News & Analysis as of

Trade Relations Retaliatory Tariffs International Trade

Gray Reed

UPDATE: Status of Tariffs on China

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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

Foley Hoag LLP

EU Commission Announces Consultation on Possible “Rebalancing” of €100 Billion of US Trade

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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

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

Alston & Bird

President Trump Slashes China Tariffs by 115%

Alston & Bird on

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

Benesch

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

Benesch on

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

Amundsen Davis LLC

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

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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

Mayer Brown

European Commission Initiates Consultation on New Retaliation in Response to US Tariffs

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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

Akin Gump Strauss Hauer & Feld LLP

EU Publishes New List of Products that Could be Subject to Retaliatory Tariffs and Invites Comments from Stakeholders

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

Husch Blackwell LLP

Europe Threatens Additional Retaliatory Tariffs Against the United States

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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

A&O Shearman

A new era of global trade tensions

A&O Shearman on

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

WilmerHale

President Trump Suspends Most Reciprocal Tariffs for 90 Days, While Significantly Increasing Tariffs on China

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On April 2, 2025, President Donald Trump issued an executive order (Reciprocal Tariffs EO) imposing a 10% baseline reciprocal tariff on nearly all US trading partners, effective April 5, and an additional reciprocal tariff on...more

Goodwin

The Trump Tariffs Update

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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

Wiley Rein LLP

Trump Reduces Global Reciprocal Tariffs but Increases Them for China

Wiley Rein LLP on

On April 2, 2025, the President announced the imposition of reciprocal tariffs on goods imported into the United States from a broad range of countries at an initial 10% rate. Higher rates for specific countries were...more

Arnall Golden Gregory LLP

Focused Escalation: Administration Pauses Most Tariffs, Raises China Rate to 125%, Signals Broader Sector Reach

Key Takeaways - President Donald Trump announced a 90-day pause on all the “reciprocal” tariffs, with the exception of China, which will see tariffs increased to 125%. The president said he also expects Beijing to reach an...more

Eversheds Sutherland (US) LLP

US-China trade war – More tit-for-tat: China’s comeback - April 2025

In recent weeks, the global trade environment has experienced an unprecedented level of volatility and uncertainty due to a series of new trade policies announced by the US.  Those actions have triggered responses by the US’...more

Benesch

Reciprocal Tariff Q&A - What the “Pause” Means for Supply Chains

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Today the White House released written details for its modification of the “Reciprocal Tariff” program originally announced on April 2, 2025. This most recent Executive Order (the “E.O.”) issued on April 10, 2025, provides...more

Husch Blackwell LLP

Tariffs on China raised to 125%, Rates for Other Countries Lowered to 10% for 90 days

Husch Blackwell LLP on

On April 9, 2025, President Trump issued an Executive Order titled “Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment”, increasing the reciprocal tariff rates for China to 125%....more

Proskauer - Regulatory & Compliance

The Recently-Announced U.S. Tariffs Followed By a 90-Day Pause: Frequently Asked Questions

These “frequently asked questions” explain tariffs at a basic level, the Administration’s recently-announced new tariffs, its announced a 90-day “pause” on certain of the new tariffs, and how the new tariffs will impact U.S....more

Eversheds Sutherland (US) LLP

Trump reciprocal tariffs: a paradigm shift, a pause, and consequences for US trading partners

On April 2, 2025, the Trump Administration announced new, comprehensive tariff rates representing the most significant change in US trade policy in a generation—a paradigm shift from an era of low tariffs to an approach based...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - April 2025 - 2025 Trade Policy Agenda Provides Rationale for Trump Tariff Actions

On March 3, 2025, the Office of the United States Trade Representative (USTR) released the 2025 Trade Policy Agenda and 2024 Annual Report by the United States Trade Representative of the President of the United States on the...more

Kelley Drye & Warren LLP

UPDATED: China, Canada, EU Impose Retaliatory Tariffs as Reciprocal Tariffs Come into Effect

UPDATE: On April 9, just hours after higher country-specific reciprocal tariffs took effect on imports from a wide-range of countries, President Trump announced a 90-day pause for countries that have not retaliated against...more

BCLP

How Should Companies Update Risk Factors and MD&A During a Global Trade War?

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As companies prepare to file Form 10-Qs, they should give special attention to risk factors in light of recently announced global tariffs. The situation is particularly challenging due to the fluid environment, including the...more

Holland & Knight LLP

China's Comprehensive Retaliation Against U.S. Tariffs

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China on April 4, 2025, announced a third and significantly escalated round of retaliatory measures in response to the United States' latest tariff action. This follows President Donald Trump's Executive Order (EO) 14257...more

Torres Trade Law, PLLC

High Reciprocal Tariffs Announced on “Worst Offenders,” 10% on All Other Countries

On April 2, 2025, President Trump announced long-awaited reciprocal tariffs on imports of foreign goods into the United States. This action follows the President’s recent announcement on March 26, 2025, of a 25% tariff on...more

DLA Piper

Trump Administration Tariffs: Responses from the EU, the UK, and APAC

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On Wednesday 2 April 2025, US President Donald Trump signed an Executive Order declaring a national emergency “arising from conditions reflected in large and persistent annual US goods trade deficits.” In response, the...more

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