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We are one week away from the re-imposition of the country specific reciprocal tariffs and U.S. trading partners continue to jockey for trade deals with the U.S. government. The latest victor in this race is Japan. The Trump...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
Last week, the Trump administration sent letters to some of the country’s largest trading partners threatening to impose new tariff rates unless agreements were reached before Aug. 1. While the rates for each country vary,...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 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 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
INTRODUCTION - On 8 May 2025 the European Commission announced a consultation on potential countermeasures in response to recent US tariffs on EU products. This development is part of ongoing trade tensions between the EU...more
The European Union (EU) has proposed additional retaliatory tariffs on €100 billion of imports from the United States, if negotiations are unsuccessful. The list includes aircraft, vehicles, agricultural products, medical...more
The global trade landscape is shifting, with tariffs largely being used as strategic instruments in economic and geopolitical competition. In early April 2025, the United States introduced a sweeping new tariff regime,...more
The UK and the EU have begun formulating their responses to the tariffs imposed by the U.S. While the UK is still assessing its options and consulting with British businesses, the EU has already moved forward with plans to...more
The increased, country-specific tariffs imposed under President Trump's Reciprocal Tariff Executive Order (EO) went into effect on April 9, 2025, but were paused for 90 days shortly thereafter. A ten percent tariff now...more
On Wednesday 2 April 2025, US President Donald Trump signed an Executive Order declaring a national emergency “arising from conditions reflected in large and persistent annual US goods trade deficits.” In response, the...more
On 2 April 2025, President Trump announced new tariffs on all imports into the United States. In this briefing, we summarise the key measures and the expected impact on global trade. The new “reciprocal” tariffs - The...more
Foley & Lardner partner Vanessa Miller commented on the Trump administration’s imposition of automotive tariffs in the Associated Press article, “Trump’s latest auto tariffs explained: What car buyers should know this year.”...more
While the recent imposition of US tariffs on aluminium and steel imports and the EU’s subsequent response may evoke a sense of déjà vu from the first Trump administration, the European Union (EU) has more arrows in its quiver...more
Since we last wrote The Kaleidoscope of International Trade: Trump’s Tariffs and What the Mean for You, the Trump administration has caused more uncertainty regarding its tariff policies and stirred more retaliation from...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
Multinational manufacturers are encouraged to consider how to adapt their supply chains to a complex landscape. While US tariffs on Canada and Mexico were postponed by a month, a ten-percent universal tariff on all Chinese...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
On February 13, 2025, President Trump announced his plan, referred to as the “Fair and Reciprocal Plan,” to enact reciprocal tariffs on every country that charges duties on U.S. imports. The official memorandum did not name...more
Executive Order Adjusting Imports of Aluminum into The United States - On February 11, 2025, in an executive order titled Adjusting Imports of Aluminum into the United States, President Trump increased, from 10% to 25%,...more
On February 13, 2025, President Trump signed a Presidential memorandum announcing the “Fair and Reciprocal Plan” for implementing reciprocal tariffs on countries that impose import duties on goods from the United States. The...more
Update: On February 10, 2025, the Trump administration issued a proclamation reinstating a 25% ad valorem tariff on steel imports and increasing tariffs on aluminum imports to 25%, as well as ending all beneficial...more
Businesses trading with key global partners will face an uneven landscape of responses to the announced tariffs. The Trump administration announced new tariffs on imports from Canada, Mexico, and China on February 1,...more