P. Lee Smith

Dec 9, 2024 | jdsupra.com | Matthew Duff |P. Lee Smith

Expanding on our prior alert, the next administration is expected to implement economic policies that will present significant opportunities for companies who make or want to make their products in the United States with American workers. President-elect Trump's statements regarding economic policy demonstrate a desire to increase domestic manufacturing and to reshore manufacturing into the United States through incentives, as well as the imposition of tariffs.

Nov 25, 2024 | jdsupra.com | P. Lee Smith

Trade action was a touchstone of the first Trump Administration. Statements throughout the campaign by President-Elect Trump and his surrogates suggest significant trade actions in the second term. The actions and potential retaliation by trading partners present supply chain challenges for companies' imports and exports. There will also be opportunities for U.S. manufacturers and companies seeking to invest in the United States.

May 21, 2024 | jdsupra.com | Gregory Maddaleni |P. Lee Smith

The Biden administration announced that it will increase tariffs in key product areas, largely focusing on electric vehicles, batteries, solar cells, and supporting industries. This increase in tariffs results from the U.S. Trade Representative's (USTR) statutory four-year review of Section 301 action against China. These actions are to encourage China to eliminate its trade-restrictive actions which largely remain in place and to counteract China's harmful technology transfer-related policies.

May 15, 2024 | today.westlaw.com | P. Lee Smith |Elizabeth Atkinson |Carl Hartley |Baker Donelson

(May 23, 2024) - Thomas Mahoney, Lee Smith, Elizabeth Atkinson and Carl Hartley of Baker Donelson discuss implications of U.S. Department of the Treasury and Department of Energy regulations aimed at electric vehicle production. The Treasury finalized regulations for the Clean Vehicle Credit under I.R.C. Section 30D. These regulations are effective July 5, 2024. The Section 30D credit, up to $7,500, applies to new electric or fuel cell vehicles (EVs).

Aug 31, 2023 | jdsupra.com | P. Lee Smith |Gregory Maddaleni

August 31, 2023 To embed, copy and paste the code into your website or blog: The Office of Management and Budget (OMB) recently released guidance for the Build America, Buy America Act (BABA), which was enacted in November 2021 as part of the Infrastructure Investment and Jobs Act (IIJA).