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Trepp | Industrial Sector Sees Record Leasing Activity in Q1

The national industrial sector recorded 249.8 million square feet of leasing activity in the first quarter, up 14% from a year ago, putting the sector on track for a record year of leasing, according to CBRE. But absorption, or the leasing of previously vacant space, totaled just 43.2 million sf in the first quarter, well below total leasing volume, suggesting that much of the leasing activity came from tenants renewing leases or moving between buildings rather than expanding their footprints. At...
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Troutman Pepper Locke | New Sheriff at the Port: President Trump’s Executive Order Rewrites the Rules on Customs Enforcement

Key Points President Donald Trump’s “Strengthening Customs Enforcement” executive order directs CBP to overhaul customs enforcement, raising IOR eligibility thresholds and bond requirements for all entries. The executive order draws a bright line between “U.S. IORs” and “foreign IORs,” imposing stricter eligibility, bonding, and informal entry restrictions on foreign IORs and tying benefits to CTPAT validation. CBP must implement a “good standing” regime and overhaul the IOR registry within 180 days, using compliance history and customs liability payment records...
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Greenberg Traurig | US Trade Update: IEEPA Refund Litigation; Section 232 Modifications; New Section 301 Actions on Forced Labor, Vietnam, and Brazil; Customs Enforcement

The Trump administration has recently made several trade policy and tariff litigation announcements affecting companies importing goods into the United States and downstream buyers: (1) the Department of Justice appealed the Court of International Trade (CIT)’s “universal” IEEPA refund order and submitted a filing to the CIT announcing that only unliquidated entries and entries within 90 days post-liquidation would be processed for refunds through the Consolidated Administration and Processing of Entries (CAPE) system; (2) the U.S. Trade Representative (USTR)...
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McCann Fitzgerald | EU Inc. – A Game‑Changer for European Founders?

“EU Inc. by its very name speaks the language of investors…” (EU Commissioner Michael McGrath, 18 March 2026). The European Commission announced its welcome proposal for EU Inc, the centrepiece of its wider plans for a ‘28th regime’, which looks to be a game-changer for European founders, entrepreneurs and investors.  The proposal envisages a new (optional) type of corporate vehicle which would benefit from a swift incorporation process, streamlined administration and a ‘digital by default’ set of rules. At a glance: Key benefits Underpinned by key principles such as ‘once...
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Fox Rothschild | US Trade Representative Proposes Tariffs on All 60 Economies in Forced Labor Import Ban Investigations

Key Points USTR has proposed additional Section 301 tariffs of 10 – 12.5% on imports from all 60 economies under investigation for failing to impose and/or enforce forced labor import bans, affecting nearly all U.S. import trade by value. Companies with global supply chains should immediately model the cost impact of these proposed tariffs across their sourcing footprint and evaluate whether their products may qualify for limited exemptions, including those for Section 232 goods, certain raw materials, and products posing economy-wide...
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PwC | Trump Administration Further Adjusts Section 232 Tariffs on Aluminum, Steel, and Copper Imports

What happened?  President Trump issued a Proclamation on June 1 further modifying the Section 232 tariff regimes applicable to imports of aluminum, steel, copper, and certain derivative products. The Proclamation establishes a temporary tariff framework, effective June 8, 2026 through December 31, 2027, for certain products identified in Annex I-C, including a generally applicable 25% duty rate, alternative tariff treatment for products from specified trading partners, and special rules for qualifying United States–Mexico-Canada Agreement (USMCA) products. This Proclamation also lowers the threshold for...
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RSM | RSM Marks 100 Years of Serving in the Middle Market

June 2, 2026 – RSM US LLP (“RSM”) - the leading provider of consulting, tax and assurance services for the middle market - is celebrating its 100th anniversary, marking a century of advising middle market businesses through periods of economic, operational and technological change. In New York and across the region, RSM serves companies that are helping shape the economy and drive growth across industries, reflecting the broader impact of the middle market nationwide. "A hundred years doesn't happen without extraordinary...
Member News, News, Trade & TTIP Related

Troutman Pepper Locke | Government Plans to Appeal Universal IEEPA Tariff Refund Order

Key Points The DOJ has appealed Judge Richard K. Eaton’s universal refund order requiring CBP to return about $166 billion in IEEPA duties. The government’s three-category framework for IEEPA refunds distinguishes unliquidated entries, finally liquidated entries with CIT suits, and finally liquidated entries without suits, with the last category driving the appeal. Judge Eaton denied the government’s attempt to substitute lower-ranking officials for CBP Commissioner Rodney S. Scott, ordering Scott to testify despite the government’s “apex doctrine” arguments. The...

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