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Foreign Relations Foreign Policy

Jones Day

Navigating Tariffs and Income Taxes and Transfer Pricing

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In this new trade landscape, it is more important than ever to coordinate customs and operational planning with income taxes and transfer pricing....more

Troutman Pepper Locke

Temporary Reduction of Reciprocal Tariffs on Chinese Goods Following US-China Trade Truce

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On May 12, President Trump issued an executive order, “Modifying Reciprocal Tariff Rates to Reflect Discussions with the People’s Republic of China” (the Order), temporarily lowering reciprocal tariffs on Chinese imports that...more

Seyfarth Shaw LLP

Tariff Turbulence: Navigating Force Majeure Risks in Texas Oil and Gas Contracts

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Upstream oil and gas producers and oilfield service companies are facing new uncertainties from recently imposed federal tariffs. In early 2025, the US expanded tariffs on a broad range of imports, suddenly increasing costs...more

Troutman Pepper Locke

USTR Takes Action to Counter China's Dominance in Maritime, Logistics, and Shipbuilding Sectors

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On April 17, the Office of the United States Trade Representative (USTR) announced proposed trade actions under Section 301 of the Trade Act of 1974 (Trade Act) to counteract China’s systemic dominance in the maritime,...more

Troutman Pepper Locke

White House Releases List of Products Excluded From Reciprocal Tariffs

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On April 11, the White House released a Presidential Memorandum, “Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended,” which exempts a list of semiconductors and electronics from reciprocal...more

Jones Day

China Boosts Enforcement of Anti-Foreign Sanctions Law

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China has recently taken several actions showing its commitment to counter trade restrictions imposed by other countries. In March 2025, it released regulations implementing the 2021 Anti-Foreign Sanctions Law. In tandem with...more

Troutman Pepper Locke

Tariff Reform Legislation and Congressional Trade Activity – Week of April 7, 2025

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On April 9 at 12:01am, reciprocal tariffs on more than 60 countries ranging from 17-50% were scheduled to go into effect, only to be pulled back on April 9 as President Trump announced a 90-day pause — possibly to July 8. The...more

Troutman Pepper Locke

US Modifies Reciprocal Tariff Rates

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President Trump signed a new executive order, “Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment” (the Order) on April 9, marking yet another significant shift in U.S. trade policy. The...more

Mayer Brown

The White House Announces Sweeping “Reciprocal Tariffs”

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On April 2, 2025, President Donald Trump signed an Executive Order designed to address the threat posed to the United States by trade deficits....more

Mayer Brown

Heightened Enforcement Risks and Opportunities in International Trade

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On April 2, 2025, the Trump Administration imposed a sweeping new set of tariffs against imported goods as part of its efforts to remake the framework for international trade. ...more

Troutman Pepper Locke

Unpacking the New Reciprocal Tariffs Reshaping US Trade Policies

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On April 2, President Trump declared “Liberation Day” and unveiled a series of sweeping tariff measures aimed at addressing trade imbalances and foreign trade practices while boosting domestic manufacturing. Marking the...more

Mayer Brown

Europe Daily News, 04 April 2025

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COMPETITION - Prior notification of a concentration (Case M.11817 - Metinvest / IB / JV)... Prior notification of a concentration (Case M.11962 - Actis / EdF / Bharat Grid)...more

Jones Day

Tensions Rise Between EU and U.S. Law

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As currently drafted, the PROTECT USA Act, introduced on March 12, 2025, may have the unintended impact of creating a significant tension between compliance with U.S. and EU laws by U.S. and non-U.S. companies....more

Troutman Pepper Locke

Trump Administration’s First Export Control Action – Reading the Tea Leaves

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On March 25, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced a significant expansion of its Entity List restrictions, adding 80 entities from China, the United Arab Emirates, South Africa,...more

Troutman Pepper Locke

Unprecedented "Secondary Tariffs" for Oil Trade With Venezuela

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On April 2 — labeled “Liberation Day” by President Trump — the Trump administration is set to add a new sanctions-like boost to its tariff strategy, with a threat to impose unprecedented “secondary tariffs” of 25% on “all...more

Akin Gump Strauss Hauer & Feld LLP

EU/UK Russia Sanctions: Potential De-escalation of Sanctions and Divergence from U.S. Regime

Background - The war in Ukraine has taken a new diplomatic turn in recent weeks. Having historically aligned with the European Union (EU) and United Kingdom (UK) on its condemnation of Russia’s war in Ukraine, and the need...more

Troutman Pepper Locke

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

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On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

Troutman Pepper Locke

Latest Sanctions Developments: Venezuela, Russia, and Yemen

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The Trump administration continues to ramp up sanctions on Venezuela and Yemen's Houthis, while sending mixed signals about its intentions with respect to Russia. We provide brief updates on these three areas, following up...more

Kelley Drye & Warren LLP

Tariffs and Trade Actions: Summing Up the Last Few Days

The tariff news of the last day has been coming at full speed. Whether a small manufacturer or part of a multinational group company; a firm that manages cross-border supply chains on a daily basis or one that rarely thought...more

Brownstein Hyatt Farber Schreck

Defense Trade/Arms Sales – Key Executive Branch Positions

While the world of defense and foreign policy is driven by the policies of the president and the secretaries of state and defense, defense trade and arms sales are managed by key under and assistant secretaries who oversee...more

Alston & Bird

US and India to Pursue Bilateral Trade Deal, Hope to Resolve Tariffs Dispute

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Following a meeting last Thursday, February 13th between Donald Trump and Indian Prime Minister Narendra Modi, India and the US agreed to begin talks on a bilateral trade deal that could help resolve the countries’ standoff...more

Womble Bond Dickinson

Executive Order: One Voice for America’s Foreign Relations

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On February 12, President Donald Trump announced an executive order indicating to consular officers and foreign officers that “failure to faithfully implement the President’s policy is grounds for professional discipline,...more

Mayer Brown

UK Weekly Sanctions Update - Week of February 3, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world. Counter-Terrorism Sanctions - UK charity director charged for breaching the Counter-Terrorism Sanctions Regulations: On February 6, 2025,...more

Akin Gump Strauss Hauer & Feld LLP

One Voice for America’s Foreign Relations (Trump EO Tracker)

Requires all officers or employees charged with implementing the foreign policy of the United States to do so under the direction and authority of the President. Failure to faithfully implement the President’s policy is...more

Quarles & Brady LLP

New Tariffs Mean New Targets of the False Claims Act

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The value of goods imported to the United States in Fiscal Year 2024 was $893.15 billion, and as a result, U.S. Customs and Border Protection (“CBP”) collected $24.37 billion in duties, taxes and fees for those imports. Given...more

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