According to President Trump, “Tariff is the most beautiful word in the dictionary.” Throughout his presidential campaign, Trump promised to use tariffs as a central part of his foreign policy strategy. His America First Trade Policy memorandum also directs the administration to review various tariff- and tariff-adjacent levers the United States could use to further
Regulation to phase out Russian gas imports backed by EU Council
Following the EU’s existing embargo on Russian crude oil and petroleum products, the European Commission has proposed, and the Council has now agreed in principle, a complementary Regulation designed to end the remaining inflows of Russian natural gas into the Union. The measure gives legal effect to the Commission’s May 2025 Roadmap towards ending Russian
What are the three key points you need to know about the European Commission’s proposal on steel?
On 7 October 2025, the European Commission presented a proposal for a new regulation to introduce rigorous trade measures on steel entering the EU market. The proposal is subject to the ordinary legislative procedure, under which the European Parliament and the Council act as co‑legislators to amend and ultimately adopt the text. We therefore expect
Navigating international trade: why developing a global customs valuation policy is a must for luxury brands
The distinctive features that set a luxury brand’s products apart aren’t created only on the factory floor. For example, a company’s sketches from Paris, R&D in Milan, and artisanal prototypes perfected in Tokyo all flow into the production line. These upstream inputs (known as assists) must be carefully managed to avoid issues when the final
Antitrust considerations amid shifting tariffs
With tariffs and trade measures continuing to reshape global markets, companies are navigating how best to respond, often considering price and supply chain adjustments as part of the process. As antitrust enforcers scrutinize competitor conduct, our antitrust and international trade teams have collaborated to launch a two-part podcast series, focusing on the practical impact of
U.S. Moves to Ban Foreign Adversary Purchases or Control of Farmland and Launches National Farm Security Action Plan
On July 8, 2025, the U.S. Department of Agriculture (USDA) announced the National Farm Security Action Plan (Action Plan), a sweeping initiative to protect American agriculture as a matter of national security. Among its most consequential provisions are forthcoming restrictions on foreign adversaries (e.g., China) from purchasing or controlling U.S. farmland. Highlights of the Action
Key customs and trade considerations for data centers
As global trade barriers rise and regulatory frameworks grow more complex, data centers must implement robust legal strategies to address customs valuation, origin rules, import/export controls, and maintenance-related trade challenges.
In a recent post, published as part of our Data Centers: Bytes and Rights series, we highlight and examine five key compliance areas that
Key investigations and enforcement trends for Q2 2025
With President Donald Trump’s return to the White House, the legal environment has been ever-changing. On Wednesday, April 9th, we gathered a group of regulatory attorneys from across Reed Smith’s global platform to provide a 90-minute CLE that outlines the key changes that have occurred during Trump’s first 100 days, as well as
U.S. imposes 10% baseline tariffs; higher reciprocal tariffs for targeted countries
Updated: April 3, 2025 at 3:30 p.m. ET to reflect the specific exemptions outlined in the unofficial version of the Harmonized Tariff Schedule of the United States (HTSUS) modifications that will implement the reciprocal tariffs.
On April 2, President Trump signed a pair of executive orders as part of a “Liberation Day” ceremony in the
What impact will President Trump’s reciprocal tariffs have on the United Kingdom?
Background to the Reciprocal Plan on Trade
On February 13, the U.S. administration introduced its Fair and Reciprocal Plan on Trade, outlining its approach to reciprocal tariffs. The policy aims to address what the administration perceives as an unfair trade imbalance, where the U.S. maintains relatively low import tariffs while other countries impose higher