Hot Topics in International Trade - What it means to believe
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The implementation of the reciprocal tariffs continues to have an impact on U.S. consumers. The "de minimis" exemption, which allows packages worth less than $800 to come into the U.S. duty-free, is ending tomorrow, August...more
Once viewed as a leading contender for an early trade “deal” as part of President Trump’s effort to conclude bilateral trade deals with trade partners, U.S.-India trade relations have strained. This tension culminated in...more
Managing a shifting global trade environment with the recent tariff upheavals demands far more than tactical cost-cutting or reactive price adjustments. It requires foresight, agility, and a willingness to challenge...more
As a follow-up to the political agreement reached between U.S. President Donald Trump and EU Commission President Ursula von der Leyen regarding cross-Atlantic trade on July 27th, 2025, the United States and the EU issued a...more
The pressure of the country specific reciprocal tariffs continues to have an effect on the negotiations high-tariffed countries are having with the Trump Administration. On Aug. 21, the White House released the details of the...more
In this space we regularly note the significant impact of government policy on the automotive industry. Laws and regulations are, after all, government policy. As technology and political contexts change, one expects the laws...more
Some still believe that the reciprocal tariffs imposed by the Trump Administration are paid by the exporting country. The fact is, US companies pay those tariffs since the IOR Importer of Record is responsible for the...more
On August 15, 2025, the Commerce Department’s Bureau of Industry and Security (“BIS”) added 407 Harmonized Tariff Schedule of the United States (“HTSUS”) codes to the list of steel and aluminum derivative products covered by...more
During the many months of President Donald Trump imposing, or threatening to impose, tariffs on some of the country’s largest trading partners — both friend and foe — some foreign suppliers have implemented plans to evade the...more
In the past several weeks the Trump Administration has taken multiple actions on tariffs, based on several different legal authorities. The landscape is shifting almost continuously, and more changes are likely coming....more
On August 11, President Trump issued an executive order, "Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions With the People's Republic of China" (Order), extending the suspension of heightened tariffs...more
Seven months into President Donald Trump’s second administration, a new trade paradigm is emerging that presents challenges for everyone involved in bringing products into the United States. ...more
With the country-specific and baseline reciprocal tariff rates now in effect for most U.S. trading partners, the Trump Administration continues to discuss a trade deal with China to reduce the tariffs that could be imposed by...more
The Trump administration has announced multiple new developments in U.S. tariff policy since our April update. The administration is using several different tools to implement tariffs, including § 232 and 301 investigations...more
On August 11, 2025, the Trump Administration issued an executive order extending the 10% IEEPA reciprocal tariffs on goods from China for an additional 90 days until November 10, 2025. The higher country specific tariffs...more
In recent weeks, U.S.-India trade relations have shown signs of strain. Once considered a leading candidate for an early bilateral trade agreement, India will soon face a minimum 50% tariff, positioning it as one of the most...more
“Secondary tariffs” strike again, with India now squarely in the crosshairs of the latest U.S. trade action. On August 6, President Trump issued an executive order “Addressing Threats to the United States by the Government of...more
For decades, supply chain planning, sourcing decisions, and landed cost analysis relied on stable and predictable duties and tariffs, along with carefully crafted and well implemented trade agreements such as USMCA. ...more
As of midnight, a sweeping set of new tariffs is in effect. Many are country-specific or based on foreign policies targeting specific products from specific countries. Some of the tariffs going into effect are based on...more
President Trump’s shakeup of U.S. trade policy with its approach to tariffs is costing companies billions of dollars. In fact, in June of this year, importers paid the U.S. government customs duties (of which tariffs are a...more
Key Takeaways - New 25 Percent Tariff on Indian Imports: Starting August 27, 2025, the U.S. will impose a 25 percent tariff on certain products from India, in addition to existing duties....more
In recent weeks, the Trump Administration has taken a range of actions intended to significantly alter the U.S. trade landscape. Specifically, during the course of July, President Trump unveiled a series of letters to U.S....more
President Trump signed the Executive Order on July 31 imposing the country-specific reciprocal tariff rates. Those rates will take effect on August 7, 2025 for most imports. The Executive Order maintains a baseline 10% tariff...more
On July 30, 2025, President Trump signed an executive order entitled “Suspending Duty-Free De Minimis Treatment for All Countries,” which eliminates de minimis entry (i.e., duty-free entry into the United States of shipments...more
The Trump Administration announced in an executive order that it will institute and impose an additional 25% on imports of goods with a country of origin India effective August 27, 2025 to address India’s imports of Russian...more