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Compliance Tip of the Day: The Role of Supply Chain and Compliance in Tariffs
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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
The pressure of the country specific reciprocal tariffs continues to have an effect on the negotiations high-tariffed countries are having with the Trump Administration. On Aug. 21, the White House released the details of the...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 the eve of additional, country-specific reciprocal tariffs going into effect on August 1, President Trump announced an agreement to pause higher tariffs on Mexico for another 90 days. In a Truth Social post on July 31,...more
On July 24, 2025 the European Commission voted to impose retaliatory tariffs of €93 billion on U.S. goods if a trade deal is not reached between the United States and European Union. The tariffs will be effective August 7,...more
It has been a very turbulent four months since April “Liberation Day” when President Trump, invoking emergency powers, announced new “reciprocal” country-specific tariff rates on 57 United States trading partners and a 10%...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
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 Friday, President Trump threatened to impose a tariff of 25 percent or more on iPhones made outside the United States. The threat may foreshadow the outcome of the ongoing Section 232 investigation on semiconductors....more
In the face of US tariffs on steel, aluminium, autos and autoparts, the threat of resumption of so-called “reciprocal” tariffs and investigations concerning tariffs on products ranging from pharmaceuticals to wood, the EU...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
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
The Trump administration formally imposed 25% tariffs on imports of EU steel and aluminum Wednesday. Within hours of those tariffs going into effect, the EU responded by announcing the intention of its member-states to impose...more
Following days of speculation, President Donald Trump announced on February 13, 2025, a new tariff policy outlined in a Presidential Memorandum entitled the “Fair and Reciprocal Plan” (Plan). The Memorandum directs key trade...more
In October 2021, the European Union and the United States launched negotiations for a Global Arrangement on Sustainable Steel and Aluminum, or GASSA, which would link import restraints to exporting countries' efforts to...more
On October 31, 2021, at the Group of 20 (G20) Summit, the United States and European Union announced an interim agreement to relax the Trump-era worldwide Section 232 tariffs on European steel and aluminum articles and...more
The U.S. and the EU have announced a settlement regarding the U.S. Section 232 duties on European steel and aluminum products. As part of that settlement, the U.S. Department of Commerce (Commerce) announced that the 25...more
McDermott is committed to provide insightful legal developments around the world to our Japanese clients. In light of that effort, Japan Webinar Series will be held between Thursday, May 20 – Thursday, June 3, 2021. This...more
Report on Supply Chain Compliance 2, no. 23 (December 12, 2019) - United States President Donald Trump tweeted in the early morning of December 2 that he would “restore the Tariffs on all Steel & Aluminum that is shipped...more