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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
California started 2025 with significant activity around artificial intelligence in the workplace.
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.
On 3 February 2025, the United States reached agreements with Canada and Mexico to pause tariffs on imports from those countries in exchange for actions on border security, illegal drugs, and immigration.
On 2 April 2025, President Trump announced a series of “reciprocal” tariffs on US imports from all countries. The tariffs apply at different rates by country, starting at a baseline of 10% and reaching as high as 50%.