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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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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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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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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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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Understanding the “Liberation Day” Tariffs

On April 2, 2025, President Trump signed a new Executive Order (the “Liberation Day EO”) implementing additional tariffs on almost all U.S. trading partners, invoking the International Emergency Economic Powers Act (IEEPA). Citing a lack of reciprocity in the U.S.’s bilateral trade relationships, disparate tariff rates and non-tariff barriers assessed by U.S. trading partners, and concerns over U.S. trading partners’ economic policies, the Liberation Day EO assesses an additional 10 percent baseline ad valorem duty on nearly all imports as of April 5,...

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Transatlantic Trade Monitor: Facts You Need Now | Understanding European VAT: A Guide for US Folks

By Simon Kelly, Global VAT Services, RSM US LLP For many Americans, the concept of Value-Added Tax (VAT) might seem unfamiliar or confusing. However, understanding European VAT is essential if you are a U.S. business owner looking to expand into Europe, a traveler planning a European adventure, or someone simply curious about global economics. In the United States, sales tax is the predominant form of consumption tax, applied at the point of sale and varying by state and locality. In contrast,...

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Laura Devine Immigration | US News Alert: Protecting Your Digital Privacy When Entering the US

Since the start of the second Trump administration, Customs and Border Protection (CBP)’s surveillance measures have increasingly extended to travellers’ electronic devices. The US government has the authority to search all electronic devices at the border, irrespective of your legal status in the country or whether they have any reason to suspect you have committed a crime. You can state that you do not consent to such a search, but this likely will not prevent CBP from taking and...

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EIB | Cities across Europe plan to bolster climate action and social infrastructure, EIB survey shows

Most EU cities plan more investments to fight global warming and expand public housing, schools and hospitals, new EIB survey shows. Of EU municipalities surveyed, 56% to spend more on cutting greenhouse gas emissions and 53% to boost budgets for social infrastructure over next three years. Cities across Europe increasingly want to tap new sources of financing for development on top of traditional national and EU grants. Most cities in Europe plan to spend more on fighting climate change...

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Transatlantic Trade Monitor: Facts You Need Now | Truth or Dare – Trump Tariffs – Truth v. Fake News

By Frank Desiderio, Partner, and Arthur Bodek, Partner, Grunfeld Desiderio Lebowitz Silverman & Klestadt Even before all of the craziness that was kicked off on “Liberation Day”, GDLSK partners Frank Desiderio and Arthur Bodek were invited to give a presentation entitled “Truth or Dare – Trump Tariffs – Truth v. Fake News” to the Quebec General Delegation in New York on March 11, 2025.  We addressed the then current state of affairs as it related to: Brief History of Trade War Tariffs Review...

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