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2 months ago | 
afslaw.com | Antonio Rivera |Mario A. Torrico
On On January 20, President Trump formally announced the development of the External Revenue Service (ERS) for the purposes of collecting tariffs, duties, and other foreign trade related revenues.
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Jan 20, 2025 | 
jdsupra.com | Antonio Rivera
The incoming Trump Administration’s approach to the Inflation Reduction Act (IRA) and tax policies is generating significant interest within the electric vehicle (EV) sector. Generally, reports indicate that some Republican politicians, including individuals connected with the Trump Administration, intend to repeal or limit certain IRA tax incentives. US Congress could limit tax incentives by capping a tax credit, for example, or narrowing the activity or outputs eligible for a tax credit.
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Jan 20, 2025 | 
jdsupra.com | James Kim |Birgit Matthiesen |Antonio Rivera
As President-elect Donald Trump prepares to assume office on January 20, numerous tariff proposals have already been put forward that could significantly impact the electric vehicle (EV) and battery supply chain industry. Differentiating between the potential for immediate tariff actions and those requiring more time to implement is critical for companies that are in preparation of such actions.
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Jan 20, 2025 | 
jdsupra.com | Nicole Gregory |Antonio Rivera
As President-elect Trump prepares to take office on January 20, the construction industry must anticipate shifts in trade policy, particularly concerning tariffs. These changes are expected to have significant implications for various sectors, including energy and clean technology. The industry’s growing reliance on energy-efficient and clean technology components is driven by sustainability goals and regulatory requirements.
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Jan 20, 2025 | 
jdsupra.com | Antonio Rivera |Angela Santos
As President-elect Trump continues to shape his economic plan with significant tariff policies, it’s crucial for businesses to stay informed about the potential risks and opportunities his announcements may bring. We anticipate that any official tariff announcements made on January 20 and within the first 100 days via Executive Order (EO) or otherwise will merely mark the administration’s initial trade policy, which will evolve over the next four years.
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Jan 20, 2025 | jdsupra.com | Antonio Rivera |Angela Santos
As President-elect Trump continues to shape his economic plan with significant tariff policies, it’s crucial for businesses to stay informed about the potential risks and opportunities his announcements may bring. We anticipate that any official tariff announcements made on January 20 and within the first 100 days via Executive Order (EO) or otherwise will merely mark the administration’s initial trade policy, which will evolve over the next four years.
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Jan 17, 2025 | 
afslaw.com | Angela Santos |Antonio Rivera
As President-elect Trump continues to shape his economic plan with significant tariff policies, it’s crucial for businesses to stay informed about the potential risks and opportunities his announcements may bring. Off We anticipate that any official tariff announcements made on January 20 and within the first 100 days via Executive Order (EO) or otherwise will merely mark the administration’s initial trade policy, which will evolve over the next four years.
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Jan 17, 2025 | 
afslaw.com | Antonio Rivera |Mario A. Torrico
On In addition to potential tariff increases, the solar industry is likely to continue to be a high priority sector for forced labor enforcement under the Uyghur Forced Labor Prevention Act (UFLPA) by US Customs and Border Protection (CBP), particularly due to the significant use of polysilicon, a key raw material in solar panels, which is often sourced from Xinjiang, a region in China where forced labor concerns is prevalent.
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Jan 17, 2025 | 
afslaw.com | Antonio Rivera
Generally, reports indicate that some Republican politicians, including individuals connected with the Trump Administration, intend to repeal or limit certain IRA tax incentives. US Congress could limit tax incentives by capping a tax credit, for example, or narrowing the activity or outputs eligible for a tax credit. However, Republican states have invested substantial amounts into projects that benefit from IRA tax incentives.
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Jan 17, 2025 | 
afslaw.com | Antonio Rivera |Birgit Matthiesen
On In general, the imposition of new duties or tariffs typically requires congressional oversight and findings from relevant government agencies, a process that can extend over several months. This includes mechanisms such as the Section 301 tariffs on imports of China-origin products, where tariffs on EVs, battery parts, and critical minerals were recently increased, along with future increases on semiconductors, natural graphite, and permanent magnets that are scheduled for action.
