On August 21, 2025, the European Union and United States unveiled their Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework”). The Framework follows, and provides further detail to, the July announcement that the European Union and United States had agreed on broad terms of a trade deal. The Framework outlines the key terms of the trade deal that will be negotiated between the parties, and is a first step in a process…
On September 10th, Baker McKenzie’s Global Trade Practice will host a webinar in which a panel of our trade and customs experts from around the world will share their insights on the global state of tariffs as well as how to manage customs requirements and mitigate risks across the supply chain, providing practical advice to help you navigate these complexities. Topics to be covered include: The webinar will take place at 10:00 EDT / 15:00 BST…
On August 19, the Department of Homeland Securityâs Office of Strategy, Policy, and Plans issued its annual update to its Uyghur Forced Labor Prevention Act Strategy (UFLPA Strategy). The update expands the list of high-priority enforcement sectors and adds 78 new entities to the Uyghur Forced Labor Prevention Act Entity List (UFLPA Entity List). The UFLPA Strategy was first issued in 2022 to support enforcement of the Uyghur Forced Labor Prevention Act (UFLPA), enacted in…
On August 15, the Department of Commerceâs Bureau of Industry and Security (BIS) issued a draft Federal Register notice adding hundreds of tariff subheadings to the list of steel and aluminum derivative products subject to Section 232 tariffs imposed in June. The newly announced duties apply to the steel and aluminum content of derivative products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. Eastern Time on August…
On August 6, President Donald Trump issued an Executive Order on âAddressing Threats to the United States by the Government of the Russian Federation,â imposing additional tariffs on Indian imports. Under these new tariffs imports of most Indian goods will be subject to an additional 25% duty, which will stack on top of the 25% duty on Indian imports taking effect on August 7, to result in a 50% effective duty. The Executive Order states…
On July 30 and 31, President Trump issued several significant trade measures. The new developments come just days, or in some cases, hours, before the August 1 deadline for the âLiberation Dayâ reciprocal tariffs to resume. New Reciprocal Tariffs Announced On July 31, President Trump issued an Executive Order entitled âFurther Modifying the Reciprocal Tariff Rates.â The Order sets new tariff rates for dozens of countries just hours before the âLiberation Dayâ reciprocal tariffs were…
On 27 July 2025, President Trump and European Commission President Ursula von der Leyen announced a new deal on tariffs and trade between the United States and the European Union. The agreement aims to stabilize EU – U.S. trade relations and prevent a broader tariff escalation. Early reporting on and statements about the new agreement indicates that a single tariff rate of 15% will apply to most imports into the United States as well as…
Following last weekâs announcement of a trade deal between Indonesia and the U.S., on July 22 the two countries released a joint statement on the framework for negotiating the anticipated agreement. The statement confirms that the agreement will build upon the existing U.S.-Indonesia Trade and Investment Framework Agreement of 1996 and discloses some details of the deal that were not included in the initial announcement. The joint statement indicates the trade agreement will be negotiated…
On July 22, US President Donald Trump announced via his social media account that the United States and the Philippines have concluded a trade agreement. According to the announcement, Filipino imports to the U.S. will be subject to a 19% duty. In return, the announcement states, “The Philippines is going [open market] with the United States, and [zero] Tariffs.” In a subsequent press conference, President Ferdinand âBongbongâ Marcos of the Philippines suggested that tariff-free market…
On July 22, President Trump announced that the U.S. had struck a trade agreement with Japan. The announcement calls for a 15% tariff on Japanese goods imported into the U.S. In return, Japan will âopen their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.â Under President Trumpâs reciprocal tariff package announced in April, Japanese goods would be subject to a 24% duty. The imposition of this tariff…