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...

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...

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...

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...

The EU’s new agreements with Mercosur and Mexico open major opportunities for European investors. For foreign investment protection, investors, however, still have to rely on older international investment agreements and contract-based protection. Investors should be aware of investment risks and proactively protect their investments - through treaty planning, careful structuring and robust contracts. Mercosur and Mexico: Two Key Markets for European Investors Mercosur and Mexico are major markets for European investors that appear to be particularly interesting in times of global...