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Provided below is a status update and summary of tariffs that have been implemented since February 1, 2025, and impacts on imports from multiple countries. IEEPA (Fentanyl) Tariffs- IEEPA tariffs were announced on...more
On May 15, 2025, U.S. Customs and Border Protection (“CBP”) issued further guidance via the Cargo Systems Messaging Service (“CSMS”) for determining the order in which the various tariffs will apply to an article when that...more
On April 2, 2025, President Trump implemented the steepest American tariffs in over a century. The implications for numerous multinational companies — including importers, manufacturers, distributors, and retailers — will be...more
On April 2 — labeled “Liberation Day” by President Trump — the Trump administration is set to add a new sanctions-like boost to its tariff strategy, with a threat to impose unprecedented “secondary tariffs” of 25% on “all...more
Our previous article on What Every Multinational Company Should Know About … Managing Import Risks Under the New Trump Administration (Part I) identified the 12 main import-related risks (and opportunities) likely to arise in...more
On Monday, President Trump followed through on his promise to sign nearly 100 executive orders on topics ranging from energy and the economy to border security, federal workforce reforms and a host of social issues discussed...more
The fact that the US-Mexico-Canada Agreement (“USMCA”), which replaced NAFTA on July 1, does not require any particular form Certificate of Origin (“COO”) has left many importers and exporters confused on the proper manner of...more
After 26 and a half years, the North American Free Trade Agreement (NAFTA) has practically ceased to exist as of July 1, 2020, and has been replaced by United States-Mexico-Canada Agreement (USMCA). Because many of NAFTA's...more
The United States-Mexico-Canada Trade Agreement (USMCA) is noteworthy for its novel “facility specific rapid response labor mechanism” (the Rapid Response Mechanism or Mechanism). The Mechanism permits the United States or...more
On December 10, representatives from the United States, Canada and Mexico signed an amended United States-Mexico-Canada Agreement (USMCA) that incorporates revisions negotiated by Democrats in Congress and agreed to by the...more
The Situation: The United States, Canada, and Mexico recently reached an agreement in principle to revise and replace the North American Free Trade Agreement ("NAFTA") with the United States-Mexico-Canada Agreement ("USMCA")....more
One of the avowed reasons for scrapping the North American Free Trade Agreement (NAFTA) and replacing it with a new agreement was that “digital trade” did not even exist in 1994 when NAFTA came into force. Accordingly, The...more
On September 30, 2018, Canada and the United States resolved outstanding trade issues and announced that they, together with Mexico, agreed to a trilateral United States-Mexico-Canada Agreement (USMCA). Once ratified, the...more
Late on September 30, an agreement (USMCA) was reached between the United States, Mexico and Canada which modernizes the 24 year old North American Free Trade Agreement (NAFTA)....more
The Trump administration announced Sunday night that trade ministers from the United States, Mexico and Canada had reached agreement on revisions to the 1994 North American Free Trade Agreement, the framework for $1.2...more