International Trade & National Security Law Firm

For the latest Trump trade executive actions, please view the below Trump Trade Table for important information. This table will be monitored and updated regularly. The last update occurred May 8, 2025.

On February 21, 2025, the Trump administration published its “America First Investment Policy” memorandum. Among other items, the Policy calls for the United States to restrict China-affiliated persons from investing in strategic sectors of the U.S economy, create an expedited “fast track” process to facilitate investment from specific allied partners, and establish new rules to prevent U.S. companies from investing in industries that advance China’s Military-Civil Fusion strategy.

The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) plays a critical role in protecting U.S. national security and advancing foreign policy objectives through its regulation of U.S. exports. Two important tools in BIS's enforcement arsenal are the Entity List and the Unverified List (“UVL”). These lists identify foreign persons and organizations that present potential risks to U.S. national security and impose restrictions on U.S. exporters’ ability to do business with those entities. Inclusion on either list can have significant commercial and reputational consequences. However, listed parties do have avenues to seek removal through formal procedures.

This article provides an overview of the BIS Entity List and Unverified List, the implications of being listed, and basic procedures for seeking removal from these lists.

With U.S. trade policy constantly evolving and Customs enforcement increasing, importers face more pressure than ever to ensure customs compliance from the beginning. One misstep – whether it is a misclassified product, an incorrect origin declaration, or a mistaken claim under the United States-Mexico-Canada Agreement (“USMCA”) or any other preferential treatment claim– can lead to costly penalties, shipping delays, and harm to your company’s reputation. U.S. Customs and Border Protection (“CBP” or “Customs”) adopts a strict approach to enforcement related to product classification accuracy and origin eligibility that requires importers to be vigilant in their compliance efforts. This guide outlines the most common mistakes importers make and how they can be avoided to maintain smooth trade operations and a clear supply chain.

On April 29, the Trump administration published two actions, an Executive Order (EO) and a Proclamation, announcing amendments to the current convoluted tariff situation. The EO describes when and how various tariff actions are applied cumulatively, or “stack,” and the Proclamation amends the tariff regime for automobiles and automobile parts, described (as initially implemented) in our previous trade alert. Together, these measures clarify, adjust, and in some cases reduce, the tariff burdens on the U.S. automotive sector and some other importers.

This article provides an overview of the most recent tariff updates affecting businesses operating within the semiconductor, pharmaceutical, and critical mineral industries. Below we outline recent tariff exclusions for semiconductor products and new investigations into certain semiconductors, pharmaceuticals, and critical minerals which can lead to higher tariffs for these product groups. Industries affected by the newly launched investigations should consider filing a public comment.