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On Thursday, 8 May, shortly after the announcement of the trade agreement with the United Kingdom and the United States, US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent provided additional details...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
This article was originally published shortly after the election on November 26, 2024. It has been updated to reflect updates from U.S. Presidential Actions and foreign trade partner countermeasures taken after President...more
This is the first installment in a series of pieces in which members of the Womble Bond Dickinson Global Trade Advisors (GTA) team will review a number of current issues in international trade regulation. The authors will...more
President Trump announced his America First Trade Policy on his first day in office. This Policy directed federal agencies to conduct investigations on a wide spectrum of trade policies including Addressing Unfair and...more
The U.S. Trade Representative (USTR) made a determination on Jan. 20, 2025, that China's targeting of the maritime, logistics and shipbuilding sectors for dominance is unreasonable and burdens or restricts U.S. commerce and...more
On February 13, 2025, President Trump issued a Presidential Memorandum on “Reciprocal Trade and Tariffs” (the “Reciprocal Tariffs Memorandum”), introducing the “Fair and Reciprocal Plan” to determine “the equivalent of a...more
On 21 February 2025, President Trump ordered three additional steps to implement the America First Trade Policy announced on 20 January 2025: Establish a notice and comment process for the US Trade Representative (USTR) to...more
This article was originally published shortly after the election on November 26, 2024. It has been updated to reflect updates from Presidential Actions taken after President Trump took office. ...more
Following days of speculation, President Donald Trump announced on February 13, 2025, a new tariff policy outlined in a Presidential Memorandum entitled the “Fair and Reciprocal Plan” (Plan). The Memorandum directs key trade...more
The United States-Mexico-Canada Agreement (USMCA) joint review process is scheduled to begin on July 1, 2026, but the time to prepare is now. Embedded trade compliance professionals should already be doing scenario...more
President Donald Trump issued a presidential memorandum titled "America First Trade Policy" on Jan. 20, 2025, outlining the immediate trade priorities for his administration. The memorandum directs various federal agencies...more
President Trump has been clear that tariffs will be a policy cornerstone of his second administration. Whether being used as leverage to extract policy concessions or to address true bilateral trade imbalances, the threat of...more
On January 20, 2025, within hours of taking the oath of office, President Trump signed an executive order (EO) entitled the America First Trade Policy. As anticipated, the EO directs the Department of Commerce, Department of...more
This advisory alert is part of an ongoing series from Venable regarding noteworthy developments in trade laws expected in 2025. An introductory preview article is available here, and an alert about tariffs and trade policies...more
Higher tariffs are coming for some domestic importers even before President-Elect Trump’s inauguration on January 20, 2025. Our team has been reporting throughout the year on the Biden Administration’s recent use of the...more
A total of 185 Section 301 exclusion requests for machinery used in domestic manufacturing have been filed as of Dec. 19, 2024. Of those, 136 requests remain open for opposition or support from interested parties or for...more
On November 25, 2024, President-elect Trump announced that he would impose an additional 10% tariff on China, and 25% tariffs on Mexico and Canada, garnering considerable attention both for their potential to reshape the U.S....more
During the 2024 U.S. presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs. President Trump may seek to immediately apply levies of up to 20% on all imports, 25% on items from Mexico...more
In this first installment of our four-part trade series, we explore how President-elect Trump may implement proposed tariff increases on imports of foreign-origin goods into the United States....more
This is an update on our previous client alerts, “Are Tariffs the New Ammunition to Combat the Fentanyl Crisis?” and “Updates on the Potential Trade Tariffs for the Fentanyl Epidemic.”...more
President-Elect Donald Trump on Nov. 25, 2024, announced his intention to impose additional 10 percent tariffs on China, as well as additional 25 percent tariffs on Mexico and Canada. He has not yet indicated which authority...more
During his 2024 presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs, even without congressional approval, including a 25%-75% tariff rate on Mexican imports, a 60% tariff rate on...more
This is an update on our October 24, 2024, client alert, “Are Tariffs the New Ammunition to Combat the Fentanyl Crisis?” We reported that a Section 301 petition had been filed by a nonprofit, Facing Fentanyl, requesting that...more
For several years now, Section 301 and 232 tariffs have impacted the cost of production, resulted in price increases, shifted global supply chains and increased domestic investments in manufacturing. With new potential...more