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Tariffs Executive Orders Oil & Gas

Miles & Stockbridge P.C.

Left Out of ‘Liberation Day’: Demystifying Continuing Import Sanctions and Tariffs on Russia

President Donald Trump issued an executive order (EO) earlier this month announcing sweeping “reciprocal” tariffs on imports from countries across the world. One country missing from the EO’s increased tariffs was Russia,...more

Bracewell LLP

Post Liberation Day --"Secondary Tariffs" Raise Costs Even Higher for International Actors

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President Trump has used tariffs as a significant point of geopolitical leverage since the beginning of his second term. Indeed, his administration dubbed April 2, 2025 “Liberation Day” in honor of a sweeping set of tariffs...more

K2 Integrity

The Expanding U.S. Economic Statecraft: The Introduction Of “Secondary Tariffs”

K2 Integrity on

On 24 March 2025, President Trump issued Executive Order 14245 authorizing Secretary of State Marco Rubio to impose a 25 percent tariff on all goods imported into the United States from any country that directly or indirectly...more

Paul Hastings LLP

Venezuela Sanctions: Wind-Down of General License 41 and Introduction of ‘Secondary Tariffs’

Paul Hastings LLP on

The dynamic pace of early policymaking by the new U.S. administration has continued into the spring of 2025, including in the context of sanctions on Venezuela. While Venezuela is not, and has not been, subject to...more

Akin Gump Strauss Hauer & Feld LLP

Imposing Tariffs on Countries Importing Venezuelan Oil (Trump EO Tracker)

To combat Venezuela’s destabilizing actions and support for illicit activities, the Secretary of State in consultation with the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Homeland Security and the...more

K&L Gates LLP

Implications of New “Secondary Tariff” Executive Order Targeting Importers of Venezuelan Oil

K&L Gates LLP on

On 24 March 2025, the White House issued an Executive Order threatening to impose a 25% tariff on all goods imported into the United States from any country that imports Venezuelan oil directly or indirectly through third...more

Kelley Drye & Warren LLP

Oil and Autos: Another Round of Tariff Activity

President Trump issued two major tariff-related executive orders in the past 48 hours. The first, pursuant to the International Emergency Economic Powers Act (IEEPA), authorizes the Secretary of State to impose tariffs on...more

Troutman Pepper Locke

Unprecedented "Secondary Tariffs" for Oil Trade With Venezuela

Troutman Pepper Locke on

On April 2 — labeled “Liberation Day” by President Trump — the Trump administration is set to add a new sanctions-like boost to its tariff strategy, with a threat to impose unprecedented “secondary tariffs” of 25% on “all...more

Latham & Watkins LLP

White House Announces New Tariffs on Countries That Import Oil From Venezuela

Latham & Watkins LLP on

The tariff landscape continues to shift. On April 2, 2025, the current pause on tariffs for many Mexican and Canadian imports is set to expire, while tariffs on all countries importing Venezuelan oil are set to take effect....more

Husch Blackwell LLP

President Trump Issues Executive Order Imposing Tariffs on Imports of Goods Into the United States from Countries Sourcing Oil...

Husch Blackwell LLP on

On March 24, 2025, President Trump, pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (“IEEPA”), the National Emergencies Act ((50 U.S.C. 1601 et seq.), and section 301 of title 3, United...more

Stikeman Elliott LLP

U.S. Tariffs and Canada’s Immediate Response: Reshaping the Landscape of North American Trade?

Stikeman Elliott LLP on

Effective as of Tuesday, February 4, 2025, the United States is imposing 25 per cent tariffs on almost all goods imported from Canada. A lower tariff of 10 per cent will be imposed on Canadian energy and resource products...more

Holland & Knight LLP

No Time for a Year in Review with a Bear on the Loose

Holland & Knight LLP on

The Biden Administration continues to place pressure on Russia, and on Feb. 24, 2023, marked the one-year anniversary of Russia's invasion of Ukraine with additional sanctions, export controls and tariffs. These new policies...more

ArentFox Schiff

What You Need to Know About the New Tariffs on Imports from Russia

ArentFox Schiff on

On Friday, February 24, 2023, on the one-year anniversary of Russia’s further invasion into Ukraine, President Biden, the Office of the US Trade Representative (USTR) and the US Department of Commerce, Bureau of Industry and...more

Holland & Knight LLP

OFAC Updates U.S. Oil Price Cap Policy Against Russia

Holland & Knight LLP on

As an update to an earlier Holland & Knight alert on the same topic, the U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) has published another determination pursuant to Executive Order 14071 expanding...more

Eversheds Sutherland (US) LLP

In the latest tranche of sanctions, the US bans imports of Russian oil and coal

In the latest action to expand sanctions against Russia in response to its invasion of Ukraine, on March 8, 2022, President Biden announced in a televised speech a ban on imports of Russian oil, natural gas, and coal into the...more

Jones Day

U.S. Imposes Sanctions on Turkish Officials, Ministries in Response to Syrian Offensive

Jones Day on

The Situation: In response to events in Syria and in the face of strong Congressional pressure to act, President Trump introduced sanctions targeting Turkey. The Result: Although the President indicated that a ceasefire...more

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