Making Trade Inclusive for All Americans Podcast: A Conversation with the President of the Steel Manufacturers Association (SMA)
The implementation of new 25% Section 232 duties on steel, aluminum, and certain derivatives, effective March 12, 2025, which are in addition to any special rate of duty otherwise applicable, are affecting importers globally....more
Companies are facing a unique trade market. President Trump has announced various tariffs, including additional tariffs on China, the on-again, off-again tariffs on Canada and Mexico, auto tariffs, steel and aluminum tariffs,...more
The United States is actively using tariffs to achieve its economic and political goals. Whether or not you agree with this policy approach, as a participant in the global economy you had better pay careful attention to the...more
In fewer than three months, the Trump administration has upended decades of US trade policy and practice in the wake of the administration’s America First Trade Policy articulated in the January 20, 2025, Presidential...more
On February 10, President Trump issued Proclamations 10896, “Adjusting Imports of Steel Into the United States” and 10895 “Adjusting Imports of Aluminum Into the United States,” (together, Proclamations), reasserting U.S....more
At an event dubbed “Liberation Day” held at the White House on April 2, 2025, President Donald Trump announced an across-the-board 10% baseline tariff for all imported goods, on top of individualized “reciprocal” tariffs on...more
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
As the Trump Administration’s tariffs are now in effect, owners, developers, and contractors managing pending construction projects face questions about who is ultimately responsible for impacts (both time and cost) resulting...more
In our recent publication, “The Impact of Tariffs on the Insurance Industry,” we explored how the sweeping tariff policy announced by President Donald Trump is affecting various insurance sectors....more
President Trump has directed his foreign investment agency to conduct a fresh national security review of Nippon Steel’s proposed acquisition of U.S. Steel, the Wall Street Journal has reported. The proposed $14 billion...more
President Trump recently announced new and increased tariffs affecting key construction materials. The on-again, off-again nature of the Trump Administration’s tariff measures are contributing to the economic uncertainty in...more
The tariff landscape continues to shift. On April 2, 2025, the current pause on tariffs for many Mexican and Canadian imports is set to expire, while tariffs on all countries importing Venezuelan oil are set to take effect....more
No new tariffs have been implemented this week. But, President Trump has publicly committed to rolling out reciprocal tariffs, as well as tariffs on automobiles, on April 2. While only limited details have been released as to...more
Welcome to the March 2025 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and...more
Tariffs of 25% on steel and aluminum mill products from all sources, imposed under Section 232 of the Trade Expansion Act of 1962, went in effect at 12:01 this morning...more
Early Monday, Ontario announced a potential 25 percent increase in electricity prices for three northern U.S. states, Minnesota, New York and Michigan, only to suspend the threatened surcharge after conversations with the...more
Today, President Trump’s adjustments to the existing Section 232 steel and aluminum tariffs come into effect. These adjustments impose a 25% ad valorem duty on imports of steel articles and derivative products with no...more
On March 4, 2025, the Trump Administration imposed 25% import tariffs on nearly all Canadian and Mexican origin goods under the International Emergency Economic Powers Act (“IEEPA”)....more
On Feb. 1, 2025, President Donald Trump announced that tariffs on all goods imported from Canada and Mexico — including aluminum and steel — would be imposed at 12:01 a.m. on Feb. 4, 2025. The administration later agreed to...more
During the 2024 presidential campaign, Donald Trump repeatedly promised to impose tariffs on imports from Canada, Mexico, and China. This was widely viewed as a negotiating tactic, especially concerning Canada and Mexico, the...more
On February 10, 2025, the Trump administration published a proclamation announcing reinstatement of the 25% tariff on all steel imports (“Steel Proclamation”). That same day, President Trump also issued a proclamation...more
On March 1, 2025, President Trump issued an Executive Order directing the U.S. Department of Commerce (“Commerce”) to initiate a Section 232 investigation into imports of timber, lumber, and their derivative products. This...more
As reported in our prior article, “What Every Multinational Company Should Know About … The New Steel and Aluminum Tariffs (Part I),” President Trump signed two proclamations on February 10, 2025, imposing 25-percent tariffs...more
On 16 February 2025 the UK Department for Business and Trade published a consultation paper to inform their development of a new steel strategy. The "Plan for Steel" consultation – open until 31 March 2025 – provides an...more
On February 10 and 11, 2025, President Trump issued two proclamations pursuant to Section 232 of the Trade Expansion Act of 1962 (Section 232) announcing the imposition and/or reimposition of certain tariffs on imported steel...more