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
Tariffs/Trade Policy
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,
DOJ Announces Charges for False Country-of-Origin Claims and Tariff Evasion Through Undervaluation
By Francesca M.S. Guerrero on
Key Notes
- Tariff undervaluation may result in criminal charges.
- False country of origin may result in government procurement-related fraud charges, not only tariff-related fraud charges.
The Department of Justice (DOJ) in September announced the unsealing of an indictment charging two Colorado companies and three executives with a multiyear scheme to sell Chinese made forklifts to…
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…
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…
United States and China Reach Deal to Ease Trade Tensions
- China
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.” …
United States and Cambodia Sign Reciprocal Trade Agreement
On October 26, 2025, the United States and the Kingdom of Cambodia 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.” …
United States and Vietnam Agree to Framework Agreement on Reciprocal Trade
- Vietnam’s preferential market access for substantially all U.S. industrial and agricultural exports.
- The continuation of U.S. reciprocal tariffs
United States and Thailand Agree to Framework Agreement on Reciprocal Trade
- Thailand’s elimination of tariff barriers on approximately 99 percent of goods, covering a full range of U.S. industrial, food