On November 13, 2025, the United States and the Argentine Republic entered a framework for an Agreement on Reciprocal Trade. The Agreement seeks “to drive long-term growth, expand opportunity, and create a transparent and rules-based environment for commerce and innovation.” While representatives from both countries continue to negotiate and finalize the formal agreement, it will
United States and Guatemala Reach Framework Agreement on Reciprocal Trade
On November 13, 2025, the United States and the Republic of Guatemala entered a framework for an Agreement on Reciprocal Trade. The Agreement aims to strengthen the countries’ economic partnership established in 2006 under the Dominican Republic–Central America–United States Free Trade Agreement (“CAFTA-DR”). While representatives from both countries continue to negotiate and finalize the formal
United States and El Salvador Reach Framework Agreement on Reciprocal Trade
On November 13, 2025, the United States and the Republic of El Salvador entered a framework for an Agreement on Reciprocal Trade. The Agreement aims to strengthen the countries’ economic partnership established in 2006 under the Dominican Republic–Central America–United States Free Trade Agreement (“CAFTA-DR”). The framework agreement is one of several reached by the
United States, Switzerland and Liechtenstein Agree to Framework Agreement on Reciprocal Trade
On November 14, 2025, the United States, the Swiss Confederation (Switzerland), and the Principality of Liechtenstein (Liechtenstein) agreed to a framework for negotiations on an Agreement on Reciprocal Trade. While representatives from the three countries continue to negotiate the formal agreement and hope to conclude any agreement during the first quarter of 2026, the key
White House Announces Details on U.S.-South Korea Trade Deal
- Rebuilding and Expanding Critical Industries – South Korea will make investments into various sectors of the U.S. economy, including,
Trump’s Emergency Tariffs Face Scrutiny—and Skepticism—at the Supreme Court
On November 5, 2025, the U.S. Supreme Court heard oral arguments in a high-profile consolidated appeal challenging whether President Donald Trump lawfully invoked the International Emergency Economic Powers Act (“IEEPA”) to impose tariffs. The cases challenge two sets of tariffs Trump implemented earlier this year: (1) tariffs against Canada, China, and Mexico in response to
DDTC Amends ITAR to Remove Arms Embargo on Cambodia
On November 7, 2025, the State Department’s Directorate of Defense Trade Controls (DDTC) issued a Final Rule amending 22 C.F.R. § 126.1 to remove the Kingdom of Cambodia as a proscribed country under the International Traffic in Arms Regulations (ITAR). Effective immediately, requests for the export of defense articles and services to Cambodia will now
President Trump Issues Executive Orders Addressing China Tariff Rates
Following the October 31, 2025 meeting between President Donald Trump and Chinese President Xi Jinping, President Trump on November 4, 2025, issued two Executive Orders related to and reducing certain tariffs on China.
In the first Executive Order, President Trump modified duties on imports from China. In February and March 2025, in response to
Customs Broker Pleads Guilty to Conspiracy Charge in Latest FCPA Prosecution Following DOJ’s Recent Enforcement Restart
On October 23, 2025, a customs broker operating in both the United States and Mexico pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act (FCPA) before a magistrate judge in the U.S. District Court for the Western District of Texas. Although the plea agreement remains under seal, it was approved and adopted the
United States and Malaysia Sign Reciprocal Trade Agreement
On October 26, 2025, the United States and the Government of Malaysia signed an Agreement on Reciprocal Trade. The agreement is intended to “enhance reciprocity in their bilateral trade relationship by addressing tariff and non-tariff barriers;” and seeks to “strengthen their commercial relationship through increased alignment on national and regional economic security matters.”