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Since President Donald Trump took office for his second term, the tariff landscape has changed dramatically. Trump is the first US president to exercise his authority under the International Emergency Economic Powers Act...more
Domestic U.S. shipping interests are closely monitoring a United States Trade Representative (USTR) proposal for import and export trades involving Chinese vessels. There is a Section 301 investigation prompted by domestic...more
Following the conclusion of a two-day negotiation held in London, representatives of the United States and China announced that the countries have reached a “framework” trade agreement, which is now awaiting approval from...more
On April 2, 2025, President Trump announced reciprocal tariffs, setting a baseline rate of 10% on imports from all countries, with higher rates on dozens of countries which the United States (U.S.) runs trade deficits....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
Foley & Lardner provided an updated assessment on the status and structure of automotive import tariffs, as well as an overview of the Trump administration’s pause in the rollout of certain reciprocal tariffs. Visit Foley &...more
On April 9 at 12:01am, reciprocal tariffs on more than 60 countries ranging from 17-50% were scheduled to go into effect, only to be pulled back on April 9 as President Trump announced a 90-day pause — possibly to July 8. The...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
Since early 2025, the Trump administration has imposed a series of broad sector- and country-specific tariffs. These measures were significantly expanded on April 2, 2025, with the announcement of a global tariff regime...more
Several fundamental conditions are widely presumed necessary for a country to enjoy the benefits of global trade. One condition is that import activity ought not exceed export activity.1 Put more simply, we must sell more...more
So, here we are post Liberation Day and investors have been liberated from over $6 trillion dollars U.S. just in the last week. These “reciprocal” tariffs were supposedly aimed at balancing trade with other countries, some of...more
President Trump announced his America First Trade Policy on his first day in office. This Policy directed federal agencies to conduct investigations on a wide spectrum of trade policies including Addressing Unfair and...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
In response to the latest wave of U.S. trade restrictions, both Canada and China have swiftly implemented countermeasures, escalating tensions in an already volatile trade landscape. Canada has announced a 25% tariff on U.S....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
Tariffs on Canada, Mexico, and China - On March 4, 2025, the United States will implement previously suspended tariffs on imports from Canada and Mexico, as well as new tariffs on Chinese imports, marking a significant...more
The scope of new import tariffs and regulations portends significant operational risks and disruptions. It is easy to imagine numerous companies that depend on imports for production purposes are facing a new set of...more
Tariffs of 10 percent on all Chinese imports took effect on Feb. 4, 2025, following President Donald Trump's executive order under the International Emergency Economic Powers Act (IEEPA). China responded with 10 percent and...more
Foley & Lardner LLP partner Vanessa Miller commented on the risk of increased costs in the automotive supply chain that could result from new import tariffs in The Wall Street Journal article, “Tariff Threat Prompts...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
President Trump has issued three executive orders imposing new tariffs on imports from Canada, Mexico, and China effective February 4th. Canada has responded with retaliatory tariffs on imports from the U.S. On February 3rd,...more
President-elect Trump vows to impose tariffs on U.S. imports as early as on his first day in office. Preparing for his second term, President-elect Donald Trump has made it clear that he will leverage tariff hikes to resolve...more
China this past fall imposed an additional series of trade and other measures to counter actual and prospective trade measures by the United States with particular impact on semiconductors and raw materials, challenging the...more