Monday, a group of five plaintiffs filed an action in the Court of International Trade (“CIT”) asking the court to enjoin and declare illegal the reciprocal tariffs imposed under Executive Order 14257 (April 2, 2025) and...more
It is the end of an unprecedented week in trade that roiled financial markets and challenged businesses trying to assess the impacts on their supply chains....more
On April 2, 2025, the proclaimed tariff “Liberation Day,” President Trump announced his “reciprocal tariffs” actions from the Rose Garden at the White House. Invoking his authority under the International Emergency Economic...more
4/3/2025
/ Canada ,
Economic Sanctions ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Mexico ,
Tariffs ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
The White House announced on Wednesday, after President Trump met with the leaders of General Motors, Ford Motor, and Stellantis, that certain automobiles imported from Mexico and Canada will not be subject to the 25% tariffs...more
In Federal Register Notices slated to be published on March 6, 2025, Notice of Canadian Tariff Implementation and Notice of Mexico Tariff Implementation, U.S. Customs and Border Protection (“CBP”) is implementing President...more
3/4/2025
/ Canada ,
Customs and Border Protection ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Mexico ,
National Security ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
On Friday, February 21st, President Trump issued a National Security Presidential Memorandum (NSPM) that is aimed at promoting foreign investment while protecting America’s national security interests, particularly from...more
2/25/2025
/ CFIUS ,
China ,
Executive Orders ,
Export Controls ,
Foreign Investment ,
Foreign Policy ,
Investment ,
National Security ,
Presidential Memorandum ,
Regulatory Reform ,
Technology Sector ,
Trump Administration
President Trump told reporters at Mar-a-Lago that he would likely announce tariffs on April 2 on imports of automobiles, semiconductors, and pharmaceuticals, starting at 25 percent. He added that such tariffs would “go very...more
Trump says he’ll impose 25% tariffs on steel, aluminum. News broke on Sunday that President Trump decided to impose 25% duties on steel and aluminum from all countries, sending companies scrambling to assess the potential...more
2/11/2025
/ Duties ,
Imports ,
International Trade ,
National Security ,
Section 232 ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
U.S. Commerce Department ,
US Trade Policies
On Saturday, February 1, 2025, President Trump signed three Executive Orders imposing tariffs against goods of the United States’ three largest trading partners—Canada, Mexico and China....more
2/3/2025
/ Canada ,
China ,
Customs and Border Protection ,
Executive Orders ,
Foreign Policy ,
International Emergency Economic Powers Act (IEEPA) ,
Mexico ,
National Security ,
Tariffs ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
Our International Trade & Regulatory Group discusses the latest U.S. export controls on China’s advanced computing, supercomputer, and semiconductor sectors....more
Effective January 2, 2025, a final rule by the Department of the Treasury restricts investments in certain emerging technology sectors. Our International Trade & Regulatory Group examines the impact of the new U.S. Outbound...more
11/8/2024
/ Artificial Intelligence ,
Biden Administration ,
China ,
Critical Infrastructure Sectors ,
Emerging Technologies ,
Foreign Investment ,
Investment ,
National Security ,
Regulatory Oversight ,
Semiconductors ,
Technology Sector
Our International Trade & Regulatory Group highlights changes to the voluntary self-disclosure process and penalty guidelines under the Export Administration Regulations by the Bureau of Industry and Security....more
The Biden Administration is increasing Section 301 tariffs on a wide range of Chinese imports for “strategic sectors.” Our International Trade & Regulatory Group examines the plan....more
5/24/2024
/ Batteries ,
Biden Administration ,
China ,
Electric Vehicles ,
Imports ,
Manufacturers ,
Section 301 ,
Semiconductors ,
Tariffs ,
Trade Act of 1974 ,
USTR
On April 24, 2024, President Biden signed H.R. 815, otherwise known as the National Security Act of 2024. The bill provides emergency appropriations for Ukraine, Israel, Taiwan, humanitarian purposes in Gaza, and various...more
5/14/2024
/ Biden Administration ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Government Agencies ,
Humanitarian Assistance ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Statute of Limitations ,
TikTok
Proposed changes to how the Committee on Foreign Investment in the United States (CFIUS) can request information and impose civil penalties signal that CFIUS will increasingly focus on compliance and enforcement. Our...more
The United States continues to publish additional export control rules on the semiconductor, advanced computing, and supercomputer industries. Our International Trade & Regulatory Group analyzes the latest export controls...more
The White House announced that President Biden will sign an executive order designed to protect sensitive data of U.S. persons from exploitation by identified countries of concern. This executive order is expected to be...more
The United States continues to raise the guardrails on critical technologies necessary to support the semiconductor, advanced computing, and supercomputer industries. Our International Trade & Regulatory Group analyzes the...more
One year later, Russia’s war against Ukraine shows no signs of abating. Our International Trade & Regulatory Group breaks down the latest U.S. sanctions further restraining Russia’s ability to do business with the rest of the...more
The U.S. effort to further curtail China’s access to critical technologies necessary to support its semiconductor, advanced computing, and supercomputer industries is roiling supply chains and threatening companies’ revenues....more
The UK’s version of the United States’ Committee for Foreign Investment in the United States went into effect January 2022. Our International Trade & Regulatory Group and London competition team summarise key facts,...more
Our Financial Services & Products Group provides background on how Russia defaulted on its eurobonds and discusses the implications for Russian bond and credit default swap positions....more
Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed...more
7/14/2022
/ Banking Sector ,
Capital Markets ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Income Share Agreements ,
Lenders ,
Loans ,
Succession Planning
As Russia’s war against Ukraine continues and the United States and its allies announce further sanctions, U.S. companies face more difficulties with compliance and the loss of valuable assets. Our International Trade &...more
Our International Trade & Regulatory Group continues its investigation of the ever-growing sanctions regimes imposed on Russia since its invasion of Ukraine. ...more