All Things Investigations – Navigating Secondary Tariffs with Mike Huneke and Brent Carlson
Tit For Tat US China Trade War
On April 2, 2025, President Trump promulgated Executive Order 14257, which implemented the “reciprocal tariff” program, designed to bolster domestic manufacturing and address trade imbalances with U.S. trading partners. These...more
Key Takeaways - New 40% Tariff on Brazilian Imports: Starting August 6, 2025, the U.S. will impose a 40% tariff on certain products from Brazil, in addition to existing duties....more
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
Welcome to the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group’s podcast, All Things Investigation. In this podcast, host Tom Fox is joined by HHR partner Mike Huneke and BRG Director Brent Carlson to...more
On Monday, President Trump announced new country-specific reciprocal tariff rates for a number of trading partners in a series of letters posted to Truth Social. President Trump also signed an executive order that further...more
On July 7, President Donald J. Trump signed an executive order extending the current pause on reciprocal tariffs through August 1, 2025, postponing implementation of country-specific reciprocal rates until that time. The...more
On July 7, President Trump began sending letters to select U.S. trading partners informing them of new “reciprocal” tariff rates that will be effective Aug. 1. These letters update the rates that the recipient country was...more
On Monday, July 7th, President Trump issued an Executive Order extending the deadline to re-impose higher reciprocal tariff rates on other countries from July 9, 2025 to August 1, 2025. This extension does not apply to the...more
Since Trump’s first term, tensions between the United States and China, the world’s two largest economies, have been on the rise. President Trump ran for his second presidential term on a promise to reduce reliance on China –...more
On April 2, 2025, President Trump announced reciprocal tariffs, setting a baseline rate of 10% on imports from all countries, with higher rates on dozens of countries which the United States (U.S.) runs trade deficits....more
On May 12, 2025, the United States and the People’s Republic of China agreed to temporarily suspend most tariffs for 90 days. The joint statement released by the Trump Administration states both countries will slash existing...more
In the face of US tariffs on steel, aluminium, autos and autoparts, the threat of resumption of so-called “reciprocal” tariffs and investigations concerning tariffs on products ranging from pharmaceuticals to wood, the EU...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
In a Joint Statement released early Monday following weekend negotiations in Geneva, the United States and China announced mutual commitments to pause the tariffs applicable to each other’s goods. The parties committed to...more
Potential clarity on reciprocal tariff expectations may be emerging after framework trade deals announced with China and the United Kingdom. On May 12, 2025, the White House issued a Fact Sheet and Executive Order (“EO”)...more
We previously reported on the reciprocal tariffs on ALL countries issued by President Trump in early April. Over the weekend, the U.S. and China agreed to temporarily reduce tariffs amid a looming recession triggered by an...more
INTRODUCTION - On 8 May 2025 the European Commission announced a consultation on potential countermeasures in response to recent US tariffs on EU products. This development is part of ongoing trade tensions between the EU...more
On Thursday, the European Commission opened a public consultation on a proposed list of U.S. imports that could face European Union (EU) countermeasures if current negotiations between the EU and the U.S. fail to reach a fair...more
The European Union (EU) has proposed additional retaliatory tariffs on €100 billion of imports from the United States, if negotiations are unsuccessful. The list includes aircraft, vehicles, agricultural products, medical...more
On April 2, 2025, after weeks of speculation and heightened geopolitical tension, President Trump announced sweeping global tariffs on what he dubbed “Liberation Day”. The tariffs included a baseline universal tariff of 10%...more
On April 2, 2025, President Donald Trump issued an executive order (Reciprocal Tariffs EO) imposing a 10% baseline reciprocal tariff on nearly all US trading partners, effective April 5, and an additional reciprocal tariff on...more
In fewer than three months, the Trump administration has upended decades of US trade policy and practice in the wake of the administration’s America First Trade Policy articulated in the January 20, 2025, Presidential...more
On April 2, 2025, the President announced the imposition of reciprocal tariffs on goods imported into the United States from a broad range of countries at an initial 10% rate. Higher rates for specific countries were...more
Key Takeaways - President Donald Trump announced a 90-day pause on all the “reciprocal” tariffs, with the exception of China, which will see tariffs increased to 125%. The president said he also expects Beijing to reach an...more
In recent weeks, the global trade environment has experienced an unprecedented level of volatility and uncertainty due to a series of new trade policies announced by the US. Those actions have triggered responses by the US’...more