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
Tariff refunds: What U.S. importers should know as the Supreme Court weighs the tariffs’ legality
During the Supreme Court’s oral argument in Learning Resources v. Trump last month, Justice Barrett asked counsel for the private plaintiffs about the tariff refund process if his clients prevail. After some back and forth, she summarized: “So a mess?”
Although the Court has not yet announced when an opinion may be released, entries subject
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
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
DOJ dedicates significant resources to priority of investigating and prosecuting tariff evasion
The Department of Justice (DOJ) is reshaping the Criminal Division’s white-collar program to focus on tariff and trade fraud. In the past months, DOJ has significantly narrowed the scope of Foreign Corrupt Practices Act enforcement. Now, DOJ is dedicating significant additional resources and attention to tariff evasion. On July 10, acting Assistant Attorney General of
Trump 2.0 – Tenth-Day digest for ASEAN and China
In recent weeks, the global trade landscape has been significantly impacted by U.S. President Donald Trump’s “Liberation Day” tariffs, which have targeted numerous countries, including those in the Association of Southeast Asian Nations (ASEAN) and China. Each country has reacted differently based on its economic relationship with the U.S., local industry concerns, and geopolitical considerations.
False Claims Act: 2024 enforcement trends and what to expect in 2025
In 2024, the Department of Justice saw a record number of qui tam actions under the False Claims Act (FCA), with total settlements and judgments exceeding $2.9 billion. Throughout this next year, we expect to see this uptick in enforcement continue, especially in light of the Trump administration’s crackdown on diversity, equity, and inclusion policies
Trump adjusts steel and aluminum tariffs; directs Customs to increase enforcement
On February 10, President Trump signed two proclamations adjusting the already-existing Section 232 tariffs on imports of steel and aluminum. He also directed U.S. Customs and Border Protection (CBP) to “dramatically increase” its enforcement efforts to prevent circumvention.
Increased tariff enforcement
The proclamations direct CBP to prioritize reviews of the classification of imported steel and
U.S. imposes tariffs on Canada, China, and Mexico; retaliation promised
- U.S. imposes tariffs
Key investigations and enforcement trends for 2025
With U.S. President Donald Trump’s recent return to the White House, major regulatory changes are on the horizon for 2025. On Thursday, January 23rd, we gathered a group of regulatory attorneys from across Reed Smith to provide a one-hour CLE that outlined the key trends to watch for this year. In their latest