News & Analysis as of

Tariffs Executive Orders

Baker Botts L.L.P.

Progress Achieved in U.S. Trade Talks with China and United Kingdom

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After announcing and then pausing the implementation of wide-ranging reciprocal tariffs last month, the Trump Administration has recently taken notable steps aimed at recalibrating and improving U.S. trading relationships....more

Husch Blackwell LLP

CBP Issues Guidance on Prioritization of Articles “Subject to” More Than One Tariff Under EO 14289

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On May 15, 2025, U.S. Customs and Border Protection (“CBP”) issued further guidance via the Cargo Systems Messaging Service (“CSMS”) for determining the order in which the various tariffs will apply to an article when that...more

Wilson Sonsini Goodrich & Rosati

Do April Tariff Showers Bring May Trade Deal Flowers?

Following the introduction and partial rescission of the “Liberation Day” tariffs last month, the latest U.S. government actions have largely—though not universally—continued down the path of an easing tariff burden. Of...more

Polsinelli

Trump Administration Announces New Executive Order to Promote Domestic Production of Biopharmaceuticals

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Key Takeaways - Regulatory Relief for U.S. Manufacturing: The EO streamlines FDA and EPA processes to encourage domestic pharmaceutical production....more

McGuireWoods LLP

U.S. and China Move to Lower Tariffs, Relieve Supply Chain Pressures, Costs for Businesses

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The United States and the Republic of China announced a significant step toward easing longstanding trade tensions, with both nations agreeing to lower a series of tariffs imposed during the ongoing trade dispute. The...more

ArentFox Schiff

As the (Customs and Trade) World Turns: May 2025

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Welcome to the May 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

Foley & Lardner LLP

Foley Automotive Update - May 2025

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Foley & Lardner provided an overview for multinational companies regarding the potential antitrust scrutiny over tariff-related pricing changes. Visit Foley & Lardner’s Trump Administration Resource Hub: Legal and Business...more

Blake, Cassels & Graydon LLP

Legal Challenges to U.S. Tariffs Escalate

Since February 1, 2025, United States President Donald Trump has issued a number of executive orders imposing tariffs on countries around the world, including Canada. As the tariff landscape continues to shift, the number of...more

White & Case LLP

United States and China Agree to Partially De-escalate April Tariffs

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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

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

Lathrop GPM

U.S.-China Trade Update: Trade Deal Brings Tariff and Policy Changes

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This information was current as of 8:00 a.m. CT, May 15, 2025. We will update as changes occur. On May 12, 2025, the United States and China jointly announced a temporary trade agreement aimed at de-escalating ongoing...more

Dorsey & Whitney LLP

U.S. Agrees to Lower Tariffs on Imports from China and United Kingdom; Trump Administration Launches New Investigation Into...

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On May 12, 2025, President Trump issued an executive order temporarily reducing the “reciprocal” tariffs on China, Hong Kong, and Macau origin goods from 125% to 10%, and lowering tariffs imposed on international mail parcels...more

Husch Blackwell LLP

Summary of Tariff Requirements Updated: May 14, 2025

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Provided below is a status update and summary of tariffs that have been implemented since February 1, 2025, and its impacts on imports from multiple countries. IEEPA Tariffs - IEEPA tariffs were announced on February 1,...more

WilmerHale

Limits of IEEPA’s Designation Authority

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Over the first 100 days and beyond, the Trump Administration has deployed national security authorities in novel ways. Perhaps most notably, President Trump has asserted authority under the International Emergency Economic...more

Benesch

Trade Deal Q&A - China and UK Developments and Impacts

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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

ArentFox Schiff

US-China Tariff Truce? 90-Day Pause Begins May 14

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On May 12, the United States and the People’s Republic of China announced a temporary 90-day agreement to roll back some of the reciprocal tariffs increases imposed in April. The agreement decreases the China reciprocal...more

Polsinelli

United States and China Announce Temporary 115 Percent Reduction in Tariffs While Trade Discussions Continue

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After negotiations over the weekend in Geneva, Switzerland, the United States and China reached a new trade deal on Monday, May 12, 2025, to temporarily slash tariffs on each country’s goods by 115 percent for the next 90...more

Husch Blackwell LLP

U.S. and China Agree to Reduce Tariffs for 90 Days

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On May 11, 2025, the U.S. announced that it had reached an agreement with China to mutually reduce tariffs against each country for 90 days. The reduced rates, discussed below, will take effect for goods entered on or after...more

Kennedys

US Tariffs: the regulatory landscape, impact on trade and strategic guidance for clients in the commercial, maritime and insurance...

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Presidential authority & legal foundations for US tariff policies The legal framework governing tariffs in the US is rooted in the US Constitution, which grants Congress the power to levy tariffs. However, this authority has...more

Warner Norcross + Judd

A 90-Day Reprieve in U.S./China Trade Relations

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On May 11, 2025, the United States and China concluded their trade negotiations in Geneva, Switzerland. Both countries agreed to make certain “beneficial economic” commitments to deescalate the trade war, the most important...more

Kelley Drye & Warren LLP

Tariff Update: UK, Canada, and Mexico, Oh My!

We provide two tariff program updates, of relevance to the steel and aluminum Section 232 tariff programs and the IEEPA tariff programs specific to Canada and Mexico. First, last week, the United States and the United Kingdom...more

Sheppard Mullin Richter & Hampton LLP

Onshoring Pharma Ops: Reading Recent EO and Policy Tea Leaves

Recently, underscoring a commitment to national security, the White House and the Food and Drug Administration (FDA) issued separate communications that aim to bolster domestic drug manufacturing while tightening oversight of...more

King & Spalding

New Executive Order Promotes Domestic Production of Critical Medicines

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On May 5, 2025, President Donald J. Trump issued Executive Order (“EO”) 14293 entitled Regulatory Relief to Promote Domestic Production of Critical Medicines. The EO directs the U.S. Food and Drug Administration (“FDA”), U.S....more

Morgan Lewis

From Offshore to Onshore: Considerations for Pharmaceutical Industry Stakeholders Amid New Domestic Drug Manufacturing EO

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The White House on May 5, 2025 issued an executive order requiring the US Food and Drug Administration to find ways to facilitate the opening of new drug manufacturing sites in the United States while also increasing the...more

Baker Botts L.L.P.

Trump Tariff Tracker -- May 7

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This past Saturday, the last piece of the automobile tariffs came into force when those 25 percent tariffs became effective on imported automobile parts (including engines and engine parts, transmissions and powertrain parts,...more

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