It was announced late on Monday that new U.S. tariffs on Canada will, like Mexico, be paused for 30 days to allow the U.S. and Canada time to negotiate.
Prime Minister Justin Trudeau said Canada is implementing a $1.3 billion plan to reinforce the U.S.-Canadian border and appointing a Fentanyl Czar, among other things.
At
On February 3, President Trump confirmed reports of a one-month pause for the implementation of 25% tariffs on imported products of Mexico, following a conversation with President Claudia Sheinbaum of Mexico during which Sheinbaum agreed to immediately supply 10,000 Mexican National Guardsmen to the U.S.-Mexico border to assist with fentanyl interdiction and illegal migration.
This
On Saturday, February 1, 2025, President Trump signed three Executive Orders (“EOs”) following through with the promised tariffs targeting products of Canada, Mexico and China (the “February 1 EOs”), and the White House issued a supporting informational fact sheet.
The United States will impose 25% tariffs on all products of Mexico and Canada
As of January 15, 2025, Commerce, Energy, State, and Treasury have each published their annual increase in civil monetary penalties for violations of U.S. export controls and sanctions regulations to account for inflation. Below is a summary of the increases for calendar year 2025.
| U.S. Department of Commerce | ||
| EAR Section | 2024 Maximum | |
President Trump signed a raft of Executive Orders (E.O.) in the initial days of his new administration, several of which relate to sanctions. Here is an initial run-down:
Designating Cartels as Foreign Terrorist Organizations
On January 20, the President signed an executive order that creates a process for cartels and “other transnational organizations such
On September 12, 2024, the U.S. Department of Commerce Bureau of Industry and Security (BIS) issued a final rule to amend the Export Administration Regulations (EAR) revising provisions related to the voluntary self-disclosure (VSD) process for persons who believe that they may have violated the EAR, or any order, license or authorization issued thereunder. The
On September 11, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it is seeking comments on a new interim final rule amending OFAC’s Reporting, Procedures and Penalties Regulations to extend recordkeeping requirements from five to ten years. While OFAC is seeking comments within 30 days, the interim final rule
On August 23rd, 2024, the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Department of State (State), and the Commerce Department’s Bureau of Industry and Security (BIS) acted against Russia’s international supply chains.
OFAC and State collectively sanctioned nearly 400 individuals and entities. Of note, this included a substantial focus on