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As a follow-up to the political agreement reached between U.S. President Donald Trump and EU Commission President Ursula von der Leyen regarding cross-Atlantic trade on July 27th, 2025, the United States and the EU issued a...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
As of midnight, a sweeping set of new tariffs is in effect. Many are country-specific or based on foreign policies targeting specific products from specific countries. Some of the tariffs going into effect are based on...more
On July 27, 2025, the US and EU reached a trade agreement. As part of the agreement, the US will impose a 15 percent tariff “on the vast majority of EU exports. ” President Trump signed an Executive Order on July 31...more
From a Mexican resident’s perspective, who is also involved in international trade, it appears that since the Trump administration took office, the global economic scenario has been altered by an escalating trade war,...more
Here we are. August , 2025, and the media is now publishing what facts they have on the various trade deals as well as those that have yet to come to fruition, in addition to the new announcement of imposed global tariffs...more
Supply chain and compliance professionals now have some clarity on the landed cost of imported goods and compliance obligations. The White House announced a new Executive Order on the evening of July 31, 2025, that modifies...more
On July 27, 2025, President Trump announced that the U.S. and European Union (“EU”) have reached a trade deal. Pursuant to the Fact Sheet released by the White House on July 28th, the U.S. will impose a 15% tariff on all EU...more
In the last week, the Trump Administration announced new trade deals with Japan, Indonesia, and the European Union. The White House has now published fact sheets for all three trade deals, outlining the basic structure of the...more
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
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
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
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 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
The Trump administration's imposition of tariffs on steel, aluminum, lumber, and other construction materials, in combination with increased tariffs on raw materials and finished goods from China, Japan, the EU, and...more
Welcome to this month’s issue of The BR International Trade Report, Blank Rome’s monthly digital newsletter highlighting international trade, cross-border investment, and geopolitical risk issues impacting businesses...more
On May 23, President Donald Trump announced that he was recommending a new “straight 50% tariff” on all goods from the European Union beginning June 1. Treasury Secretary Scott Bessent said he hoped this decision would “light...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 April, McDermott gathered more than 100 health and life sciences innovators, investors, business leaders and advisers in Paris for our annual European Health & Life Sciences symposium. With such an esteemed crowd available...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
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