By Matthew Bock, Managing Partner, BOCK TRADE LAW On April 2, 2025, the U.S. implemented a sweeping tariff regime via an executive order, introducing a baseline 10% tariff on goods from all countries, effective April 5, 2025, and higher reciprocal tariffs on specific trading partners, including the European Union (EU), effective April 9, 2025.  For the EU, the reciprocal tariff rate was set at 20%, reflecting the U.S. administration’s intent to address perceived trade asymmetries and a significant goods trade...

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,...

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...

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...

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...

By Susan Kohn Ross, Partner, MITCHELL SILBERBERG & KNUPP LLP Uncertainty and Impact on Compliance Keeping up with the ongoing changes and impact from tariffs continues to be wrought with challenge.  The latest pronouncements on steel and aluminum have not offered improved clarity, only additional questions. Working closely with your trade team is as critical as ever to get assistance in interpreting executive orders and guidance updates by President Trump and Customs and Border Protection. Recap of Steel and Aluminum Tariffs Canada Mexico China/Hong Kong As of...