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Read need-to-know updates, commentary, and analysis on International Trade issues written by leading professionals.
Thompson Coburn LLP

77. May 7, 2026 | Court of International Trade Determines Section 122 Tariffs are Unlawful

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The 10% surcharge remains effective until July 24, 2026, unless terminated early or extended by an Act of Congress.   In a dissenting opinion, Judge Stanceu found that the court’s review of the President’s exercise of...more

Kilpatrick

IEEPA Refund Process Has Begun and The New Temporary 10% Tariffs Struck Down

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On April 20, 2026, U.S. Customs and Border Protection (CBP) launched Phase 1 of the Consolidated Administration and Processing of Entries (CAPE) portal, the new electronic mechanism for refunding International Emergency...more

Warner Norcross + Judd

IEEPA Replacement Tariffs Ruled Illegal

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In February, after the Supreme Court struck down tariffs issued by President Trump under the International Emergency Economic Powers Act of 1977 (IEEPA), the President issued a new, broad, globally applicable 10% tariff under...more

Morrison & Foerster LLP

New Cuba Sanctions Broaden Targeting Authorities—and Risk to Foreign Financial Institutions

On May 1, 2026, the Trump Administration escalated U.S. sanctions on Cuba by issuing Executive Order (E.O.) 14404, which, in part: (i) provides broad authority to designate parties determined to participate in key sectors of...more

Wiley Rein LLP

Former U.S. House Member Found Guilty of Violating FARA

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On May 1, 2026, former U.S. Rep. David Rivera of Florida was found guilty by a federal jury in Miami of failing to register as a foreign agent pursuant to the Foreign Agents Registration Act (FARA). FARA requires that any...more

BakerHostetler

The Weekly Hill Update - May 2026

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Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

White & Case LLP

AI Watch: Global regulatory tracker - OECD : The OECD's Recommendation on Artificial Intelligence encourages Member States to...

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The OECD Council's Recommendation on Artificial Intelligence (the "Recommendation") adopted by 49 adherents as of April 2026 (the "Adherents"), contains: The OECD's AI Principles (the "Principles") , which were the first...more

Latham & Watkins LLP

European Commission Publishes Revised ESRS for Consultation

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The revised sustainability guidelines and new voluntary standard for smaller companies will impact how any in-scope entities need to plan their business strategies and compliance plans....more

Skadden, Arps, Slate, Meagher & Flom LLP

Japan Proposes Amendments to Supervisory Guidelines Concerning Reinsurance

On April 8, 2026, the Japanese Financial Services Agency (JFSA) published a proposed amendment to its Comprehensive Guidelines for Supervision of Insurance Companies, adding new provisions specifically targeting reinsurance....more

Shook, Hardy & Bacon L.L.P.

Southern District of Florida Sees Rare FARA Conviction

ast Friday a jury in the Southern District of Florida found former Florida congressman David Rivera guilty of failing to register after a foreign agent in connection with a $50 million deal with a Venezuelan state-owned oil...more

Kelley Drye & Warren LLP

Court of International Trade Holds Section 122 Tariffs Unlawful

On May 7, 2026, in a 2-1 decision by a three-judge panel of U.S. Court of International Trade, the court held unlawful President Trump’s imposition of 10% tariffs under Section 122 of the Trade Act of 1974....more

Baker Botts L.L.P.

P2N0 - Edition 44 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to Edition 44 of P2N0 covering the drive to avoid, reduce and remove greenhouse gas (GHG) emissions to progress to net-zero GHG emissions (NZE). P2N0 covers significant news items globally, reporting on them in short...more

Baker Botts L.L.P.

Trump Tariff Tracker – May 8, 2026

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In a May 7, 2026 decision, a divided U.S. Court of International Trade (CIT) panel held that President Trump’s 10 percent global tariffs imposed under Section 122 of the Trade Act of 1974 were unlawful and unauthorized,...more

Clark Hill PLC

CIT Strikes Down Section 122 Tariffs: Big Holding, Narrow Relief, and a Refund Map for Importers

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On May 7, 2026, a divided three-judge panel of the U.S. Court of International Trade (“CIT”) held that President Trump exceeded the statutory authority under Section 122 of the Trade Act of 1974 when he imposed the...more

Morgan Lewis

New Executive Order Threatens Sanctions Against Non-US Persons Doing Business with Cuba

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The White House’s new executive order substantially expands the scope of an already comprehensive sanctions framework on Cuba, authorizing sanctions on non-US persons doing business with Cuba, as well as non-US...more

A&O Shearman

EEA banking customers beware. If you don't ask, you don't get

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From July 11, EEA banking customers may notice that non-EEA banks and broker dealers (together, non-EEA banks) no longer generally market their banking services to them. EEA customers wanting to continue to acquire banking...more

Wilson Sonsini Goodrich & Rosati

FCC Sets New Satellite Spectrum Sharing Framework

On April 30, 2026, the Federal Communications Commission (FCC) adopted an Order fundamentally revising how satellite systems share spectrum in the Ku and Ka bands, replacing the decades-old Equivalent Power Flux Density...more

Dorsey & Whitney LLP

U.S. Court of International Trade Holds Section 122 Tariffs Unlawful – Enjoins Tariff Collection and Orders Refunds for...

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The U.S. Court of International Trade (“CIT”) held on Thursday, May 7, 2026, that the Trump Administration’s imposition of a global 10% “import surcharge” on nearly all U.S. imports is unsupported by Section 122 of the Trade...more

Thomas Fox - Compliance Evangelist

AI Today in 5: May 11, 2026, The AI Notetakers Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to AI Today In 5....more

BakerHostetler

Court Finds Temporary Section 122 Tariffs Unlawful

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The U.S. Court of International Trade (CIT) on May 7 ruled by a 2-1 vote that the 10 percent temporary tariffs imposed under Section 122 of the Trade Act of 1974 are unlawful. The administration imposed the Section 122...more

Hogan Lovells

Merger, she wrote (Part 1): How Brussels rewrites its merger guidelines

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After more than two decades of stability, EU merger control is now in the final stages of having its largest substantive overhaul since the adoption of the 2004 Merger Regulation (EUMR). On 30 April 2026, the European...more

Brownstein Hyatt Farber Schreck

China Invokes “Blocking Statute” Framework Ahead of Trump–Xi Summit

In advance of the May 14–15 meeting between President Donald Trump and President Xi Jinping in Beijing, senior U.S. and Chinese economic officials previewed legal and regulatory authorities they would consider leveraging in...more

Wilson Sonsini Goodrich & Rosati

EU AI Act Undergoes Significant Changes

On May 7, 2026, EU legislators reached a political agreement to amend the EU Artificial Intelligence Act (AI Act), with significant implications for AI companies operating in the EU. The most important changes are...more

Thomas Fox - Compliance Evangelist

FCPA Compliance Report: Report from Compliance Week 2026 on AI Sessions

In this episode, Tom Fox takes a solo turn behind the mic to report on the AI tracks from the recently concluded Compliance Week 2026 conference. He highlights two AI tracks: practical “creative” uses, including live...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: May 11, 2026, The Tainted by Corruption or Collusion Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

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