
Series
Commercial Implications of Tariffs, Trade Policy, and Changes in Law
The Trump Administration has embarked on an ambitious agenda that is reshaping global trade and many domestic policies. Existing contracts may be impacted, particularly where the cost of performance has increased or become more difficult due to tariffs, supply chain disruptions, material or equipment shortages, or changes that impact a project’s funding or financing. Companies are exploring their contractual rights, as many face substantially different circumstances today than when their contracts were signed. Force majeure, change in law, and material adverse change clauses are among the principal clauses that may be applicable to these issues. Each situation presents its own unique set of facts, which must be considered in the context of the contract language and governing law. We are dedicated to keeping our clients informed about commercial issues flowing from executive actions. Visit this page frequently for timely insights and subscribe to our mailing list to receive updates direct to your inbox.
Thought Leadership
On Monday, 16 June 2025, the Senate Finance Committee released its version of the Section 899 retaliatory tax provisions that also are included in the “One Big Beautiful Bill Act” that was passed by the House of Representatives on 22 May 2025.
This alert describes the persons who would be subject to the changes contained in Code Section 899, the consequences of being subject to this proposed new Code section, and some of the impacts this provision would have on certain cross-border transactions.
Retaliatory tax provisions contained in H.R. 1, the “One Big Beautiful Bill Act” that recently passed the US House of Representatives, if enacted, would drastically impact common cross-border transactions, including US operations of foreign multinational groups and inbound investments.
The Trump administration has identified growth in the nuclear energy industry as a critical component of the President’s campaign to establish American energy dominance and meet the rapidly increasing need for power.