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Compliance Tip of the Day: The Role of Supply Chain and Compliance in Tariffs
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Key Takeaways - Tariff Deadline Extended to August 1: President Trump postponed the implementation of country-specific reciprocal tariffs from July 9 to August 1, giving countries additional time to negotiate deals with the...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
On May 8, 2025, the U.K. and U.S. announced a trade deal to reduce or remove tariffs on each other’s exports, including on cars, steel and aluminum, and released the general terms for a potential U.K.-U.S. trade agreement....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
On June 30, 2025, the U.S. Department of Commerce published in the Federal Register a notice to modify the Harmonized Tariff Schedule of the United States (HTSUS) to conform with General Terms of the United States of...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
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 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 Monday, June 16, while at the G7 Summit in Alberta, Canada, President Trump signed an agreement with the U.K. to lower tariffs on certain British imports including automobiles and aerospace products. The agreement,...more
On 16 June 2025, US President Donald Trump signed an executive order confirming and implementing parts of the US-UK Economic Prosperity Deal (“EPD Order”), following the announcement at the G7 Summit earlier this week....more
With less than a month until the reciprocal tariffs are scheduled to snap into effect, foreign governments continue to pursue negotiations with the Trump Administration around individual country tariff rates. On Monday, June...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
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 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 8, the White House announced President Trump's first trade deal under his America First Policy. The deal struck between the United States and the United Kingdom will revise some of the tariffs imposed on the UK so far...more
On 8 May 2025, US President Donald Trump and UK Prime Minister Kier Starmer announced an agreement on General Terms of the Economic Prosperity Deal (EPD) between the United States and the United Kingdom. Although not a...more
After announcing and then pausing the implementation of wide-ranging reciprocal tariffs last month, the Trump Administration has recently taken notable steps aimed at recalibrating and improving U.S. trading relationships....more
Following the introduction and partial rescission of the “Liberation Day” tariffs last month, the latest U.S. government actions have largely—though not universally—continued down the path of an easing tariff burden. Of...more
The new US-UK Economic Prosperity Deal (“EPD”), announced last week (8 May 2025), is promising to bring back economic stability and will be welcomed by businesses at a time of increased geopolitical uncertainty....more
Bilateral negotiations around the Trump Administration’s tariffs have begun to bear fruit as we see tariff relief for China and the U.K. The U.S. and China have agreed to roll back most of the tariffs that each country has...more
On May 12, 2025, President Trump issued an executive order temporarily reducing the “reciprocal” tariffs on China, Hong Kong, and Macau origin goods from 125% to 10%, and lowering tariffs imposed on international mail parcels...more
Potential clarity on reciprocal tariff expectations may be emerging after framework trade deals announced with China and the United Kingdom. On May 12, 2025, the White House issued a Fact Sheet and Executive Order (“EO”)...more
The United States and the United Kingdom have agreed to ease the trade tension between the two countries by deciding to implement a few sectoral measures related to automotive, agriculture and overall access to each other’s...more
President Trump and UK Prime Minster Keir Starmer announced on Thursday morning that the two countries have agreed on a trade deal, although many of the details are yet to be finalized. The agreement, which focuses on tariff...more
We provide two tariff program updates, of relevance to the steel and aluminum Section 232 tariff programs and the IEEPA tariff programs specific to Canada and Mexico. First, last week, the United States and the United Kingdom...more