Tit For Tat US China Trade War
On Monday, President Trump announced new country-specific reciprocal tariff rates for a number of trading partners in a series of letters posted to Truth Social. President Trump also signed an executive order that further...more
On July 7, President Donald J. Trump signed an executive order extending the current pause on reciprocal tariffs through August 1, 2025, postponing implementation of country-specific reciprocal rates until that time. The...more
On July 7, President Trump began sending letters to select U.S. trading partners informing them of new “reciprocal” tariff rates that will be effective Aug. 1. These letters update the rates that the recipient country was...more
On Monday, July 7th, President Trump issued an Executive Order extending the deadline to re-impose higher reciprocal tariff rates on other countries from July 9, 2025 to August 1, 2025. This extension does not apply to the...more
We continue to follow the U.S.-Canada trade dispute, in the context of the changing global trade situation, and will continue to update the following as required. This post updates the situation to include (i) the U.S....more
Since Trump’s first term, tensions between the United States and China, the world’s two largest economies, have been on the rise. President Trump ran for his second presidential term on a promise to reduce reliance on China –...more
On April 2, 2025, President Trump announced reciprocal tariffs, setting a baseline rate of 10% on imports from all countries, with higher rates on dozens of countries which the United States (U.S.) runs trade deficits....more
On May 12, 2025, the United States and the People’s Republic of China agreed to temporarily suspend most tariffs for 90 days. The joint statement released by the Trump Administration states both countries will slash existing...more
In the face of US tariffs on steel, aluminium, autos and autoparts, the threat of resumption of so-called “reciprocal” tariffs and investigations concerning tariffs on products ranging from pharmaceuticals to wood, the EU...more
On May 12, 2025, the United States and China issued a joint statement in Geneva outlining an agreement to de-escalate from the latest rounds of tariff increases. The arrangement reduces tariffs back to the levels of the...more
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
In a Joint Statement released early Monday following weekend negotiations in Geneva, the United States and China announced mutual commitments to pause the tariffs applicable to each other’s goods. The parties committed to...more
Potential clarity on reciprocal tariff expectations may be emerging after framework trade deals announced with China and the United Kingdom. On May 12, 2025, the White House issued a Fact Sheet and Executive Order (“EO”)...more
We previously reported on the reciprocal tariffs on ALL countries issued by President Trump in early April. Over the weekend, the U.S. and China agreed to temporarily reduce tariffs amid a looming recession triggered by an...more
INTRODUCTION - On 8 May 2025 the European Commission announced a consultation on potential countermeasures in response to recent US tariffs on EU products. This development is part of ongoing trade tensions between the EU...more
On Thursday, the European Commission opened a public consultation on a proposed list of U.S. imports that could face European Union (EU) countermeasures if current negotiations between the EU and the U.S. fail to reach a fair...more
The European Union (EU) has proposed additional retaliatory tariffs on €100 billion of imports from the United States, if negotiations are unsuccessful. The list includes aircraft, vehicles, agricultural products, medical...more
In response to the Trump administration’s announcement of a fentanyl-related tariff on products from China at 10%, China took the following actions on February 4, 2025: New Tariff: PRC State Council Tariff Commission...more
On April 2, 2025, after weeks of speculation and heightened geopolitical tension, President Trump announced sweeping global tariffs on what he dubbed “Liberation Day”. The tariffs included a baseline universal tariff of 10%...more
The UK and the EU have begun formulating their responses to the tariffs imposed by the U.S. While the UK is still assessing its options and consulting with British businesses, the EU has already moved forward with plans to...more
Le 2 avril 2025, le président Trump a signé un décret imposant des tarifs douaniers « réciproques » sur les importations aux États-Unis (disponible en anglais seulement); ce décret établit des tarifs douaniers de base de 10 %...more
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
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
Welcome to this month’s issue of The BR International Trade Report, Blank Rome’s monthly digital newsletter highlighting international trade, sanctions, cross-border investment, geopolitical risk issues, trends, and laws...more
On April 2, 2025, President Trump signed executive order Regulating Imports with a Reciprocal Tariff, establishing a 10% baseline tariff on most worldwide imports to the United States and higher tariffs on approximately 60...more