Retreat from Globalization: Overview of the New U.S. Tariff Regime

On April 2, 2025, President Donald Trump issued an executive order (EO) on tariffs called "Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits," which applies a baseline tariff of 10% on all imports into the United State (Global Tariffs EO)....
By: Fenwick & West LLP

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