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On August 21, the White House and the European Union released a joint statement that sheds some light on aspects of the framework trade deal announced last month. The joint statement confirms the baseline 15% U.S. tariff on...more
Key Takeaways - The EU commits to eliminate tariffs on all U.S. industrial goods and provide preferential access for U.S. seafood and agricultural products, with the EU intending to introduce the legislative proposal this...more
One June 24, 2025 CBP published updated guidance via a CSMS Message on Section 232 tariffs, correcting the number for preexisting HTSUS subheading 9903.81.98. The change effects steel or iron derivative items imported from...more
As of June 19, 2025, U.S. import tariffs vary widely depending on the product and country of origin. Goods from China face layered duties, including Section 301 tariffs ranging from 7.5% to 100% (with electric vehicles hit...more
On June 16, 2025, President Trump issued an Executive Order setting a 7.5% Section 232 tariff on U.K.-origin cars which are imported under the 100,000 quota, per the announced trade deal with the U.K. Combined with the...more
On May 8, 2025, the United States and United Kingdom (UK) unveiled the new trade terms of an “economic prosperity” deal. This deal comes after President Trump imposed a 10% reciprocal tariff on all products from the UK and...more
On May 8, 2025, the United States and the United Kingdom announced a new “trade agreement”. The Fact Sheet issued by the White House, can be found here. The Office of the United States Trade Representative has released the...more
The White House issued a new Executive Order (the “EO”) on April 29, 2025, regarding the potential for a “stacking” effect of its 25% Section 232 automobile and parts tariffs, the 25% tariff applicable to non-USMCA imports...more
Under Proclamation 10908 of March 26, 2025 (Adjusting Imports of Automobiles and Automobile Parts Into the United States), tariffs on automobiles have been in effect since April 3, 2025, and tariffs on automobile parts are...more
On April 29, the Trump administration published two actions, an Executive Order (EO) and a Proclamation, announcing amendments to the current convoluted tariff situation. The EO describes when and how various tariff actions...more
On March 26, President Trump issued Proclamation 10908, “Adjusting Imports of Automobiles and Automobile Parts Into the United States” (Proclamation), imposing a 25% additional tariff on imports of passenger vehicles, light...more
On March 26, 2025, President Trump issued Proclamation 10908—Adjusting Imports of Automobiles and Automobile Parts into the United States—that imposed an additional 25% tariff on all imports of automobiles and certain...more
The White House announced new tariffs on imports of automobiles and auto parts under Section 232. The new Presidential Proclamation and Fact Sheet issued on March 26, 2025, establishes a structure for rolling out this action...more
On March 26, the Trump Administration announced a sweeping new trade action: a 25% tariff on imported automobiles and certain automobile parts from all countries, under Section 232 of the Trade Expansion Act of 1962....more
President Donald Trump signed a proclamation on March 26, 2025, invoking Section 232 of the Trade Expansion Act of 1962 to impose an additional 25 percent tariff on imports of vehicles and certain automotive parts....more
On March 26, 2025, President Trump signed a presidential proclamation imposing an additional 25% tariff on all imports of passenger vehicles, light trucks, and certain automotive parts. The tariffs on finished vehicles will...more
Background: From 2018 to 2019, the U.S. Department of Commerce (Commerce) conducted an investigation under Section 232 into the national security effects of U.S. automotive imports. In its February 17, 2019 report in the...more
EU Trade Commissioner Malmstrom Announces That the EU Will Impose €39 Billion Worth of Retaliatory Tariffs on U.S. Goods if President Trump Imposes Section 232 Tariffs On Automobiles And Automotive Parts - The European...more
On May 17, 2019, the United States agreed to suspend the Section 232 tariffs that it had imposed on aluminum and steel imports from Mexico and Canada. As a result of the agreements, on May 19, 2019, President Trump issued two...more
On May 17, 2019, President Trump announced two significant trade developments. First, the President announced his determination in the national security investigation of imports of autos and auto parts under Section 232 of...more
On Friday, May 17, President Donald J. Trump issued a proclamation directing the United States Trade Representative (USTR) to negotiate trade agreements to address the national security threat posed by imports of foreign...more
The year 2018 may be remembered as a turning point for US trade policy and the international trading system. The Trump administration took several unilateral trade actions, including the imposition of global "national...more
The business community, lawmakers and even workers across North America breathed a collective sigh of relief on October 1, 2018, after the renegotiated NAFTA agreement was unveiled. Following negotiations that had become...more
On Sunday, September 30, President Trump reached an agreement with the governments of Canada and Mexico to revise and modernize the North American Free Trade Agreement (NAFTA). Publishing the text of the new agreement just...more
On August 9, 2018, Original Equipment Suppliers Association (“OESA”) held its 2018 Automotive Commodities Event covering a variety of topics related to commodities purchasing, including strategies for price risk management,...more