President Trump Monday signed an executive order aimed at reducing prescription drug costs by establishing a “most-favored-nation” (MFN) pricing policy, which would benchmark U.S. drug prices to those paid in economically comparable countries.
Senator Bernie Moreno (R-Ohio) has urged the Department of Commerce to expand Section 232 tariffs on steel derivative products to cover the full value of imported steel-intensive appliances, citing a surge in foreign imports undermining domestic manufacturing.
On May 6, 2025, the House Select Committee on the Chinese Communist Party (CCP) issued a bipartisan letter expressing national security concerns regarding Unitree Robotics, a Hangzhou-based robotics company. Unitree Robotics holds a dominant position in the global quadruped robot market,
The imposition of sweeping U.S. tariffs has precipitated a significant downturn in transpacific trade, affecting both air and sea freight sectors. The termination of the de minimis exemption for shipments under $800 from China and Hong Kong, coupled with elevated tariffs reaching up to 145%, has led to widespread cancellations and a sharp decline in shipping volumes.
Federal contractors are facing significant cost pressures following the Trump administration’s sweeping tariff increases, with baseline duties of 10% on most imports and up to 145% on goods from China now in effect.
The United States and Ukraine have signed a landmark agreement establishing the United States–Ukraine Reconstruction Investment Fund, a joint initiative aimed at mobilizing capital for Ukraine’s post-war reconstruction, economic recovery, and strategic transformation following Russia’s full-scale invasion in 2022. Signed by U.S. Treasury Secretary Scott Bessent and Ukraine’s First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko, the agreement lays the legal and operational foundation for a limited partnership between the U.S. International Development Finance Corporation (DFC) and Ukraine’s State Agency for Support of Public-Private Partnership.
President Donald Trump signed an Executive Order on April 29 designed to mitigate the cumulative tariff burden imposed on imports under various U.S. trade remedy authorities. A separate Presidential Proclamation issued the same day modifies the 25% Section 232 tariff on imported auto parts, allowing U.S. manufacturers to claim offsets:
President Trump’s recent executive order to expedite deep-sea mining has ignited widespread criticism from environmental groups, scientists, and international bodies. The directive aims to accelerate the permitting process for seabed mineral extraction in both U.S. and international waters, citing national security and economic interests in securing critical minerals like nickel, cobalt, and manganese.
US Customs & Border Protection has published an FAQ page on the International Emergency Economic Powers Act (IEEPA) as it relates to tariffs.
April has seen enforcement actions on Chinese work gloves, South Korean Sea Salt, and most recently a petition based on evidence of modern slavery in the Brazilian coffee industry.
President Trump has signed an Executive Order directing the Secretary of Commerce to initiate a Section 232 investigation under the Trade Expansion Act of 1962 into the national security implications of U.S. reliance on imported processed critical minerals and their derivative products.
Senator Jeanne Shaheen (D-NH), a senior member of the Senate Armed Services Committee and Ranking Member of the Senate Foreign Relations Committee, sent a letter to Defense Secretary Pete Hegseth raising concerns over the national security implications of President Trump’s sweeping tariffs. Shaheen warned that tariffs imposed on imports from nearly every country risk undermining the Department of Defense’s purchasing power, weakening industrial supply chains, and driving up costs for defense contractors—particularly small businesses.
The Office of the United States Trade Representative has invoked the Rapid Response Labor Mechanism (RRM) in the United States-Mexico-Canada Agreement (USMCA) to review whether workers at Modern Metal Alloys, S.A. de C.V. (MMA), located in Querétaro, Mexico, are being denied the right to freedom of association and collective bargaining.
The U.S. Department of Commerce formally announced the initiation of two separate investigations under Section 232 of the Trade Expansion Act of 1962 to assess the impact of semiconductor-related and pharmaceutical-related imports on national security. The investigations, which will be conducted by the Bureau of Industry and Security (BIS), Office of Strategic Industries and Economic Security. The investigations will evaluate:
The U.S. Department of Justice has filed a civil complaint against Barco Uniforms Inc. and several affiliated entities and individuals, alleging violations of the False Claims Act stemming from an alleged scheme to underpay customs duties on imported apparel.
The US Trade Representative's office announced a schedule for the imposition of fees on Chinese-built vessels calling on US ports. Markedly less punitive than initially proposed, Thursday's announced Section 301 measures will be implemented in two phases an escalating per-ton charge on foreign ships and, three years out, a scheme to penalize non-US LNG carriers,
Continuing his crusade against Chinese batterymakers, Rep. John Moolenaar (R-MI) sent a letter to the CEOs of two banks "demanding the banks withdraw from their role" in the upcoming Hong Kong initial public offering (IPO) of Contemporary Amperex Technology Co., Limited (CATL).
The Trump administration’s imposition of new tariffs disrupts a longstanding international framework that has facilitated largely tariff-free aerospace manufacturing and trade since the 1980s, challenging a key exporting industry, according to the Aerospace Industries Association.
The Trump administration is revising its proposed port fees on Chinese-built vessels as it implements a sweeping Executive Order aimed at restoring American maritime strength. The administration reportedly plans to reduce the burden on exporters by basing fees largely on vessel capacity and easing charges on ships carrying U.S. agricultural exports such as soybeans and timber.
The Office of the United States Trade Representative (USTR) invoked the Rapid Response Labor Mechanism (RRM) under the United States-Mexico-Canada Agreement (USMCA) to request that Mexico review …