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
Commission proposes expansion of EU CBAM to downstream goods and addresses potential CBAM abusive practices
On 17 December 2025, the European Commission published an amendment proposal (COM 2025/0419) to the Carbon Border Adjustment Mechanism (CBAM) Regulation (Regulation (EU) 2023/956), which proposes to expand CBAM to certain downstream goods and strengthen anti-circumvention provisions. The proposal also refines operational rules, including for electricity imports, exemptions, and market-stability safeguards.
How sanctions transformed the shipping industry in 2025
Key takeaways:
- EU and UK sanctions now increasingly target the full maritime logistics chain, including third country actors
- Shadow-fleet measures have intensified scrutiny on vessels and operators
- Compliance has become central to commercial decision-making
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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
BIS plans to rescind Biden-era AI diffusion rule; imposes other controls on AI chips
On May 13, 2025, the Bureau of Industry and Security (BIS) announced its intent to rescind the Biden administration’s Framework for Artificial Intelligence Diffusion (AI Diffusion Rule) that is scheduled to go into effect on May 15. BIS will publish a Federal Register notice formalizing its decision. In the meantime, Under Secretary of Commerce for
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
Tariff mitigation through alternative sourcing: Navigating customs country of origin compliance risks
In a time of escalating tariff tensions, companies are investing heavily in analyzing the impact of tariff changes on their business and adapting to the shifting trade landscape. To mitigate tariff impacts and maintain competitiveness, many explore supply chain adjustments, such as alternative sourcing or relocating production. While “tariff engineering” is becoming an increasingly popular
DHS expands UFLPA Entity List by over one-third
Effective January 15, the Department of Homeland Security (DHS) added 37 China-based companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, marking the single largest expansion of the UFLPA Entity List since its creation in 2022. Included in the additions is a large supplier of critical minerals, as well as one of
Emerging money laundering risks in the UK’s clothing and retail sectors
A UK Court of Appeal decision in June 2024 has heightened the UK’s focus on the potential for money laundering offences within global supply chains. There is now a greater risk that UK law enforcement may recover assets from companies that fail to perform adequate due diligence on their supply chain, even if adequate consideration
EU 14th Sanctions Package against Russia
On 24 June 2024, the EU agreed the long-awaited 14th package of sanctions against Russia. These latest measures introduce several new thematic restrictions and imposed asset freeze measures on an additional 116 individuals and entities including Sovcomflot and the Volga Dnepr Group.
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