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On April 2, President Trump declared “Liberation Day” and unveiled a series of sweeping tariff measures aimed at addressing trade imbalances and foreign trade practices while boosting domestic manufacturing. Marking the...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
Below is an overview of recent tariff and trade-related actions in Washington, DC. We sought to highlight key legislative and administrative developments, industry reactions, and potential impacts, in addition to some...more
The value of goods imported to the United States in Fiscal Year 2024 was $893.15 billion, and as a result, U.S. Customs and Border Protection (“CBP”) collected $24.37 billion in duties, taxes and fees for those imports. Given...more
Last week, the White House issued two Executive Order (EO) updates delaying the imposition of 25-percent tariffs on both Mexico and Canada until March 4, 2025, stating in both EO updates: “In recognition of the steps taken by...more
It appears that Canada is also in negotiations and that U.S. tariffs will be delayed 30 days in line with the delay of tariffs on products from Mexico. Trudeau says Trump agrees to a pause on U.S. tariffs on Canada....more
Key Updates - 2/3: Tariffs paused for 30 days. Trudeau announced also said Canada had committed to creating the post of a special czar to combat the smuggling of fentanyl and would ensure permanent monitoring of the shared...more
On Saturday, Feb. 1, 2025, President Donald Trump issued three executive orders raising tariffs on goods from Canada, Mexico and the People's Republic of China. The executive orders were issued under the International...more
Our team’s annual report on international trade, published in December 2024, alerted readers that the incoming Trump administration would likely be quick to impose additional tariffs on goods from major U.S. trading partners,...more
On Saturday, February 1, 2025, President Trump signed three Executive Orders imposing tariffs against goods of the United States’ three largest trading partners—Canada, Mexico and China....more
President-Elect Donald Trump is poised to expand upon policies he implemented during his first term in office, such as those emphasizing limited government, states' rights and lower taxes. Additionally, it is anticipated that...more