100+ |
45 |
|
|
Customs lawyers in our extensive global network of 74 offices |
Countries where we have our presence |
Our Global Customs Group organizes webinars which discuss the latest developments and potential impacts of President Trump's second term in office from a global trade and customs perspective, to help you understand and better prepare for what lies ahead.
Please regularly visit this page to view past webinar recordings on demand and to register for future sessions.
Round Two - Trump and Tariffs: Section 232 Tariff Announcement, Reciprocal & Retaliatory Tariffs and More
Baker McKenzie's Global Customs Group recently held "Trump and Tariffs: Section 232 Tariff Announcement, Reciprocal & Retaliatory Tariffs and More" on Thursday, 20 February 2025 in which our experts discussed the immediate impacts on companies with respect to President Trump’s Section 232 Tariff announcement, the latest developments on Trump’s proposed reciprocal tariffs and retaliatory measures expected from the EU, UK, Canada and Asia and actions that businesses should take now in the face of these developments to help mitigate the impact of the tariffs and navigate the customs landscape in North America and globally.
Our Global Customs team, including our attorneys and practitioners in the US, Mexico, Canada, and China have been following these developments closely, and will continually update our Import and Trade Remedies Blog as developments occur.
|
Trump and Tariffs: Focus on the US, Canada, Mexico and China |
|
|
Baker McKenzie's Global Customs Group recently outlined the immediate implications of US tariffs on Canada and Mexico, as well as Canada’s countermeasures, what we can expect during the month in which duty imposition has been paused between Mexico/Canada/China and the US, impacts on the USMCA if tariffs are imposed, considerations with respect to both the transfer pricing and customs valuation implications resulting from increased costs through these potential tariffs, and what businesses need to do now in the face of these developments to navigate the customs landscape in North America and mitigate any potential additional tariffs. Whether the pause with Canada and Mexico will stay in place remains to be seen.
|
|
|
Trump and Tariffs: A Global Perspective of What Lies Ahead |
|
| Baker McKenzie's global panel of trade and customs experts outlined the potential impacts of President-Elect Trump's second term in office from a global perspective, to help you understand and better prepare for what lies ahead. Key takeaways for businesses include implementing due diligence on global supply chains, with a particular emphasis on targeted jurisdictions such as China and the US's USMCA counterparts.
Whilst Trump's second term will be unpredictable, key mitigation strategies can be implemented, such as relocation of production (subject to anti-circumvention rules – see our blog post on the recent ECJ case on anti-circumvention of tariffs), considering contractual clauses and exclusions, as well as possible lobbying. |
|
Visit InsightPlus for our latest legal updates covering International Commercial & Trade developments across the globe
Key Resources
International trade sanctions limit how companies can do business, as well as customs laws, exchange controls and foreign investment requirements. Our International Commercial & Trade lawyers help clients overcome these challenges and successfully compete in the world's developed and emerging markets.