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As of June 19, 2025, U.S. import tariffs vary widely depending on the product and country of origin. Goods from China face layered duties, including Section 301 tariffs ranging from 7.5% to 100% (with electric vehicles hit...more
The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. The ICC most recently issued the 2020 version...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
In Husch Blackwell’s May 2025 Trade Law Update you’ll learn about the following updates in international trade and supply chain law: • An update on U.S. Department of Commerce decisions - • U.S. International Trade...more
So-called “Liberation Day” tariffs shook markets and sparked recession fears on April 2, with rates ranging from a universal 10% to a country-specific reciprocal tariff as high as 49% for Cambodia. While the 10% universal...more
AGG partner and Life Science team member, Allison Raley, will present a complimentary webinar examining how life sciences companies can overcome challenges in the face of U.S. tariffs. As international trade tensions persist...more
Less than five months into the new administration, we have already seen more than 50 tariff proclamations. With new tariffs being proposed, imposed, revoked, suspended, and sometimes reimposed, it can be difficult for...more
Join Chris White on the latest episode of CHPS of Insight as he chats with Kelsey J. Christensen, an attorney with Clark Hill's International Trade group and a Director of Clark Hill Public Strategies. This episode delves...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
On Friday, President Trump threatened to impose a tariff of 25 percent or more on iPhones made outside the United States. The threat may foreshadow the outcome of the ongoing Section 232 investigation on semiconductors....more
On 8 May 2025, US President Donald Trump and UK Prime Minister Kier Starmer announced an agreement on General Terms of the Economic Prosperity Deal (EPD) between the United States and the United Kingdom. Although not a...more
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
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
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
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
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
The United States and the United Kingdom have agreed to ease the trade tension between the two countries by deciding to implement a few sectoral measures related to automotive, agriculture and overall access to each other’s...more
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
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
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
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