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Holland & Knight LLP

Mexico Announces Increase in Tariffs on Importation of Textile Products

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New measures regarding the importation of textile products into Mexico were published on Dec. 19, 2024, in the Federal Official Gazette (Diario Oficial de la Federación or DOF). These include a 35 percent increase in tariffs...more

Stinson LLP

Trump's First 100 Days: Tariffs

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We expect the Trump administration to take swift and immediate action on tariffs in his first 100 days. Trump has proposed a "universal baseline tariff" of 10% or 20% on the importation of goods from all foreign countries....more

Quarles & Brady LLP

The Impact of President-Elect Trump's Proposed Tariffs on U.S. Businesses

Quarles & Brady LLP on

On November 25, 2024, President-elect Trump announced that he would impose an additional 10% tariff on China, and 25% tariffs on Mexico and Canada, garnering considerable attention both for their potential to reshape the U.S....more

Miller Canfield

Preparing for Tariff Increases - Mitigation Strategies

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During the 2024 U.S. presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs. President Trump may seek to immediately apply levies of up to 20% on all imports, 25% on items from Mexico...more

Braumiller Law Group, PLLC

Mexico’s Response to Trump’s Increase to Import Duties on Goods Coming from Mexico into the United States

Recently, US elected President Trump threatened that when he takes office one of his first orders will be a 25% import duty on all goods coming from MX into the US. The intention is to put pressure on Mexico to stop the flow...more

Husch Blackwell LLP

Retail Imports Surge to Beat Tariffs and Labor Disputes

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The National Retail Federation (NRF) reports that containerized imports will continue their unseasonably high volumes through the end of the year, as both November and December imports are projected to be up nearly 15% from...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - December 2024 - Tariffs, and the Temptation to Use Them as Geopolitical Leverage

The United States has a long history of using tariffs. The first significant tariff legislation was the Tariff Act of 1789, signed by President George Washington. Tariffs have been used for various purposes over the years,...more

Foley & Lardner LLP

Incoming Perfect Storm?: The Shifting Regulatory Landscape for Automotive Manufacturers in Mexico

Foley & Lardner LLP on

It is expected that the next few years will be a challenging time for manufacturers in Mexico, with the automotive industry being particularly vulnerable as multiple pressure points come to a head: (1) the United...more

King & Spalding

The Trifecta: What to Expect from a Second Trump Administration and a Republican Congress

King & Spalding on

Republicans have swept the 2024 elections, returning Donald Trump to the White House as the 47th President and flipping the Senate to a Republican majority. Having narrowly maintained control of the House of Representatives,...more

ArentFox Schiff

Here We Go Again… Trump Tariffs 2.0: What the Fashion, Beauty, and Retail Industries Should Know

ArentFox Schiff on

Most fashion, beauty, and retail companies depend heavily on global supply chains to produce products sold in the United States, but with significant tariff increases looming and an unpredictable trade landscape, companies...more

Holland & Knight LLP

President-Elect Trump Announces Tariff Plans for Largest U.S. Trading Partners

Holland & Knight LLP on

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

Foley & Lardner LLP

What Every Multinational Company Should Know About … Nearshoring into Mexico: Key Considerations in Weighing the Pros and Cons

Foley & Lardner LLP on

Mexico is a key player in both the United States-Mexico-Canada Agreement (USMCA) and Latin American regions. Nearshoring, the practice of relocating an operating business or supply chain closer to home markets, is a rapidly...more

Foley & Lardner LLP

Five Compliance Best Practices for … USMCA Management

Foley & Lardner LLP on

As an accompaniment to our biweekly series on “What Every Multinational Company Should Know About” various international trade, enforcement, and compliance topics, below find an update to our series on compliance checks that...more

Miller Canfield

Can the President Impose Tariffs Without Congressional Approval?

Miller Canfield on

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

Mintz - ML Strategies

2024 Post-Election Analysis: Trade and Tariffs

Mintz - ML Strategies on

Trade Agenda for Donald Trump’s Second Term and the Role of the 119th Congress - Donald Trump's first term as president was defined by a protectionist trade policy focused on renegotiating trade agreements and imposing...more

Skadden, Arps, Slate, Meagher & Flom LLP

President-Elect Trump Announces Intent To Impose Tariffs on Goods Imported From Canada, Mexico and China

On November 25, 2024, President-elect Donald Trump announced that, on his first day in office, he would impose new tariffs on all imports from Canada, Mexico and China. Specifically, in posts on the social media platform...more

Torres Trade Law, PLLC

What’s Next? President-Elect Trump Signals 25% Tariffs on Mexico and Canada, 10% Increase on Chinese Goods

Torres Trade Law, PLLC on

What Happened? On November 25, 2024, President-elect Donald Trump provided some additional clarity on his immediate tariff plans in a post on Truth Social. Specifically, Trump announced his intent to sign an...more

Benesch

Trump Tariffs - 2025 Expectations, Facts, and Options

Benesch on

President-Elect Trump campaigned on the promise to increase tariffs on imports to the United States. Shortly after the election he announced significant tariffs on goods from the three largest trading partners: China, Mexico,...more

Kelley Drye & Warren LLP

President-Elect Trump Threatens New Tariffs on All Imports from China, Mexico, and Canada

Kelley Drye & Warren LLP on

On November 25, President-elect Trump announced on social media that on January 20, his first day in office, his administration will impose new tariffs on all imports from China, Mexico, and Canada. In two separate messages,...more

Snell & Wilmer

Trump’s Return to Trade: Preparing for the Tariff Battles

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President-elect Trump has indicated that he will immediately increase tariffs as to imports from multiple countries, most notably China, Mexico, and Canada. However, companies involved in international trade are closely...more

Faegre Drinker Biddle & Reath LLP

Updates on Potential Trade Tariffs for the Fentanyl Epidemic

This is an update on our October 24, 2024, client alert, “Are Tariffs the New Ammunition to Combat the Fentanyl Crisis?” We reported that a Section 301 petition had been filed by a nonprofit, Facing Fentanyl, requesting that...more

Braumiller Law Group, PLLC

Amendments to the MX Customs General Rules for 2024 and to Annexes 1, 2, 5 and 24 (Reglas Generales de Comercio Exterior para...

On October 14, 2024, the Tax Administration Service (SAT - Servicio de Administración Tributaria) published on the Diario Oficial de la Federacion an amendment to the Foreign Trade General Rules (Customs Rules) for 2024 and...more

Husch Blackwell LLP

Understanding the New Steel Import Regulations: What You Need to Know

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In a move to regulate steel imports more stringently, the U.S. government has introduced new requirements that will affect importers of steel and derivative steel products. As of November 21, 2024, importers must comply with...more

White & Case LLP

Modification of the guidelines regulating the issuance of import and/or export Permits for hydrocarbons and petroleum products

White & Case LLP on

On September 18th, the "Agreement Amending the One that Establishes the Goods Whose Import and Export are Subject to Regulation by the Ministry of Energy" (the "Agreement") was published in the Official Gazette of the...more

White & Case LLP

Mexico Initiates Antidumping Investigation on Imports of Epoxidized Soybean Oil Originating from the Federative Republic of Brazil...

White & Case LLP on

On September 12, 2024, the Ministry of Economy published in the Official Gazette of the Federation a resolution declaring the initiation of an antidumping investigation on imports of epoxidized soybean oil originating from...more

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