On March 3, 2025, the Office of the U.S. Trade Representative (USTR) delivered President Donald Trump’s 2025 Trade Policy Agenda, 2024 Annual Report, and World Trade Organization at Thirty report to Congress. This year’s trade agenda seeks to strengthen the middle class and national defense and to address trade deficits by focusing on a “Production…

On March 6, 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License (GL) 5R, “Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After July 3, 2025,” which continues to delay U.S. persons’ ability to enforce bondholder rights to the CITGO…

President Donald Trump issued two executive orders (“EOs”) on March 6, 2025 delaying the 25% tariffs imposed against imports of products of Canada and Mexico (10% tariffs for imports of energy products of Canada) pursuant to the International Emergency Economic Powers Act (“IEEPA”) until April 2, 2025.  The EOs specifically provide that goods qualifying and entered…

On March 4, 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 41A within its Venezuela-Related Sanctions Program: “Authorizing the Wind Down of Certain Transactions Related to Chevron Corporation’s Joint Ventures in Venezuela.” The Biden Administration had issued the precursor to General License (GL) 41A, GL 41…

  • The USTR issued a determination and report in January 2025 finding that China’s acts, policies, and practices of in the maritime, logistics, and shipbuilding sectors burden or restrict U.S. commerce and are actionable under Section 301 of the Trade Act of 1974.
  • The USTR is proposing actions that could include significant port service
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The Trump administration implemented tariffs against Canada and Mexico effective March 4, 2025, arising from declared national emergencies at both the northern and southern U.S. borders pursuant to the International Economic Emergency Powers Act (IEEPA).

Implementation of Tariffs

On March 3, 2025, U.S. Customs and Border Protection (CBP) issued draft Federal Register notices (to be…

On March 3, 2025, the White House issued an Executive Order to further address the synthetic opioid supply chain in China by increasing the current tariffs on all products of China (and Hong Kong) from 10% to 20%. China immediately responded by announcing that it will implement additional tariffs of up to 15% on key…

On March 1, 2025, President Donald Trump signed an Executive Order (EO) initiating an investigation under Section 232 of the Trade Expansion Act of 1962 to determine the effects on national security of imports of timber, lumber and their derivative products (including paper products, furniture and cabinetry) dumped into the U.S. market. The EO states…

The White House issued two Executive Orders on March 2, 2025 amending the February 1, 2025 Executive Orders Imposing Duties to Address the Situation at Our Southern Border and Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border (see Thompson Hine Update of February 3, 2025). The March 2 amendments…

On February 26, 2025, two U.S. chassis manufacturers representing the domestic industry – petitioners Cheetak Chassis Corporation and Stoughton Trailers, LLC – filed petitions with the Department of Commerce seeking the initiation of dumping and countervailing duty investigations into certain chassis and subassemblies imported from Mexico, Thailand, and Vietnam that are allegedly being or are…