It was an eventful weekend for trade news. The White House announced new reciprocal trade agreements with Malaysia, Vietnam, Cambodia, and a framework for Thailand, under which these nations will eliminate import tariffs on U.S. goods. Malaysia: President Trump and Prime Minister Anwar Ibrahim finalized a reciprocal trade deal during Trump’s visit to Kuala Lumpur. The existing 19% IEEPA reciprocal tariff on Malaysian goods remains unchanged. Vietnam: The U.S. reached an agreement with Vietnam maintaining the 20% reciprocal tariffs on Vietnamese...

EU mulls new rules on technology transfer targeting foreign companies The European Commission is considering a new policy that could require non-EU companies, particularly those from China, to share their technology and manufacturing expertise with European partners. This move, part of a broader strategy to boost Europe’s industrial competitiveness, has gained traction following the Dutch government’s recent intervention in Nexperia, a Chinese-owned tech firm. The proposed framework, which could be unveiled on 25 November as part of the European Commission’s Industrial Accelerator...

The Department of Commerce has received 95 requests to include additional products on the list of steel and aluminum derivatives subject to the assessment of 50% ad valorem tariffs under Section 232.  A list of the inclusion requests and covered products have been posted to the regulations.gov portal, and can be accessed here.  Comments supporting or opposing the inclusion requests must be submitted through regulations.gov no later than October 21. Pursuant to regulations, Commerce is to post a decision to approve or deny...

By: Ian Hunter, Director, OCO Global 2025 has been a big year for M&A.  In a year when cranes aren’t the only measure of progress, much of the action has been happening on cap tables as well as construction sites. But the cranes will come later. As with many of these deals, the key words following an acquisition is 'growth'.  In short, European investors are buying in, and scaling up. In December 2024, Novo Holdings completed its $16.5 billion acquisition of Catalent, the U.S. contract manufacturer whose sterile fill-finish lines...

By Luis F. Arandia Jr., Adetayo Osuntogun, and Michelle Rosario, Barnes & Thornburg LLP On Sept. 29, 2025, the White House issued a presidential proclamation imposing tariffs of 10 to 50 percent ad valorem on timber, lumber, and derivative wood products imported into the United States. These tariffs were imposed under Section 232. Citing national security concerns, the proclamation follows a U.S. Department of Commerce investigation which concluded that rising imports threaten the U.S. wood industry’s ability to support critical infrastructure and...

Is China slapping back? The country has amended its maritime regulations, potentially imposing countermeasures such as higher port charges or even barring U.S.-service vessels from Chinese ports. The rules, aimed at countries imposing discriminatory restrictions on Chinese shipping, just raised the stakes in the trans-Pacific trade dispute. In response, some carriers are already shifting vessel deployment. Be prepared for the changes to impact costs, routing, and supply chain resilience for shippers on both sides. A 25% truck tariff aims to shield U.S. truck...

Highlights • We expect global growth to slow below 2% in the second half of 2025 before rebounding to 2.5% in 2026. • We anticipate that tariffs will increasingly bite, driving prices higher, reducing real incomes and causing real spending to decline. • Despite that, we see the tariff-related divot in global economic activity as smaller and more short-lived than feared as 2025 began. In a new report from Citi Research, Chief Economist Nathan Sheets and a team of analysts and economists outline...

Global Ports The Headlines: U.S. trade policy is having a notable impact on global trade, despite months of delays and uncertainty. Data shows that in August, China began shipping more to ASEAN countries and less to the U.S., while also bringing attention to the issue of illegal transshipment. The upcoming U.S. port fees are also reshaping trade lanes, with many Chinese-built ships being rerouted to non-U.S. trades. The dynamics of the global supply chain trade (and the ports it relies...