On August 21, 2026, trade negotiations between the United States and Canada faltered and the parties, for now, have ceased further negotiations. As a result, the United States has implemented 50% tariffs on a broad range of Canadian products under Section 338 of the Tariff Act of 1930. First announced on July 20, 2026 (see SmarTrade update of July 21, 2026), when President Donald Trump signed three Presidential Proclamations imposing these additional, implementation of these tariffs was delayed until August 22,...
For EU antitrust investigations, a U.S. company cannot rely on U.S. attorney-client privilege to prevent the Commission from demanding U.S.-located documents, particularly communications with in-house counsel. The context is an EU antitrust investigation into Broadcom/VMware’s licensing practices (VMware virtualization-software licensing practices following Broadcom’s 2023 acquisition of VMware, including moving customers from perpetual licenses to subscriptions, bundling VMware products, significant price increase, contractual terms that could increase customer lock-in, restrict interoperability, or make it harder for customers to switch).
What happened
The...
In this week’s Roar: Global trade remains robust, the U.S.-Asia trade war, diesel prices are up and so are global air freight rates, and how far global CEOs will go to mitigate risk.
So far this year, global trade has remained surprisingly robust, especially from China. But shipping lines and ports still face challenges as empty containers pile up in the U.S. and Europe. The East-West trade imbalance is worsening, driving port congestion that hinders efficiency and burdens carriers with zero-revenue...
The US dollar is trading higher against nearly all the currencies.
Equity markets are mixed and bond yields are lower alongside oil prices. There are two major developments. First, the US and Canada trade talks broke down, and the risk is further escalation. Last week, President Trump has granted Canada a three-day grace period from the 50% tariffs on $20 bln of Canadian goods, even those that were protected by the USMCA saying a deal was struck. Canadian Prime Minister...
Key Points:
President Trump suspended additional ad valorem duties of up to 50% on certain Canadian imports under Section 338 of the Tariff Act of 1930 for three days, shifting the effective date from August 19 to August 22, 2026, covering the alcoholic beverages, dairy, and motor vehicles sectors.
Companies with Canadian supply chain exposure in the Covered Sectors should monitor developments closely, as ongoing negotiations may result in further presidential action — including an extension, permanent revocation, or imposition of...
The European Union has laid the foundations for a new system for health data. After years of political wrangling, the European Health Data Space (“EHDS”) Regulation has now entered into force. This creates a framework to improve access to electronic health data and facilitate its use for research, innovation and regulatory purposes across the EU.
For life sciences companies, universities, NHS partners, CROs and technology transfer offices, this is not simply a regulatory change. It has the potential to change...