, the United States and key allies have recently announced sanctions relief with the stated goal of stabilizing Syria under its newly installed leaders. ...more

Benesch

Syria Sanctions - New General License Issued by OFAC Following Trump Announcement

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President Trump announced plans to relax sanctions against Syria during his recent trip to the Middle East, where he visited with the country’s President, Ahmed al-Sharaa. ...more

Foley Hoag LLP

U.S., EU, and UK Move to Ease Sanctions on Syria, but Compliance Complexity Remains

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Key Takeaways: - In a sweeping policy reversal unveiled in Riyadh on May 13, 2025, President Trump pledged to lift the entire U.S. sanctions regime on Syria. - Although the Trump administration seeks quick sanctions relief...more

Sheppard Mullin Richter & Hampton LLP

Not What You Think: Some Trump Tariffs Exempt Your Goods from Other Trump Tariffs

Some importers are finding, to their surprise, that the Trump Administration’s 25% tariffs on aluminum and steel create an exemption from the 125% tariffs on Chinese goods. The Trump tariff agenda has been complex, to say...more

Dorsey & Whitney LLP

Trump Administration Modifies Tariff Actions under National Security Powers

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Not long after announcing new global “reciprocal” tariffs on imports from around the world at the beginning of April 2025, which we previously reported in a recent eUpdate, President Trump began modifying that tariff action....more

Holland & Knight LLP

China's Comprehensive Retaliation Against U.S. Tariffs

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China on April 4, 2025, announced a third and significantly escalated round of retaliatory measures in response to the United States' latest tariff action. This follows President Donald Trump's Executive Order (EO) 14257...more

Troutman Pepper Locke

Unpacking the New Reciprocal Tariffs Reshaping US Trade Policies

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On April 2, President Trump declared “Liberation Day” and unveiled a series of sweeping tariff measures aimed at addressing trade imbalances and foreign trade practices while boosting domestic manufacturing. Marking the...more

White & Case LLP

President Trump Orders 10% Global Tariff and Higher “Reciprocal” Tariffs

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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

Baker Botts L.L.P.

President Trump Unveils Long-Awaited “Reciprocal” Tariff Regime

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On April 2, 2025, as part of a “Liberation Day” ceremony in the White House Rose Garden, U.S. President Donald Trump signed an executive order imposing wide-ranging tariffs on imports from virtually every country in the world...more

King & Spalding

President Trump Imposes Reciprocal Tariffs To Address National Emergency Created By Foreign Trade And Economic Practices

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The President also signed an Executive Order that will eliminate duty-free de minimis treatment and create a new duty collection process for low-value postal shipments from China and Hong Kong. On April 2, 2025, President...more

Husch Blackwell LLP

President Trump Issues Universal Reciprocal Tariff and Higher Individualized Rates; Removes De Minimis Exemption for Chinese Goods

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On April 2, 2025, President Trump issued an Executive Order (“EO”) imposing a 10% universal tariff on imports from all countries (with certain exceptions described below) pursuant to the International Emergency Economic...more

Bracewell LLP

Trump Administration Efforts to Eliminate Cartels Pose Heightened Risk for Financial Institutions

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As discussed in Bracewell’s February 11 and February 26 updates, the executive branch is prioritizing the “total elimination” of cartels and transnational criminal organizations, both through edicts from the Oval Office and...more

K2 Integrity

The Tornado Cash Delisting And Sanctions Compliance Implications For Crypto

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On 21 March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Tornado Cash, a virtual currency mixer, from its list of Specially Designated Nationals and Blocked Persons (SDN List),...more

Troutman Pepper Locke

Exclusions From the Tariffs on Canadian and Mexican Goods Under HTS Chapters 98 and ‎‎99‎

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As outlined in our recent publication, the United States imposed a 25% additional tariff on all imports from Canada and Mexico starting March 4, with a 10% tariff specifically on Canadian energy products and potash (the...more

ArentFox Schiff

The USMCA Advantage: Avoiding the 25% Tariff for Your Company’s Bottom Line

ArentFox Schiff on

The latest US tariff actions have rattled North American trade, but businesses that understand the United States-Mexico-Canada Agreement (USMCA) have a significant advantage....more

Troutman Pepper Locke

New U.S. Tariffs on Mexico, Canada and China Take Effect – Retaliatory Measures Escalate Trade Tensions

Troutman Pepper Locke on

Last week consisted of many developments surrounding President Trump's tariff policy. On March 4, his sweeping new tariffs took effect, significantly altering the trade landscape for businesses engaged in international...more

Husch Blackwell LLP

Week Seven in Trade – First 100 Days of the New Administration

Husch Blackwell LLP on

The tariffs imposed by President Trump on Canada and Mexico under the International Emergency Economic Powers Act of 1977 (IEEPA) went into effect on March 4, 2025. Our initial posting on this development can be found here....more

DLA Piper

Trump Administration Designates Eight Transnational Organizations as Foreign Terrorist Organizations and Specially Designated...

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Effective February 20, 2025, the Secretary of State designated eight Latin American organizations as Foreign Terrorist Organizations (FTOs) under Section 219 of the Immigration and Nationality Act (INA) and as Specially...more

Skadden, Arps, Slate, Meagher & Flom LLP

Trump’s Tariffs on Canada, Mexico and China: Update and Analysis

On February 1, 2025, President Donald Trump signed executive orders imposing tariffs on almost all imports from Canada, Mexico and China. Tariffs on China became effective on February 4, 2025, while Canada and Mexico reached...more

Hogan Lovells

OFAC takes the position that certain kinds of SDN participation in public conferences is not a prohibited service under U.S....

Hogan Lovells on

The U.S. Department of Treasury’s Office of Foreign Assets Control issued a formal guidance letter stating that certain kinds of Specially Designated Nationals could speak at a public conference to share their individual...more

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