On June 16, 2026, the European Parliament (EP) approved two legislative texts implementing the EU’s tariff commitments under the EU-US trade agreement. Formal approval by the Council of the EU remains pending. The adopted measures provide for the elimination of tariffs on all US industrial goods and grant preferential market access for a wide array of US seafood and agricultural goods. The extension of tariff-free lobster imports, now including processed lobster, was also endorsed by…
On January 29, 2026, President Trump signed Executive Order 14380, “Addressing Threats To the United States by the Government of Cuba” (the “Executive Order”), in which he declared a national emergency with respect to Cuba and authorized the United States to impose new tariffs on imports from countries that directly or indirectly supply oil to the Government of Cuba. The Executive Order is accompanied by a White House Fact Sheet outlining the administration’s national security…
On January 14, 2026, President Trump issued two proclamations under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. § 1862), relating to imports of semiconductors and critical minerals (the “Semiconductor Proclamation” and “Critical Minerals Proclamation”, respectively). These proclamations—especially the Semiconductor Proclamation, which imposes an immediate 25% tariff on imports of certain semiconductors—will likely have significant impacts on U.S. trade in these sectors. Semiconductor Proclamation The Semiconductor Proclamation was issued based on the…
Background Tensions between the United States and the European Union have intensified after President Trump announced, in a January 17, 2026, social media post that the United States will impose tariffs of 10% from February 1 and 25% from June 1 on Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom, unless a deal is reached for the “complete and total purchase of Greenland.” Tariffs Threatened by the United States The threatened…
On January 15, 2026, the United States and Taiwan concluded a trade and investment deal establishing a strategic economic partnership focused on semiconductor manufacturing, tariff reform, and reciprocal market access. According to the US Department of Commerce fact sheet, the deal seeks to “drive a massive reshoring of America’s semiconductor sector” while providing Taiwan with tariff stability and investment assurances. Overview Tariff Relief: The deal introduces a predictable tariff framework. US duties on Taiwanese goods…
On 14 November 2025, Switzerland, Liechtenstein, and the United States announced a framework to negotiate an Agreement on Fair, Balanced, and Reciprocal Trade (see joint statement here and press release of Swiss government here, see fact sheet here). This development brings long-awaited relief to Swiss market participants after the steep 39% tariffs introduced on 1 August 2025 (Swiss national day) sent shock waves through the Swiss economy. Under the framework, the United States will reduce…
On September 4, President Trump issued an executive order to implement a trade agreement recently reached between the United States and Japan. The executive order memorializes a trade agreement announced by President Trump in July and provides some additional details on the terms of the agreement. The agreement introduces a general tariff framework where a baseline 15% tariff will apply to nearly all Japanese imports. If a product’s existing tariff is less than 15%, it…
Effective today, August 29, 2025, de minimis duty-free treatment under 19 U.S.C. § 1321(a)(2)(C) is no longer available for shipments valued at $800 or less, entering into the United States, including those entering through international mail, under Executive Order (“EO”) 14324 of July 30, 2025. Carriers delivering shipments to the United States through the international postal network, or other qualifying parties that are approved by Customs and Border Protection (“CBP”), must collect and remit duties to CBP…
On August 25, U.S. Customs and Border Protection (“CBP”) issued a draft Federal Register notice to effectuate the President’s Executive Order (“EO”) on “Addressing Threats to the United States by the Government of the Russian Federation,” which imposed additional tariffs on imports of Indian origin due to India directly or indirectly importing Russian oil. Under these new tariffs, imports of most goods of Indian origin will be subject to an additional 25% duty, effective August 27, which…
On August 19, the Department of Homeland Security’s Office of Strategy, Policy, and Plans issued its annual update to its Uyghur Forced Labor Prevention Act Strategy (UFLPA Strategy). The update expands the list of high-priority enforcement sectors and adds 78 new entities to the Uyghur Forced Labor Prevention Act Entity List (UFLPA Entity List). The UFLPA Strategy was first issued in 2022 to support enforcement of the Uyghur Forced Labor Prevention Act (UFLPA), enacted in…