Tariffs & Trade

Cargo shipping containers through calm ocean capacity of maritime logistics to move goods worldwide commercial airplane modern global commerce transport before reaching their final destination.

On October 26, 2025, President Trump announced trade deals with Cambodia and Malaysia. Under both deals, the US will maintain a 19% ad valorem rate on goods originating from Cambodia and Malaysia. However, certain products originating from Cambodia and Malaysia will be exempt from the 19% ad valorem rate as provided for in Schedule 2 to the Cambodia agreement and Schedule 2 to the Malaysia agreement.

U.S. Launches Section 301 Investigation into China’s Phase One Trade Agreement Compliance

On October 24, 2025, U.S. Trade Representative Jamieson Greer announced the launch of a Section 301 investigation into China’s implementation of its commitments under the phase one trade agreement, which was singed on January 15, 2020, in response to the U.S. imposing up to 25% in Section 301 duties.

Oil drilling derricks at desert oilfield. The change in oil prices caused by the war. Oil prices are rising.

On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the immediate imposition of full blocking sanctions pursuant to Executive Order (“E.O.”) 14024 against Russian oil companies PJSC Lukoil Oil Company (“Lukoil”) and PJSC Rosneft Oil Company (“Rosneft”), along with over two dozen of their subsidiaries, for operating…

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USTR Imposes 100% Tariffs on Ship-to-Shore Cranes Under Section 301

Effective November 9, 2025, the United States will impose additional duties of 100% on certain ship-to-shore (“STS”) cranes and certain cargo handling equipment from China under Section 301 of the Trade Act of 1974. These tariffs follow the Office of the U.S. Trade Representative (“USTR”)’s original proposal in April 2025.

On October 8, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) published a final rule adding 29 total entries to the Entity List, including 26 entities and three addresses. The entities and addresses are located in China (19 entries), Turkey (9 entries), and the United Arab Emirates (“UAE”) (1 entry) and…

The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) released an interim final rule that automatically applies Entity List and Military End User (“MEU”) List restrictions to any entity that is 50% or more owned by one or more listed entities, MEUs, or other sanctioned parties. This IFR will be known as the…

President Trump has issued a proclamation under Section 232 of the Trade Expansion Act of 1962 (“Section 232”) that sets October 14, 2025 as the effective date for Section 232 tariffs on softwood timber and lumber, upholstered wooden furniture, kitchen cabinets and vanities.  

Imports of softwood timber and lumber will face a 10% ad…

On September 25, 2025, the U.S. Court of Appeals for the Federal Circuit (“CAFC”) issued its decision upholding tariffs imposed during President Trump’s first administration pursuant to Section 301 on goods imported from China. Specifically, the CAFC held that Section 301 Lists 3 and 4A tariffs were appropriate and a valid use of the government’s…