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On August 21, the US and EU announced that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade. The Framework Agreement expands upon earlier official statements on the US-EU trade deal and...more
Key Takeaways - As the August 1 deadline approaches, the U.S. has reached trade deals with several countries that lower U.S. tariff rates in exchange for increased market access and investments benefiting U.S. industries....more
On July 11, 2025, the US administration threatened increased duties of 30% on products from the European Union and Mexico, two of the United States’ biggest trading partners—EU and Mexican exports combined accounted for...more
As the Aug. 1, 2025, end date for President Donald Trump's most recent suspension of country-specific reciprocal tariffs approaches, stakeholders should consider where ongoing bilateral negotiations stand, what the potential...more
On July 7, 2025, President Trump signed an executive order (the Order) once again extending the temporary suspension of reciprocal tariffs that were originally set forth in his April 2 “Liberation Day” Executive Order 14257...more
The Economic Prosperity Deal agreed between the UK and the U.S. sets out high level trade commitments and areas for further negotiation between the two countries. A series of implementing measures are described in Executive...more
As the July 9, 2025, end date for President Donald Trump's suspension of country-specific reciprocal tariffs draws near, stakeholders should consider where ongoing bilateral negotiations stand, what the potential outcomes may...more
From reciprocal tariffs and retaliatory investigations to paused agreements and looming re-escalations, the global tariff landscape remains as turbulent as ever. Morgan Lewis recently hosted a three-part webinar series...more
Question 1: How are you advising businesses in your jurisdiction when protecting themselves from the impact of trade wars and sanctions, and what strategies can professional services firms offer to mitigate these risks? ...more
On Wednesday, May 28, 2025, and Thursday, May 29, 2025, three significant court actions impacted the tariff and trade landscape....more
USMCA’s Role in Current Tariff Framework With reciprocal tariffs reshaping trade dynamics around the world, the U.S.-Mexico-Canada Agreement (USMCA) has taken on increased importance for businesses and manufacturers...more
The global trade landscape is experiencing rapid shifts driven by escalating tariffs, geopolitical realignments, and supply chain disruptions. In North America, businesses must navigate changing US trade policies, evolving...more
U.S. President Donald Trump announced on March 6, 2025, that the imposition of the 25 percent tariffs applied from the U.S. to Mexican products on March 4, 2025, will have an exemption until April 2, 2025, for the products...more
The United States-Mexico-Canada Agreement (USMCA) joint review process is scheduled to begin on July 1, 2026, but the time to prepare is now. Embedded trade compliance professionals should already be doing scenario...more
In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade agreements between the U.S., Mexico, and Canada, as well as with other countries. The U.S....more
On Feb. 1, President Donald Trump signed orders implementing tariffs on Canada, Mexico and China, as promised. The tariffs are set to go into effect Feb. 4, meaning payments will start becoming due for imports as of 12:01...more
À compter du mardi 4 février 2025, les importations canadiennes aux États-Unis seront assujetties à un tarif additionnel de 25 %, sauf pour les produits énergétiques canadiens, qui seront assujettis à un tarif de 10 %, en...more
Effective Tuesday, February 4, 2025, Canadian imports into the United States will be subject to an additional 25% tariff, except for Canadian energy products, which will be subject to a 10% tariff, pursuant to an Executive...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
The year 2024 is proving to be a pivotal time on the global stage with numerous critical elections reshaping the political landscape. As new governments take office, businesses and individuals must prepare for a wave of...more
This is the first of a three-part series about the USMCA joint review process, focusing on China, Mexico, and competing visions of a “worker-centered” trade policy. Part one introduces the USMCA joint review process and...more
On July 27, Reps. John Joyce (R-PA) and Jim Banks (R-IN) introduced legislation that would establish new US trade negotiating objectives for the pharmaceutical sector, in the context of a broader renewal of the trade...more
The growing role that international trade rules are playing has left many corporate leaders to look beyond regularly imposed tariffs. Earlier this month, we published our “Advance Look at Hot Button Trade Issues under the...more
On January 15, 2020, President Trump and Chinese Vice Premier Liu Hu signed the long-awaited US-China Trade Agreement after nearly two years of a trade war that has resulted in crippling tariffs on almost $500 billion worth...more
Last week, Bloomberg reported that Toys “R” Us is in the early stages of a comeback, led by former executive and Tru Kids Inc. CEO Richard Barry, with designs on opening about a half-dozen stores in time for the 2019 holiday...more