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South Korea and United States Announce Formalized Trade Deal

By and 3 Mins Read

On November 13, 2025, the United States and South Korea issued a joint factsheet announcing the formalization of a series of trade-related negotiations. The announcement builds upon prior arrangements and reflects ongoing negotiations between the two countries’ leaders, including recent meetings and state visits. The announcement confirms the trade deal announced in July 2025, which set a 15% tariff rate for most South Korean imports, and also represents a comprehensive approach to the critical economic…

EU, US: EU – US Trade Deal Announced – 15 % Tariff Duties on Most EU-Originating Goods, Zero-for-Zero Tariffs and Huge Investments into the U.S. Economy

By , , , and 3 Mins Read

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…

US, Indonesia: Joint Statement Offers Further Glimpse of US-Indonesia Trade Deal

By and 4 Mins Read

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…

US, Philippines: US–Philippines Trade Agreement Announced

By , and 2 Mins Read

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…

US, Indonesia: New US-Indonesia Trade Agreement Will Bring 19% Tariff on Indonesian Imports

By , and 3 Mins Read

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…

US: US Takes Steps to Implement UK Trade Deal

By , , , and 3 Mins Read

In a move that could significantly reshape transatlantic commerce, President Donald Trump signed Executive Order 14309 on June 16, 2025, enacting key provisions of the UK-US Economic Prosperity Deal. This agreement, unveiled at the G7 summit in Canada, aims to ease trade tensions and foster deeper economic cooperation between the United Kingdom and the United States. The order was published that same day in the Federal Register and its provisions went into effect on June…

Court of International Trade Rules IEEPA Tariffs Must Be Rescinded Within Ten Days

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In a landmark decision, the United States Court of International Trade (“CIT”) has ruled against the President’s imposition of tariffs under the International Emergency Economic Powers Act (“IEEPA”). The decision (involving two consolidated cases, V.O.S. Selections, Inc. et al. v. United States of America et al. and The State of Oregon et al. v. United States Department of Homeland Security et al.), is the first court decision on the Administration’s trade policy and the first…

Trump Announces Reciprocal Tariff Plan 

By , and 1 Min Read

President Trump issued a memorandum directing the US Trade Representative (“USTR”) and Secretary of Commerce to investigate alleged harm from non-reciprocal trade measures by trade partners and to issue recommendations based on their investigation.  The memorandum argues that a range of tariff and non-tariff measures maintained by various countries have contributed to unfair and unbalanced trade and harmed the United States.  Non-tariff measures specifically identified in the memorandum as being unfair and harmful to the United States include: The memorandum directs…

Regional Comprehensive Economic Partnership signed simultaneously in 15 nations

By 1 Min Read

On November 15, 2020, the Regional Comprehensive Economic Partnership (RCEP) was signed by China and 14 other nations — the 10 countries of the Association of Southeast Asian Nations (Brunei*, Cambodia, Indonesia, Laos, Malaysia*, Myanmar, Philippines, Singapore*, Thailand and Vietnam*) plus Australia*, China, Japan*, New Zealand* and South Korea. Many of the products for which tariffs are eliminated are already duty-free. [Countries with an * are also signatories to the CPTPP] RCEP was originally proposed…