The European Parliament and Council have reached a provisional political agreement to permanently end all imports of Russian natural gas into the EU on an accelerated timetable. The deal brings forward key deadlines for LNG and pipeline gas, tightens limits on contract amendments, enhances anti-circumvention and origin-tracking rules, and strengthens enforcement with significant penalties. Member
Potential U.S. tariffs on copper imports and the ‘short squeeze’: Legal considerations for physical sale and purchase contracts
- On July 8, 2025, President Trump indicated that the United States would impose 50% tariffs on copper imports. The tariffs are expected to be imposed by end of July or start of August.
- In response to the threat of tariffs, the global copper market has experienced significant change, as traders and end users
U.S. and China in tariff tit for tat; Canadian and Mexican tariffs delayed
Update: On February 1, 2025, President Trump signed three executive orders imposing U.S. tariffs on imports from Canada, China, and Mexico. These new tariffs are in addition to any already-existing duties and tariffs, including antidumping and countervailing duties, Section 232 tariffs on steel and aluminum imports, and Section 301 tariffs on Chinese-origin
U.S. imposes tariffs on Canada, China, and Mexico; retaliation promised
- U.S. imposes tariffs
BIS seeks comments on a proposed rule prohibiting transactions involving Chinese and Russian vehicle connectivity system hardware and software
The Bureau of Industry and Security (BIS) is seeking comments on a proposed rule that would prohibit transactions involving Vehicle Connectivity System (VCS)[1] hardware and covered software designed, developed, manufactured, or supplied by persons owned by, controlled by, or subject to the jurisdiction of China (including Hong Kong) or Russia. Comments will be due