On 5 August 2025, the European Commission adopted Implementing Regulation (EU) 2025/1727, suspending the commercial rebalancing measures imposed under Implementing Regulation (EU) 2025/1564. The suspension follows the political agreement reached between the EU and the US on 27 July 2025 (see our prior blog post on the EU – US Trade Deal here) and signals the EU’s intent to continue the negotiations constructively. On 24 July 2025, the EU published Implementing Regulation (EU) No. 2025/1564…
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 “Liberation Day” reciprocal tariffs to resume. New Reciprocal Tariffs Announced On July 31, President Trump issued an Executive Order entitled “Further Modifying the Reciprocal Tariff Rates.” The Order sets new tariff rates for dozens of countries just hours before the “Liberation Day” reciprocal tariffs were…
Following last week’s 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 “Bongbong” 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 “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.” Under President Trump’s reciprocal tariff package announced in April, Japanese goods would be subject to a 24% duty. The imposition of this tariff…
Canada announced further protections for its domestic steel industry, expanding the application of a 50% surtax on certain steel goods initially implemented on June 27, 2025 (Steel Surtax) and introducing a 25% surtax on all imported steel products (with the exception of the US) that contain steel melted and poured in China. The Steel Surtax was introduced following a public consultation to address the risk of steel trade diversion from third countries to the Canadian…
The U.S. Department of Justice recently announced the formation of the Market, Government, and Consumer Fraud Unit (MGCF Unit). The MGCF will reportedly sit within the DOJ’s Fraud Section. Although the details of the MGCF Unit’s precise remit are still forthcoming, we expect the MGCF Unit will be empowered to pursue criminal investigations and prosecutions of tariff evasion techniques such as misclassifying or undervaluing goods, as well as transshipping goods to a different country and…
As mentioned in our US customs team’s blog post, on July 10, US President Trump announced 35% tariffs on imports from Canada. The new tariffs are scheduled to commence on August 1. Current US tariffs on Canada include 25% tariffs on Canadian origin goods excluding US-Mexico-Canada Agreement (USMCA) qualifying goods, 10% tariffs on energy products and potash, 50% tariffs on steel and aluminum goods and derivative products, and 25% tariffs on automobiles and parts. The…
On July 15, President Trump turned to social media to announce a new trade agreement between the United States and Indonesia. The agreement, the third trade deal the U.S. administration has announced since the announcement of the “Liberation Day” tariffs, establishes a 19% duty on Indonesian imports to the United States, while U.S. goods will enjoy duty-free access to Indonesian markets including a potential non-tariff barrier elimination. The announcement also discloses that Indonesia has committed…
As mentioned in our US customs team’s blog post, on July 12, US President Trump announced 30% tariffs on the E.U. and Mexico, now due to come into effect on August 1. This post focuses on the EU’s response. On 15 April 2025, the European Commission formalized a 90-day suspension of additional tariffs on certain U.S.-originating products. These measures were part of the EU’s broader rebalancing strategy in response to the United States’ Section 232 tariffs…