Following last week’s announcement of a trade deal between Indonesia and the U.S., on July 22 the two countries released a joint statement on the framework for negotiating the anticipated agreement. The statement confirms that the agreement will build upon the existing U.S.-Indonesia Trade and Investment Framework Agreement of 1996 and discloses some details of the deal that were not included in the initial announcement. The joint statement indicates the trade agreement will be negotiated…
On July 22, President Trump announced that the U.S. had struck a trade agreement with Japan. The announcement calls for a 15% tariff on Japanese goods imported into the U.S. In return, Japan will “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.” Under President Trump’s reciprocal tariff package announced in April, Japanese goods would be subject to a 24% duty. The imposition of this tariff…
On July 15, President Trump turned to social media to announce a new trade agreement between the United States and Indonesia. The agreement, the third trade deal the U.S. administration has announced since the announcement of the “Liberation Day” tariffs, establishes a 19% duty on Indonesian imports to the United States, while U.S. goods will enjoy duty-free access to Indonesian markets including a potential non-tariff barrier elimination. The announcement also discloses that Indonesia has committed…
On July 11, 2025, the White House announced through a letter published on its social media channels that, starting August 1, 2025, the United States will impose a revised 30% tariff on goods from Mexico and the European Union. For additional information on the announcement, please refer to our blog post: US: President Trump Hits Canada, EU and Mexico with High Tariffs – Import and Trade Remedies Blog In response, on July 12, 2025, the…
On July 9, President Trump took to social media to announce updated tariffs targeting eight countries, which will come into effect on August 1. The news follows the announcement two days earlier of revised tariffs against 14 countries and the extension of the postponement of country-specific reciprocal tariffs, until August 1. The revised tariff rates range from 20% to 50%. As with the previously announced duties, the updated rates include hikes for some countries as…
In a move that could significantly reshape transatlantic commerce, President Donald Trump signed Executive Order 14309 on June 16, 2025, enacting key provisions of the UK-US Economic Prosperity Deal. This agreement, unveiled at the G7 summit in Canada, aims to ease trade tensions and foster deeper economic cooperation between the United Kingdom and the United States. The order was published that same day in the Federal Register and its provisions went into effect on June…
On July 2, 2025, President Trump announced on a social media post that the United States had entered a trade agreement with Vietnam. According to the post, the agreement will provide for the importation of US products into Vietnam free of tariffs. In exchange, Vietnamese imports will be assessed a 20% duty. Additionally, a 40% tariff will apply to transhipments—i.e., goods originating from third countries shipped to the US via Vietnamese ports. Background Vietnam was…
On June 17, the plaintiff-appellees in Learning Resources, Inc., et al v. Donald Trump, et al petitioned the Supreme Court of the United States for certiorari, asking the Court to consider the lawfulness of tariffs President Trump imposed under the putative authority of the International Emergency Economic Powers Act (IEEPA). With the appeal currently pending before the Court of Appeals for the District of Columbia Circuit (D.C. Circuit), the petition takes the uncommon step of…
On June 3, President Trump signed a proclamation increasing tariffs on certain imported steel and aluminum to 50% under Section 232 of the Trade Expansion Act of 1962. The proclamation increases the applicable rate of these duties from 25% and makes additional changes as to the applicable duties for certain products which could be subject to multiple tariff schemes. A summary of the effects of this June 3 proclamation are outlined in this update. Key…
In a landmark decision, the United States Court of International Trade (“CIT”) has ruled against the President’s imposition of tariffs under the International Emergency Economic Powers Act (“IEEPA”). The decision (involving two consolidated cases, V.O.S. Selections, Inc. et al. v. United States of America et al. and The State of Oregon et al. v. United States Department of Homeland Security et al.), is the first court decision on the Administration’s trade policy and the first…