The Department of Commerce (Commerce) has launched three Section 232 investigations covering pharmaceuticals, pharmaceutical ingredients, and their derivative products; semiconductors and semiconductor manufacturing equipment...more
4/18/2025
/ Automotive Industry ,
Executive Orders ,
Imports ,
Investigations ,
National Security ,
Pharmaceutical Industry ,
Section 232 ,
Semiconductors ,
Supply Chain ,
Tariffs ,
Trump Administration ,
U.S. Commerce Department
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 April 2, 2025, President Trump issued an Executive Order imposing tariffs on all goods entering into the United States. A blanket ten percent tariff goes into effect on all goods April 5, 2025. Then, on April 9, 2025,...more
4/7/2025
/ Canada ,
China ,
Duties ,
Executive Orders ,
Imports ,
International Trade ,
Mexico ,
Section 232 ,
Section 301 ,
Tariffs ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
On March 26, 2025, President Trump imposed 25 percent tariffs on practically all automobiles and automobile parts not manufactured in the U.S. The automobile tariff is effective April 3, 2025. The automobile parts tariff must...more
The 25 Percent Tariff on Canadian and Mexican Products - On March 3, 2025, the Trump administration announced that the United States would proceed with its anticipated plan to impose a 25 percent tariff on products imported...more
3/11/2025
/ Canada ,
Construction Contracts ,
Construction Industry ,
International Trade ,
Lumber Industry ,
Mexico ,
Section 232 ,
Supply Chain ,
Tariffs ,
Trade Relations ,
US Trade Policies
President Trump announced his America First Trade Policy on his first day in office. This Policy directed federal agencies to conduct investigations on a wide spectrum of trade policies including Addressing Unfair and...more
3/10/2025
/ Anti-Dumping Duty ,
China ,
Countervailing Duties ,
Export Controls ,
Exports ,
Imports ,
National Security ,
Section 232 ,
Section 301 ,
Tariffs ,
Trade Policy ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
USTR
President Trump announced his Fair and Reciprocal Plan (the Plan) pursuant to his America First Trade Policy. While the Memorandum does not immediately create any new tariffs, it outlines the Trump administration's plan to...more
2/27/2025
/ America First Trade Policy ,
Export Controls ,
Exports ,
Imports ,
International Trade ,
Tariffs ,
Trade Deficit ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
USTR
President Trump issued two Proclamations wherein he reinstated 25 percent tariffs on all steel imports subject to the original Section 232 action and subsequent steel derivatives action and increased the Section 232 duties on...more
2/14/2025
/ Customs and Border Protection ,
Imports ,
International Trade ,
National Security ,
Presidential Proclamations ,
Section 232 ,
Supply Chain ,
Tariffs ,
Trade Policy ,
Trump Administration ,
US Trade Policies
Given the fast-moving developments, this alert originally published on Monday, February 3, 2025, is updated to reflect the pause in the proposed tariffs on Canada and Mexico, and the retaliatory tariffs that China announced...more
The Defense Production Act Title III (DPA Title III) was utilized during President Trump's first term to support certain materials critical to national defense and in response to the COVID-19 pandemic. President Biden...more
Expanding on our prior alert, the next administration is expected to implement economic policies that will present significant opportunities for companies who make or want to make their products in the United States with...more
Trade action was a touchstone of the first Trump Administration. Statements throughout the campaign by President-Elect Trump and his surrogates suggest significant trade actions in the second term. The actions and potential...more
11/25/2024
/ China ,
Exports ,
Imports ,
Manufacturers ,
National Security ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA)
The Biden administration announced that it will increase tariffs in key product areas, largely focusing on electric vehicles, batteries, solar cells, and supporting industries. This increase in tariffs results from the U.S....more
The Treasury finalized regulations for the Clean Vehicle Credit under I.R.C. Section 30D. These regulations are effective July 5, 2024. The Section 30D credit, up to $7,500, applies to new electric or fuel cell vehicles...more
The Office of Management and Budget (OMB) recently released guidance for the Build America, Buy America Act (BABA), which was enacted in November 2021 as part of the Infrastructure Investment and Jobs Act (IIJA)....more
On May 12, the Department of Treasury and the Internal Revenue Service (IRS) issued guidance (Notice 2023-38PDF) providing clarity on how taxpayers installing wind, solar, energy storage, and other clean energy projects can...more
The United States Treasury Department (Treasury) and the Internal Revenue Service (IRS) released proposed guidance related to the 30D credit which extends as much as $7,500 in consumer tax breaks for cars that meet criteria...more
The United States Trade Representative (USTR) is likely to reinstate Section 301 tariffs on 81 COVID pandemic-related products. The 81 health care products that will be affected include, but are not limited to, these items: ...more
On September 15, 2022, President Biden signed an Executive Order (EO) adding five additional factors for The Committee on Foreign Investment in the United States (CFIUS) to consider when reviewing transactions. The identified...more
As previously discussed in this December Alert, the Uyghur Forced Labor Prevention Act (UFLPA) is effective as of June 21. Customs and Border Protection (Customs) now presumes that all goods produced in Xinjiang, China are...more
In our February 25 alert, we discussed the U.S. implementation of significant sanctions and export controls on Russia which will severely impact business transactions with Russian entities. In our March 4 alert, we discussed...more
3/17/2022
/ Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Trade Regulations ,
G7 ,
General Licenses ,
Military Conflict ,
Most-Favored Nations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Tariffs ,
Ukraine
In our previous alert, we discussed the U.S. implementation of significant sanctions and export controls on Russia which will severely impact business transactions with Russian entities. The U.S. and its allies continue to...more
3/7/2022
/ Asset Seizure ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Entities ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Financial Institutions ,
Foreign Policy ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
Ukraine
In response to Russia's invasion of Ukraine, the Biden Administration has implemented significant sanctions on Russia's financial institutions, state-owned companies, and individuals close to Putin which will restrict U.S....more
2/28/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Entity List ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Policy ,
General Licenses ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
U.S. Commerce Department
President Joe Biden signed the Uyghur Forced Labor Prevention Act (H.R. 6256) into law on December 23, 2021. The act seeks to ensure that goods produced using forced labor do not enter the United States. U.S. Customs and...more
The Department of Commerce (Commerce) has initiated an investigation under Section 232 of the Trade Expansion Act of 1962 on neodymium-iron-boron permanent magnets (neodymium magnets) to determine the effect of imports on the...more