Recent changes
USTR Announces 2026 Trade Policy Agenda and 2025 Annual Report
The U.S. Trade Representative has announced the 2026 Trade Policy Agenda and the 2025 Annual Report. These documents outline the administration's 'America First' trade strategy, focusing on protecting U.S. jobs and expanding market access for American exporters.
DOJ Announces New Trade Fraud Enforcement Initiative
The US Department of Justice has announced a new Trade Fraud Task Force and initiative, elevating trade fraud enforcement to a national and economic security priority. This signals increased scrutiny and criminal enforcement actions against companies involved in customs violations, tariff evasion, and forced labor.
In-Transit Freight Financing for Working Capital
This article discusses in-transit freight financing, a method for businesses to convert goods in transit into financeable assets to unlock working capital. It highlights how this strategy can help companies manage cash flow disruptions caused by unpredictable global supply chains and recommends partnering with experienced lenders.
China's 2025 Arbitration Law Effective
China's amended Arbitration Law, effective March 1, 2026, introduces significant reforms to its arbitration framework. Key changes include codifying the arbitration seat, expanding foreign-related arbitration access, strengthening court support for interim relief, and allowing limited ad hoc arbitration. International companies doing business with China should review their dispute resolution clauses.
USTR Seeks Input on Critical Minerals Trade Agreement
The Office of the United States Trade Representative (USTR) has opened a public docket to gather stakeholder input for a proposed "Plurilateral Agreement on Trade in Critical Minerals." This initiative aims to establish multinational policies for critical minerals supply chains, potentially including pricing mechanisms and investment incentives, following President Trump's Section 232 Proclamation.
Trump Ends IEEPA Tariffs, Imposes New Trade Act Tariffs
President Trump ended tariffs imposed under IEEPA and initiated new tariffs under Section 122 of the Trade Act of 1974, set at 15% and lasting 150 days. The USTR also announced new Section 301 investigations targeting major trading partners. These changes took effect February 20, 2026.
Supreme Court Invalidates IEEPA Tariffs; President Rescinds
The Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. Following this decision, President Trump issued an Executive Order rescinding existing IEEPA tariffs and directing agencies to terminate their collection. Businesses are advised to review contracts and plan for potential future tariffs.
State and Education Depts. Partner on Foreign Gift Reporting
The U.S. Department of Education and the U.S. Department of State have formed a partnership to jointly oversee Section 117 foreign gift and contract reporting requirements for higher education institutions. This collaboration aims to streamline oversight and enhance transparency regarding foreign influence in academia.
EU Scales Back ESG Reporting and Due Diligence Rules
The EU has published amendments to the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CS3D) via the Omnibus Directive EU 2026/470. These changes significantly reduce the scope of reporting and due diligence requirements for companies operating in the EU, including higher thresholds and adjusted compliance timelines.
Florida AG Creates Unit to Combat Foreign Adversary Threats
Florida Attorney General James Uthmeier announced the creation of the CHINA Prevention Unit to combat threats from foreign adversaries, particularly the Chinese Communist Party, to consumer data privacy and economic security. The unit will audit companies and pursue enforcement actions for violations.
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