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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 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
This information was current as of 8:00 a.m. CT, May 15, 2025. We will update as changes occur. On May 12, 2025, the United States and China jointly announced a temporary trade agreement aimed at de-escalating ongoing...more
President Trump signed a new executive order, “Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment” (the Order) on April 9, marking yet another significant shift in U.S. trade policy. The...more
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
On April 2, 2025, President Trump announced a minimum tariff of 10% on all imported goods, which take effect on April 5 at 12:01am EDT. He also announced “discounted reciprocal tariffs” higher than 10% for goods from several...more
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
The tariff news of the last day has been coming at full speed. Whether a small manufacturer or part of a multinational group company; a firm that manages cross-border supply chains on a daily basis or one that rarely thought...more
On February 1, 2025, US President Donald Trump issued an Executive Order announcing a 25% tariff on imports of most Canadian goods and a 10% tariff on Canadian energy products in addition to any tariffs currently in place....more
Absent further action from President Trump yesterday, new tariffs of up to 25% on U.S. imports of goods originating in Canada and Mexico went into effect at 12:01 am ET March 4, 2025. Trump has also announced a 10% increase...more
On Thursday, February 13, 2025, President Trump signed a memorandum entitled “Reciprocal Trade and Tariffs.” The memorandum stopped well short of immediately imposing a tariff regime and instead directs the Secretary of...more
President Trump agreed to “immediately pause” the 25% tariff on Mexico for a month after a “very friendly” conversation with the country’s President Claudia Sheinbaum...more
Following President Trump’s February 1, 2025, announcement of a sweeping set of tariffs on imports from Canada, Mexico, and China, citing immigration concerns and the flow of fentanyl, trade tensions have lurched...more
On February 1, 2025, President Trump issued three executive orders directing the United States to impose new tariffs on imports from Canada, Mexico, and China, to take effect on February 4, 2025. The tariffs are an...more
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
President-Elect Donald Trump on Nov. 25, 2024, announced his intention to impose additional 10 percent tariffs on China, as well as additional 25 percent tariffs on Mexico and Canada. He has not yet indicated which authority...more
Join us on October 19 (ET), October 20 (CST) 2021 for a virtual event held jointly by Fangda Partners (China) and McDermott Will & Emery (US and Europe). In this webinar we will be focusing on recent international trade...more
The Standing Committee of China’s National People’s Congress published the Draft Export Control Law (Draft ECL) on December 28, 2019, with comments due by January 26, 2020. The Draft ECL, if enacted in its current form,...more
• President Donald Trump saying at the recent G20 Summit in Japan that American companies could keep selling products to Huawei Technologies Co. Ltd. (Huawei) was another installment in the drama surrounding the Chinese tech...more
On May 15, 2019, President Trump issued an Executive Order (EO) declaring a national emergency and paving the way for a ban on the use of Huawei equipment and services in U.S. telecommunication networks. On the same day, the...more
After President Obama's announcement that his Administration will pursue a policy aimed at improving U.S.-Cuba diplomatic relations and ultimately eliminating the economic embargo on Cuba, the U.S. Treasury and Commerce...more
The Obama administration recently announced the most significant changes in years to U.S. sanctions against Cuba, allowing expanded travel, trade, and exchange in targeted areas....more
As part of a broader, ongoing effort to forge closer relations with Cuba, the Obama administration has enacted a new set of regulations intended to facilitate certain forms of authorized travel to Cuba. The regulations, which...more
On January 16, 2015, the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”), and the Bureau of Industry and Security, U.S. Department of Commerce (“BIS”), each published regulations implementing the...more