Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Retaliatory tariffs, slowdown in the transpacific, EU and reshaped supply chains, new carbon charge on ocean shipping, and how AI is revolutionizing supply chain management.

The US-China trade war continues to escalate, with the latest salvo from China coming Friday. In a statement, China retaliated against the reciprocal tariffs from the US by raising its levies on US goods to 125% from 84%, according to the Customs Tariff Commission of the State Council. This follows a busy week of tariff news published by the Trump administration who confirmed on Thursday that the US tariff rate on Chinese imports now effectively totals 145%. The news of the...

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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | US Modifies Reciprocal Tariff Rates

President Trump signed a new executive order, “Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment” (the Order) on April 9, marking yet another significant shift in U.S. trade policy. The Order, effective as of 12:01 a.m. EDT on April 10, 2025, amends Executive Order 14257 and the April 8 Executive Order, “Amendment to Reciprocal Tariffs and Updated Duties As Applied to Low-Value Imports from the People’s Republic of China” (the April 8 Order). The latest order intensifies tariff pressure on...

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Member News

Troutman Pepper Locke | New Executive Order Challenges State Climate Laws

Challenging a slew of state climate-related laws and programs, President Trump’s April 8, 2025 executive order (EO) set the stage for more legal fights between the federal government and states. In the new EO, “Protecting American Energy from State Overreach,” Trump took aim at state laws and programs that address greenhouse gas emissions (GHGs), climate change, environmental justice, and environmental, social, and governance (ESG). Some states have already indicated they will oppose the Trump administration’s efforts. The EO specifically calls...

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Member News

Barnes & Thornburg | OFAC Final Rule Extends Recordkeeping Requirements to 10 Years

U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published a new final rule to extend recordkeeping requirements to 10 years, effective March 21, 2025 On April 24, 2024, President Joe Biden signed into law the 21st Century Peace through Strength Act. Section 3111 of the Act extends the statute of limitations for civil and criminal violations of the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) from five years to 10 years....

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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Buyer Beware: Trying to Avoid or Reduce Tariffs

As the typical tariffs on many goods from China have soared to at least 45 percent, some suppliers in China are offering U.S. purchasers a way of avoiding or reducing the tariffs. However, U.S. importers should carefully scrutinize such offers. Attempting to lower or avoid tariffs without the proper analysis and exercise of reasonable care could lead to enforcement actions by U.S. Customs and Border Protection (CBP) and significant monetary penalties. The reported proposal: Some suppliers in China are suggesting to their U.S. customers that the supplier issue...

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Chapter News

European Commission | The EU Cybersecurity Act

The Cybersecurity Act strengthens the EU Agency for cybersecurity (ENISA) and establishes a cybersecurity certification framework for products and services. A new mandate for ENISA ENISA, the EU Agency for cybersecurity, is now stronger. The EU Cybersecurity Act grants a permanent mandate to the agency, and gives it more resources and new tasks. ENISA will have a key role in setting up and maintaining the European cybersecurity certification framework by preparing the technical ground for specific certification schemes. It will be in charge of informing the public on the...

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Member News

Troutman Pepper Locke | New Steel and Aluminum Tariffs in Effect

On February 10, President Trump issued Proclamations 10896, “Adjusting Imports of Steel Into the United States” and 10895 “Adjusting Imports of Aluminum Into the United States,” (together, Proclamations), reasserting U.S. national security concerns and implementing additional tariffs on steel, aluminum, and their derivative products under Section 232 of the Trade Expansion Act of 1962, building upon the original tariffs imposed pursuant to Proclamation 9704, “Adjusting Imports of Aluminum Into the United States” and Proclamation 9705 “Adjusting Imports of Steel Into the United States” in 2018. These...

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Member News

Vulcan View: The latest EU developments 7 April – 11 April

EU implements a 90-day pause on steel and aluminium retaliatory measures On 9 April, U.S. President Donald Trump called for a 90-day pause on his planned “reciprocal” tariffs. While tariffs on steel, aluminium, and automobiles remain in place, the EU will temporarily face only a 10% tariff. In response to President Trump, on 10 April, European Commission President von der Leyen announced a 90-day pause in the planned steel & aluminium retaliatory tariffs, – a measure approved by EU member States just the day before. This pause will...

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Member News

Offit Kurman | Why U.S. Residents Owning Foreign Homes Need a U.S. and a Foreign Will

By Diane K. Roskies In today’s highly mobile world, it is increasingly common for U.S. citizens and permanent residents to own homes abroad. These properties may have been acquired as vacation homes, inherited from parents who remained in their home countries or maintained as dual residences for work, particularly by executives of international corporations. Even after retirement, many individuals choose to retain their non-U.S. homes. In my practice, I have encountered all these scenarios involving U.S. persons who own second...

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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The Art of the Deferral: Navigating the Trade Truce

By Ian Hunter, Director, OCO Global "I never get too attached to one deal or one approach". Chapter 2 of the Art of the Deal, "Trump Cards: The Elements of the Deal”. In The Art of the Deal, President Trump underscores the significance of flexibility and the avoidance of excessive structure. Rigid agendas, he believes, can stifle innovation – particularly when market demands require an adaptable approach to capitalize on challenging opportunities. It’s a strategy that shaped his business empire, and now drives...

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