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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
Not long after announcing new global “reciprocal” tariffs on imports from around the world at the beginning of April 2025, which we previously reported in a recent eUpdate, President Trump began modifying that tariff action....more
Between March 4, 2025, and March 6, 2025, U.S. trade policy in North America changed course multiple times as the Trump administration initially implemented previously paused tariffs on imports from Canada and Mexico, and two...more
On March 4, 2025, the Trump Administration imposed 25% import tariffs on nearly all Canadian and Mexican origin goods under the International Emergency Economic Powers Act (“IEEPA”)....more
U.S. President Donald Trump announced on March 3, 2025, that the tariffs he threatened under the International Emergency Economic Powers Act (IEEPA), which were delayed from an earlier Feb. 4 effective date, would enter into...more
As one of his first official acts as President, Trump released his memorandum on America First Trade Policy. The policy offers insight into the new administration’s trade priorities and calls for a review of current...more
On February 1, 2025, President Trump signed new executive orders targeting Canada, Mexico, and China, implementing the first set of tariffs under his new administration. Citing concerns over human trafficking, illicit drug...more
As of this writing on February 3, the president’s long awaited new tariffs have been officially announced via Executive Orders (EOs) from the White House for Canada, Mexico, and China. They confirm media reports of new 25%...more
President Donald Trump issued a presidential memorandum titled "America First Trade Policy" on Jan. 20, 2025, outlining the immediate trade priorities for his administration. The memorandum directs various federal agencies...more
On February 1, 2025, President Trump imposed “a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.” This...more
President Trump has been clear that tariffs will be a policy cornerstone of his second administration. Whether being used as leverage to extract policy concessions or to address true bilateral trade imbalances, the threat of...more
Just hours after his inauguration on January 20, 2025, President Donald Trump issued a memorandum ordering federal agencies to conduct a comprehensive review of US trade policy, with particular attention devoted to US–China...more
President Trump’s Day 1 presidential memorandum directs a top-to-bottom review of U.S. trade and economic policy and requests that his Administration provide policy recommendations with respect to: the U.S. trade deficit and...more
President Donald Trump began an overhaul of U.S. Trade Policy just after being sworn into office on January 20, 2025. The administration issued a memorandum outlining the President’s “America First” trade policies....more
This alert was originally published on January 21, 2025, and updated on January 22, 2025, to reflect President Trump’s comments that additional 10% tariffs may be imposed on China on February 1. On January 20, 2025,...more
In the months leading up to his inauguration, President-elect Donald Trump has repeatedly signaled that he may impose various tariffs on US imports. Further, President-elect Trump has nominated several policymakers known for...more
President-Elect Donald Trump on Nov. 25, 2024, announced his intention to impose additional 10 percent tariffs on China, as well as additional 25 percent tariffs on Mexico and Canada. He has not yet indicated which authority...more
During his 2024 presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs, even without congressional approval, including a 25%-75% tariff rate on Mexican imports, a 60% tariff rate on...more
Broad Tariff Increases Could Reshape Global Trade: The aggressive use of tariffs could create significant trade disruptions for businesses dependent on global supply chains, and pair novel use of authorities with existing...more
Recently, President Biden signed a foreign military support bill (H.R. 815) into law, which also encompassed the 21st Century Peace Through Strength Act (the Act), a legislative proposal introduced in the House containing...more
Crypto Asset Company Settles Sanctions Violations for $7.5 million- On May 1, the U.S. Department of Foreign Assets Control (OFAC) announced a $7.5 million settlement with crypto asset company Poloniex LLC for 65,942 apparent...more
There are several legislative proposals pending in Congress targeting trade and investment involving China. If enacted, the proposals would prevent Chinese entities from acquiring certain U.S. technologies, prohibit U.S....more
Recent reports suggest that the Administration may declare an emergency under the International Emergency Economic Powers Act (IEEPA) to grant the Committee on Foreign Investment in the United States (CFIUS) authority to...more
Section 301 provides the president with broad authority to implement new policies and procedures that could impact reviews of Chinese investment in the United States. The president could rely on the International Emergency...more