On 3 June 2025, Baker McKenzie kicked off its Annual Compliance Conference Webinar Series with a session focusing on the evolving customs and tariffs landscape under the new U.S. administration. The panel, chaired by Jenny Revis, featured our global experts who unpacked a number of recent sweeping changes, as well as strategic responses for businesses impacted by the ongoing shifts in global trade. The panel examined the current tariff landscape in the US, looking at…
On 15 May 2025, the Court of Justice of the European Union (“CJEU”) has delivered a judgment in the ‘Tauritus’ case, offering crucial guidance on how to determine the customs value of imported products when their final price is not fixed at the time of importation but is subject to a provisional pricing arrangement. The ruling provides important considerations and clarification for businesses engaged in transactions with such pricing mechanisms. The judgement can be found via…
On 24 April 2025, HM Revenue & Customs (HMRC) and HM Treasury published draft primary legislation and an associated technical consultation on the introduction of a UK carbon border adjustment mechanism (CBAM). The draft CBAM legislation follows a prior public consultation on the UK Governmentâs initial proposals for a CBAM which concluded in June 2024. CBAM forms part of the UK governmentâs wider strategy to tackle carbon leakage. To achieve this it will impose a carbon price…
On 7 May 2025, the EU and Singapore took a step forward by signing a landmark Digital Trade Agreement (âDTAâ). The DTA is a self-standing agreement â meaning it is separate to the EU-Singapore Free Trade Agreement and the EU-Singapore Investment Protection Agreement. This comprehensive agreement goes beyond traditional trade deals, focusing specifically on facilitating digital trade and addressing emerging challenges in the digital economy. Upon implementation, the DTA should bolster consumer confidence, guarantee reliable data…
On 30 April 2025, the European Court of Justice (âCJEUâ) issued a judgment on the concept of repayment granted âin errorâ as laid down in Article 116(7) of the Union Customs Code (âUCCâ). This article (116 (7) of the UCC) provides that if customs authorities have granted repayment or remission in error, the original customs debt shall be re-instated (insofar not time-barred). The CJEU ruled that the concept of repayment granted in âerrorâ should be…
The United Kingdom (UK) and the United States (US) have concluded a trade deal covering a range of products and promoting market access for goods. In response to the recent additional tariffs adopted by the US administration, both countries agreed to the following: Additionally, the UK-US trade deal includes: The US administration has also announced that this trade deal includes streamlined customs procedures for US exports, the creation of a secure supply chain for pharmaceutical…
The European Commission has unveiled a proposed response to the US tariffs on cars and automotive parts, as well as the so-called reciprocal tariffs. These countermeasures from the European Union (EU) will be adopted if the ongoing negotiations with the US administration fail. As mentioned in our last blog, the EU decided to pause for 90 days, until 14 July, the implementation of EU countermeasures on a list of US-origin products that could potentially be…
Following our previous post here, we provide an update on the current developments in this area. On April 2, 2025, the US administration announced reciprocal tariffs on all imports into the United States (see here). As it has been widely reported, pharmaceutical products were exempted from these tariffs whereas medical devices were not. Subsequently, on April 9, 2025, the administration announced a 90-day postponement of the reciprocal tariffs for most countries except for China. For…
On 14 April 2025, the European Commission accepted Implementing Regulation (EU) 2025/778 (link), which lays down (additional) retaliatory measures to counter balance those imposed by the US on EU steel and aluminum: At the same time, the European Commission adopted Implementing Regulation (EU) 2025/786 (link), formalizing the 90-day suspension of retaliatory tariffs on imports of US-originating products listed in Annex I, II and III of Implementing Regulation (EU) 2025/778 (link) until 14 July 2025 (see…
Following the 90-day pause by President Trump on the individualized reciprocal tariffs (see our blog post here), the European Union (EU) followed suit and introduced a 90-day postponement of its retaliatory tariffs aimed at the US. This decision was made to allow both parties to engage in further negotiations and potentially reach a more amicable trade agreement. European Commission President Ursula von der Leyen welcomed President Trump’s decision, stating that the pause would help stabilize…