Trade & TTIP Related

Member News, News, Trade & TTIP Related

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...

Read more

Member News, News, Trade & TTIP Related

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)...

Read more

Chapter News, News, Trade & TTIP Related

IMF |Trade Cooperation in an Age of Geopolitics

Geopolitical rivalry does not end the need for trade cooperation, but the multilateral system must adapt. For decades, the global economy rested on the premise that international trade was beneficial despite geopolitical differences. The rules of the multilateral trading system, established with the General Agreement on Tariffs and Trade (GATT) in 1947 and embedded in the World Trade Organization (WTO) in 1995, were crafted for a world where governments rarely used trade to achieve geopolitical goals. That world is now...

Read more

Chapter News, News, Trade & TTIP Related

The White House | Fact Sheet: President Donald J. Trump Updates Tariffs on Steel, Aluminum, and Copper Imports

BOLSTERING DOMESTIC MANUFACTURING OF STRATEGIC METALS: Today, President Donald J. Trump signed a Proclamation adjusting certain metals tariffs to more effectively address national security threats, spur investment in American agriculture, housing, and manufacturing, and facilitate U.S. production of related products.   The Proclamation adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as certain other equipment, from 25% to 15%. The Proclamation also expands the existing category of industrial equipment subject to a 15% tariff to include mobile...

Read more

Member News, News, Trade & TTIP Related

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...

Read more

Member News, News, Trade & TTIP Related

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...

Read more

Chapter News, News, Trade & TTIP Related

European Parliament | Trade Committee Approves Deal on EU-US Trade Agreement

On Tuesday, the International Trade Committee gave its green light to two pieces of legislation implementing EU tariff commitments under the August 2025 EU-US Joint Statement. MEPs on the International Trade Committee (INTA) approved the provisional agreement, reached on 2 May 2026 with the EU Council, implementing EU tariff commitments under the August 2025 EU-US Joint Statement. The two legislative acts were adopted by 31 votes in favour, 6 against, and with 3 abstentions (adjustment of customs duties and opening of tariff...

Read more

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...

Read more

Member News, News, Trade & TTIP Related

CLA | The Business Impact of Trump’s Tariffs: What to Know Now

Key insights President Donald Trump's tariffs have reshaped U.S. trade policy and international trade dynamics, with significant impact on global supply chains. The Supreme Court now ruled that tariffs imposed under emergency powers are unconstitutional without congressional authorization – and a subsequent court order has set a process in motion for importers to pursue refunds on qualifying entities. Learn about the potential wide-ranging economic impact on key industries and how it could affect your business and operations. This is...

Read more

Chapter News, News, Trade & TTIP Related

IMF | Rethinking Free Trade

US policymakers are rebalancing economic efficiency with national security amid rising geopolitical risk.  When it comes to international trade, countries have always weighed economic efficiency against national security. After World War II, they pursued free international trade through low tariffs in the belief that it was both economically efficient and politically stabilizing. World trade tripled as a share of GDP between 1950 and its peak in 2008, with about half of this trade in intermediate goods, reflecting the importance of cross-border production relationships. Although...

Read more