Earlier this year, the Trump Administration invoked the International Emergency Economic Powers Act (IEEPA), a 1977 emergency statute, to impose sweeping import tariffs on various US-trade partners. These unprecedented IEEPA tariffs sparked immediate legal challenges by affected businesses and states, which argued the President overstepped authority. Lower courts have so far agreed. The Supreme Court must […]

In early 2025, the Trump administration shook global markets by imposing sweeping new tariffs on imports from major U.S. trading partners — including China, Mexico, and even Canada. Framed as a response to national security threats, these tariffs ranged from 10% to as high as 50% on certain goods. But what raised eyebrows was not […]

Whether importing commodities from Asia or exporting finished product to Europe, as with all things legal: terms matter. This reality is no less the case when selecting International Commercial Terms. Better known as “Incoterms” today, Incoterms are invaluable to domestic or international transactions in the modern era. Each year, they facilitate trillions of dollars of […]

In our second to last installment on Incoterms® 2020, we explore the last two terms used exclusively for sea and inland waterway transport: Cost and Freight (CFR) and Cost, Insurance, and Freight (CIF). These terms are widely used in international trade, especially for bulk commodities such as grains, metals, and minerals. Understanding these terms is […]

In our ongoing series on Incoterms® 2020, we explore the crucial aspects of international trade terms that define the responsibilities of buyers and sellers in global transactions. Building on our previous discussions, this installment focuses on two critical terms used exclusively for sea and inland waterway transport: Free Alongside Ship (FAS) and Free on Board […]

Building on our discussion of Incoterms® 2020 in our previous article, this installment delves into the last four Incoterms used for any mode of transportation: CIP, DAP, DPU, and DDP. These terms, pivotal for stakeholders in international trade, dictate the allocation of costs, risks, and responsibilities between buyers and sellers. Grasping these terms enhances negotiation […]

In our ongoing series on International Trade Terms, we dive deeper into the intricacies of Incoterms® 2020—a globally recognized set of standards defining the responsibilities of buyers and sellers in international transactions. Building upon our previous post that introduced Incoterms, this article focuses on the first three terms suitable for multiple modes of transportation: EXW […]

Import and export deals can be complex to navigate, including often confusing terminology. While terms in international transactions might be difficult to understand, businesses can save considerable headache by familiarizing themselves with International Commercial Terms. Better known as “Incoterms” today, Incoterms are crucial components of both domestic and international transactions. You or your business may […]