King & Spalding

The United States and Canada are holding intense last-minute talks to prevent President Donald Trump from imposing 50% tariffs on $20 billion worth of Canadian products. This effort comes amidst decades of trade wrangling, where the U.S. is pressuring Canada to buy more American military equipment and access critical minerals. Negotiations aim to find a truce for both countries, who are wary of the potential economic fallout from high new tariffs.

The United States and Canada are currently engaged in intensive negotiations to prevent Donald Trump from imposing 50% tariffs on $20 billion worth of Canadian products. This effort comes amid tensions driven by Trump's tariff agenda, which marks a departure from the two allied nations' traditionally cooperative relationship. Both countries are seeking an off ramp while negotiating key issues such as critical minerals access and trade relief for commodities like steel and softwood lumber.

Crowell & Moring has hired Cristina Diaz as senior counsel in its Financial Services Group, where she will advise on banking and digital assets. King & Spalding has added Gloria Kim as a partner in its Finance and Restructuring practice group.

The Trump administration proposed 25% tariffs on Brazil over 'unreasonable' trade practices, citing lax anti-corruption enforcement and unfair tariffs. The Office of the U.S. Trade Representative conducted the investigation, and the plan excludes over half of U.S. imports from Brazil, including aircraft and minerals. The administration invoked Section 301 of the Trade Act of 1974 for the investigation.