On May 11, 2025, the U.S. announced that it had reached an agreement with China to mutually reduce tariffs against each country for 90 days. The reduced rates, discussed below, will take effect for goods entered on or after May 14, 2025. The reduced rates will not be retroactive and will only apply to entries effective May 14, 2025, and forward.
On May 8, 2025, the United States and the United Kingdom announced a new “trade agreement”. The Fact Sheet issued by the White House, can be found here. The Office of the United States Trade Representative has released the Agreements in Principle, which indicate that the terms of trade agreement are still a
The European Union (EU) has proposed additional retaliatory tariffs on €100 billion of imports from the United States, if negotiations are unsuccessful. The list includes aircraft, vehicles, agricultural products, medical devices, chemicals, plastics, and many other products. The list also includes bourbon and spirits, which were not included in the EU’s initial retaliation. The EU
The Commerce Department’s Bureau of Industry and Security (“BIS”) published an interim final rule effective April 30, 2025 establishing the process for additional products to be added to the list of steel and aluminum derivatives subject to tariffs under Section 232 of the Trade Expansion Act (“Section 232”).
BIS stated it will accept inclusion requests
On April 29, 2025, President Trump issued a Proclamation (the “Proclamation”) amending the tariffs applicable to imports of automobiles and automobile parts. For a complete discussion on the tariffs imposed on automobiles and automobile parts, see our separate blog posts here and here.
The Proclamation issued on April 29th, amends Proclamation 10908 which first
On April 29, 2025, President Trump issued an Executive Order clarifying the calculation methods that should be used for certain imports subject to the various tariffs implemented since February 2025. The EO sets out a procedure for determining which of the multiple tariffs should apply to an article and when multiple tariffs currently apply. Importantly
On April 12, 2025, President Trump issued an Executive Order (“EO”) Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended, which expanded the list of Harmonized Tariff Schedule of the United States (“HTSUS”) codes exempted from the reciprocal tariffs that were announced on April 2, 2025. The exemptions apply retroactively to goods
On April 2, 2025 we reported that imports from China valued at $800 or less would no longer qualify for de minimis treatment starting May 2, 2025. On April 9, 2025 we reported the increase in tariffs and fees for imports of small value packages from China following issuance of Executive Order Amendment to Reciprocal