The US Supreme Court granted certiorari in VOS Selections, Inc. v. Trump on September 9, agreeing to review a recent decision of the Court of Appeals for the Federal Circuit that held that the invocation of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on dozens of trading partners is illegal. For further information on whatâs at stake in VOS Selections, see our earlier commentary here and here. The Court has also consolidated…
On August 29, the US Court of Appeals for the Federal Circuit (CAFC) issued a 7-4 en banc opinion in VOS Selections, Inc v. Trump, holding that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose broad, indefinite tariffs. The case was initially brought in the Court of International Trade (CIT) by private businesses and US state attorneys general. The President invoked IEEPA on various grounds, including concerns about drug…
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 August 11, 2025, in a continued effort to recalibrate trade relations with China, President Trump issued a new executive order extending the suspension of certain tariffs on Chinese goods for importation into the United States. China subsequently confirmed in a joint statement that it too would delay new tariff measures against US goods for now. These moves reflect ongoing discussions between the two countries. Earlier this year, the US administration declared a national emergency…
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…