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Member News
Member News
04
Apr
President Trump slaps 20% tariffs on EU, sparking European backlash
On 2 April 2025, U.S. President Donald Trump announced the implementation of new 20% tariffs targeting imports from the European Union from 9 April – as well as higher reciprocal tariffs for other specific nations. Further tariff announcements targeting specific sectors, such as pharmaceuticals, are anticipated in the coming weeks and months.
President Trump justified these tariffs as necessary to address trade imbalances and to promote domestic manufacturing. He referred to this initiative as a “Declaration of Economic...
03
Apr
On April 2, 2025, invoking his authority under the International Emergency Economic Powers Act of 1977 (IEEPA), President Donald Trump announced reciprocal tariffs against all countries. Certain countries with which the United States has the largest trade deficits will be subject to higher, individualized reciprocal tariffs.
Prepared by Clinton Yu, Tayo Osuntogun, and Luis Arandia, Barnes & Thornburg’s International Trade Practice Group attorneys:
Below are the pertinent details from the Executive Order and White House Fact Sheet.
Effective April 5,...
02
Apr
By Joe Brusuelas, Chief Economist, RSM and Jason Alexander, Industrials Leader, RSM
Key takeaways
American firms are already preparing for higher tariffs on goods made in China.
One strategy is to pull forward purchases before any tariffs are imposed.
Firms also need to rethink their supply chains, and consider bringing them closer to home.
With higher tariffs likely under the incoming Trump administration, businesses are already making decisions in a way that will affect economic growth and reshape the global economy.
We are already...
02
Apr
Effective implementation of this advance for the circular economy now depends on national legislation by Member States
On 22 January 2025, Regulation (EU) 2025/40 on packaging and packaging waste was published, with the aim of promoting the circular economy and harmonising the regulatory framework.
In order to mitigate the high levels of packaging generated in the market in terms of volume and weight, enhance the rates of reuse and collection, and promote recycling, Regulation (EU) 2025/40 on packaging and packaging waste...
02
Apr
The European Investment Bank Group’s advisory services are helping projects get off the ground worldwide and have contributed to mobilising close to €200 billion of investment in 2024, according to the annual EIB Advisory Report released today. Advisory staff work with clients to prepare projects, support strategic planning and market development, and offer training to the public and private sectors.
In 2024, the demand for EIB Group advisory services continued to be especially high in Southern and Eastern Europe. Most advisory assignments...
31
Mar
U.S. M&A Newsletter
On March 21, 2025, the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule that eliminates the requirement for U.S. companies and U.S. persons to submit their beneficial ownership information reports (“BOIRs”) to FinCEN under the Corporate Transparency Act’s (“CTA”) implementing regulations. Under the interim final rule, the definition of a “reporting company” now exclusively means companies that were formed under the laws of a foreign country that have...
31
Mar
The U.S. Trade Representative (USTR) previously proposed hefty fees on Chinese-owned and Chinese-built vessels that enter U.S. ports, hoping to impact China’s dominance in global shipbuilding and logistics. Industry stakeholders are speaking out, including the National Retail Federation and major importers, strongly oppose the plan, warning of higher costs, supply chain disruptions, and port congestion. And if that isn’t bad enough, critics also warn that instead of boosting U.S. shipbuilding, it will simply shift cargo to Canadian ports. Some industry experts...
28
Mar
By Sabrina A. Bandali, Alison FitzGerald, George Reid, Jessica Horwitz, Andrei Mesesan and Quinn Scarlett, Bennett Jones LLP
This blog was published on March 5, 2025, and is accurate as of that date. The tariff landscape is evolving quickly. Please contact one of the authors or a member of the Bennett Jones International Trade and Investment group for the most up-to-date guidance on US tariffs and Canadian surtaxes.
On February 1, 2025, US President Donald Trump issued an Executive Order announcing a 25% tariff on...
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