On August 7, 2025, President Trump’s reciprocal tariffs fully came into effect. The overall U.S. effective tariff rate has now risen to an estimated 18.6%, which is the highest rate since 1934. Several countries continue to...more
On July 30, 2025, President Trump issued a Presidential Proclamation1 that imposed a 50 percent tariff on the copper input value of imports of semi-finished copper and intensive copper derivative products effective August 1,...more
Foley & Lardner partners Gregory Husisian and David Simon detailed the rise and risks of tariff evasion in the POLITICO article, “As Trump raises tariffs, companies find ways to cheat — and risk getting caught.”...more
In a series of Executive Orders issued during the last week of July 2025, President Trump ordered the increase of tariff rates for imports originating from dozens of countries, effective August 7, 2025. ...more
On July 31, 2025, President Donald Trump signed an executive order modifying the reciprocal tariff rates for certain countries that have goods trade deficits with the United States (the “Tariff Executive Order”). The Tariff...more
In a recent Federal Register notice the Bureau of Industry & Security (BIS) of the Department of Commerce announced that “On May 1, 2025, the Secretary of Commerce initiated an investigation to determine the effects on the...more
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
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
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
Although we are only two months into the new administration, we have seen a dizzying array of new tariffs that have been proposed, imposed, revoked, suspended, and sometimes reimposed. It can be difficult for importers to...more
Welcome to the March 2025 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and...more
Tariffs are a vital part of the Trump administration’s economic and international policy agenda. Less than two months into the new administration, the president has imposed new tariffs on major trading partners, expanded...more
Today, President Trump’s adjustments to the existing Section 232 steel and aluminum tariffs come into effect. These adjustments impose a 25% ad valorem duty on imports of steel articles and derivative products with no...more
On February 10, 2025, the Trump administration published a proclamation announcing reinstatement of the 25% tariff on all steel imports (“Steel Proclamation”). That same day, President Trump also issued a proclamation...more
Canada and Mexico - On 3 February 2025, the United States reached agreements with Canada and Mexico to pause tariffs on imports from those countries in exchange for actions on border security, illegal drugs, and immigration....more