During President Donald Trump’s first term in 2018, he instituted tariffs on steel and aluminum at rates of 8 and 10% pursuant to Section 232 of the Trade Expansion Act of 1962 (Section 232), with certain country-specific and...more
The United States-Mexico-Canada Agreement (USMCA) joint review process is scheduled to begin on July 1, 2026, but the time to prepare is now. Embedded trade compliance professionals should already be doing scenario...more
On December 19, 2024, the Biden administration released a report, the Quadrennial Supply Chain Review. This report, and the accompanying fact sheet, assess improvements made in American supply chains since 2021 and identify...more
Under the current de minimis rule, shipments with an aggregate value up to $800 per day per person can be imported free of duties and taxes, except for antidumping and countervailing duties and taxes collected by other...more
The Biden administration announced on September 13, 2024 its intention to use executive authority to limit the use of the de minimis exemption and encourage Congress to take comprehensive legislative action, adding to the...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
On Monday, August 28, 2023, the Bureau of Industry and Security (“BIS”) of the U.S. Department of Commerce issued a Proposed Rule that, if implemented, would make significant changes to the regulations governing exclusions...more
In October 2021, the European Union and the United States launched negotiations for a Global Arrangement on Sustainable Steel and Aluminum, or GASSA, which would link import restraints to exporting countries' efforts to...more
On March 22, 2022, the United States announced that it will replace its Section 232 tariffs on steel and aluminum from the United Kingdom (UK) with tariff-rate quotas (TRQ) that will allow "historically-based sustainable...more
On October 31, 2021, at the Group of 20 (G20) Summit, the United States and European Union announced an interim agreement to relax the Trump-era worldwide Section 232 tariffs on European steel and aluminum articles and...more
The US Department of Commerce’s (Commerce) Bureau of Industry and Security has initiated an investigation under Section 232 of the Trade Expansion Act of 1962 to determine the effects on US national security from imports of...more
KOREA WEBINAR SERIES 2021 - In light of the COVID-19 pandemic, our first Korea Webinar Series will be held as a virtual series, with four sessions taking place between September 8 – September 28, 2021. Though we cannot...more
Hailed as a “new chapter” in the bilateral trade relationship between the U.S. and the European Union (EU), both sides announced on Tuesday during a U.S.-EU summit in Brussels that a deal was reached to suspend (for five...more
The Biden Administration on June 8, 20201, released findings from a 100-day interagency domestic supply chain assessment of critical products and outlined a series of steps it will take in order to strengthen U.S. critical...more
On June 8, 2021, the Biden-Harris administration released a report including factual findings and recommendations concerning four critical supply chains. The report stems from President Biden’s Executive Order 14017 (“EO...more
McDermott is committed to provide insightful legal developments around the world to our Japanese clients. In light of that effort, Japan Webinar Series will be held between Thursday, May 20 – Thursday, June 3, 2021. This...more
1. Customs Compliance Will Continue to be Essential Under the New Administration - Under the Trump administration, customs matters came to the forefront of compliance attention for many automotive companies. This was...more
The election of Joseph R. Biden as the 46th President of the United States will have important implications for US trade policy and the World Trade Organization. In the four years since his departure as Vice President, US...more