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…
We are delighted to invite you to an in-person Customs Day focusing on the latest customs and global trade developments. This half day event will be particularly relevant to customs and trade compliance professionals, as well as legal counsels who are keen on staying abreast of the dynamic changes in the field. We are privileged to have speakers from Baker McKenzie in Stockholm, along with esteemed colleagues from other Baker McKenzie offices around the world.…
The US Supreme Court granted certiorari in VOS Selections, Inc. v. Trump on September 9, agreeing to review a recent decision of the Court of Appeals for the Federal Circuit that held that the invocation of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on dozens of trading partners is illegal. For further information on what’s at stake in VOS Selections, see our earlier commentary here and here. The Court has also consolidated…
On 3 June 2025, Baker McKenzie kicked off its Annual Compliance Conference Webinar Series with a session focusing on the evolving customs and tariffs landscape under the new U.S. administration. The panel, chaired by Jenny Revis, featured our global experts who unpacked a number of recent sweeping changes, as well as strategic responses for businesses impacted by the ongoing shifts in global trade. The panel examined the current tariff landscape in the US, looking at…
The United Kingdom (UK) and the United States (US) have concluded a trade deal covering a range of products and promoting market access for goods. In response to the recent additional tariffs adopted by the US administration, both countries agreed to the following: Additionally, the UK-US trade deal includes: The US administration has also announced that this trade deal includes streamlined customs procedures for US exports, the creation of a secure supply chain for pharmaceutical…
On 2 April 2025, United States President Donald J. Trump has invoked his authority under the US International Emergency Economic Powers Act of 1977 (IEEPA) to impose the following tariffs on imports into the United States: Certain goods are not subject to the reciprocal tariffs (e.g., steel, aluminum and autos and auto parts subject to existing Section 232 tariffs [of the US Trade Expansion Act of 1962], copper, semiconductors, pharmaceuticals, lumber, certain energy and critical…