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From a Mexican resident’s perspective, who is also involved in international trade, it appears that since the Trump administration took office, the global economic scenario has been altered by an escalating trade war,...more
On July 31, 2025, President Trump issued an Executive Order establishing revised IEEPA “reciprocal” tariff rates for imports into the U.S. from specific countries. The new rates come after the President’s 90-day pause on...more
On July 31, 2025, President Trump issued an executive order modifying the so-called reciprocal tariffs implemented under IEEPA. Country-specific rates, originally announced on April 2 through Executive Order 14527, have been...more
President Trump continues to issue letters to countries notifying them of the tariff rates they will be subject to come August 1. For the United States’ most important trading partners, Canada, Mexico and the EU, this means...more
Last week, the Trump administration sent letters to some of the country’s largest trading partners threatening to impose new tariff rates unless agreements were reached before Aug. 1. While the rates for each country vary,...more
The news of trade negotiations – those that have succeeded and those that are faltering – continues to come in as we are a week away from the country-specific reciprocal tariffs coming into effect. Today, President Trump...more
We are two weeks away from the country-specific reciprocal tariffs coming into effect, and the Trump Administration is still continuing to engage in trade talks with around 20 countries. With these negotiations ongoing, it is...more
On 2 April 2025, President Trump announced new tariffs on all imports into the United States. In this briefing, we summarise the key measures and the expected impact on global trade. The new “reciprocal” tariffs - The...more
On Wednesday, April 2, 2025, dubbed “Liberation Day,” President Donald Trump announced his much-anticipated reciprocal tariffs set to go into effect on Thursday, April 3, 2025, and the administration clarified some of the...more
Foley & Lardner partner Vanessa Miller commented on the Trump administration’s imposition of automotive tariffs in the Associated Press article, “Trump’s latest auto tariffs explained: What car buyers should know this year.”...more
Getting an early start on the impending tariff increases on April 2, President Trump has announced new 25 percent tariffs on automobiles and certain automobile parts. These tariffs are an extension of a Section 232...more
Reports have suggested that on April 2, 2025, President Donald Trump will likely announce reciprocal tariffs pursuant to the International Emergency Economic Powers Act (IEEPA) (50 U.S.C. 1701 et seq.) and investigations...more
Since we last wrote The Kaleidoscope of International Trade: Trump’s Tariffs and What the Mean for You, the Trump administration has caused more uncertainty regarding its tariff policies and stirred more retaliation from...more
Update: On March 4, 2025, the Trump administration’s 25% tariffs on goods from Canada and Mexico, and additional 10% tariffs on goods imported from China, went into effect. China and Canada announced specific retaliatory...more
Multinational manufacturers are encouraged to consider how to adapt their supply chains to a complex landscape. While US tariffs on Canada and Mexico were postponed by a month, a ten-percent universal tariff on all Chinese...more
Executive Order Adjusting Imports of Aluminum into The United States - On February 11, 2025, in an executive order titled Adjusting Imports of Aluminum into the United States, President Trump increased, from 10% to 25%,...more
On February 13, 2025, President Trump signed a Presidential memorandum announcing the “Fair and Reciprocal Plan” for implementing reciprocal tariffs on countries that impose import duties on goods from the United States. The...more
Update: On February 10, 2025, the Trump administration issued a proclamation reinstating a 25% ad valorem tariff on steel imports and increasing tariffs on aluminum imports to 25%, as well as ending all beneficial...more
Businesses trading with key global partners will face an uneven landscape of responses to the announced tariffs. The Trump administration announced new tariffs on imports from Canada, Mexico, and China on February 1,...more
As President-elect Trump continues to shape his economic plan with significant tariff policies, it’s crucial for businesses to stay informed about the potential risks and opportunities his announcements may bring....more
Pound (GBP) steady as BoE’s Mann warns of high inflation Trade in the pound (GBP) was mostly positive on Wednesday, as it drew support from comments by Bank of England (BoE) policymaker Catherine Mann....more
Key Points - - In light of the vigorous enforcement of the Uyghur Forced Labor Prevention Act, boards in their oversight role should ensure that their companies conduct heightened diligence on their supply chains, including...more
Facebook has agreed to pay $550 million to resolve a class-action lawsuit claiming that Zuck & Co.’s use of facial recognition technology violated Illinois’ biometric privacy law. Though the settlement is little more than “a...more
While there’s plenty of other business afoot in D.C. these days, it also happens to have been a pretty big week for trade deals. A day after Phase One with China was inked, the Senate overwhelmingly approved a revised...more
The United States And China Engage In A New Set Of Trade Talks, But President Trump Announces A Tariff Of 10 Percent On $300 Billion Worth Of Chinese Imports - On July 30, 2019, the United States and China opened a new...more