On January 29, 2026, President Trump signed Executive Order 14380, “Addressing Threats To the United States by the Government of Cuba” (the “Executive Order”), in which he declared a national emergency with respect to Cuba and authorized the United States to impose new tariffs on imports from countries that directly or indirectly supply oil to the Government of Cuba. The Executive Order is accompanied by a White House Fact Sheet outlining the administration’s national security…
This blog series provides Baker McKenzie’s insights and strategic advice on the 2026 USMCA review, including how businesses should prepare for changes to this trilateral agreement. Baker McKenzie’s North American customs team includes trade professionals, attorneys and economists in Canada, the US and Mexico. We have a reputation for delivering strategic and practical advice to optimize supply chains under the USMCA, foster compliance, and address commercial concerns arising from Chapter 31 disputes. President Trump…
This blog series provides Baker McKenzie’s insights and strategic advice on the 2026 USMCA review, including how businesses should prepare for changes to this trilateral agreement. Baker McKenzie’s North American customs team includes trade professionals, attorneys and economists in Canada, the US and Mexico. We have a reputation for delivering strategic and practical advice to optimize supply chains under the USMCA, foster compliance, and address commercial concerns arising from Chapter 31 disputes. A trilateral…
On January 15, 2026, the United States and Taiwan concluded a trade and investment deal establishing a strategic economic partnership focused on semiconductor manufacturing, tariff reform, and reciprocal market access. According to the US Department of Commerce fact sheet, the deal seeks to “drive a massive reshoring of America’s semiconductor sector” while providing Taiwan with tariff stability and investment assurances. Overview Tariff Relief: The deal introduces a predictable tariff framework. US duties on Taiwanese goods…
On November 13, 2025, the Trump Administration announced four frameworks for bilateral trade agreements designed to strengthen economic ties between the United States and Argentina, Guatemala, Ecuador, and El Salvador. These frameworks represent a step in advancing the administration’s trade agenda, which aims to rebalance US trade relationships and reinforce economic security across the Western Hemisphere. The United States–Argentina framework aims to reaffirm the strategic partnership between the two nations. Under the proposed framework for…
On 14 November 2025, Switzerland, Liechtenstein, and the United States announced a framework to negotiate an Agreement on Fair, Balanced, and Reciprocal Trade (see joint statement here and press release of Swiss government here, see fact sheet here). This development brings long-awaited relief to Swiss market participants after the steep 39% tariffs introduced on 1 August 2025 (Swiss national day) sent shock waves through the Swiss economy. Under the framework, the United States will reduce…
On November 14, 2025, President Donald J. Trump issued an Executive Order modifying the scope of reciprocal tariffs to exempt certain agricultural products. The tariffs were originally imposed in April to address persistent U.S. goods trade deficits, which were deemed a national emergency under the International Emergency Economic Powers Act (IEEPA), the National Emergencies Act, and the Trade Act of 1974. The action follows an earlier order issued in September that had modified the goods…
Following months of negotiations and feints, on November 1, 2025, the United States and China reached a trade and economic agreement during bilateral discussions held in the Republic of Korea. The agreement outlines a series of reciprocal measures intended to address trade flows and market access between the two countries. The negotiations had already yielded significant rapprochement between the two countries, including the one-year suspension, as of November 10, 2025, of the “Affiliates Rule,” which…
On October 26, 2025, the Trump Administration announced a series of trade agreements with Malaysia and Cambodia, as well as framework agreements with Thailand and Vietnam, marking expanded US economic engagement across Southeast Asia. Vietnam: According to a joint statement, Vietnam will open its market to most US exports on a duty-free basis, while the United States maintains a 20% tariff on Vietnamese goods, with some exceptions, to be listed in Annex III to Executive…
Following an investigation initiated in December 2024, the Office of the United States Trade Representative (USTR) issued a formal determination under Section 301 of the Trade Act of 1974. A report published by USTR pursuant to the investigation found that the Nicaraguan government’s systematic repression of dissent, misuse of laws to target civil society, and broader violations of labor and human rights burden US commerce. The determination recommends several measures in response to the findings,…