Decoding Trump’s Tariffs: What the New Trade Reality Means for Your Business

In his first weeks returning as President, Donald Trump has been very active on trade, as many people expected. Tariffs, which the president has called his favorite word, have been threatened, delayed, applied, and paused on specific countries including Canada, Mexico, and China as well as steel and aluminum. Additional tariffs may be placed on copper, lumber, and otherproducts.

Featured Speaker

Ted Murphy, co-leader of Sidley’s Global Arbitration, Trade and Advocacy practice, counsels companies and trade associations on international trade and customs law. In particular, he advises clients on international trade, trade policy, and customs compliance issues, including actions brought under Sections 201 and 301 of the Trade Act of 1974, Section 232 of the Trade Expansion Act of 1962, the Uyghur Forced Labor Prevention Act, and other customs-related laws. Ted is a frequent speaker on international trade and customs compliance-related topics at seminars, and he is routinely recognized by Chambers and other legal ranking publications as a leading practitioner.

Ted advises clients on all substantive issues handled by U.S. Customs and Border Protection (CBP), including complex customs valuation matters, free trade agreement qualification, tariff classification, special program, and forced labor issues. He assists clients in developing and implementing effective compliance programs to help ensure that reasonable care is exercised over import matters. Ted regularly conducts internal compliance reviews, prepares detailed prior disclosures and compliance improvement plans, and represents clients in customs compliance audits and enforcement actions, including both CBP and Homeland Security Investigations.