2025 Insights: A First Look at Trump’s Second Term

Skadden Publication

The Global and Cross Border Outlook

Decoding Tariff Threats: What Importers Can Expect on Day 1 and Beyond
We outline the scope of a president’s powers to impose significant tariffs on Canada, Mexico and China, and the most likely scenarios.

In the US and Europe, Export and Import Controls May Be Expanded
The U.S., U.K. and EU are each expected to bolster restrictions on exports of strategically sensitive goods, and the EU and U.K. are moving toward enacting new laws banning imports of products made using forced labor.

China Merger Control Process Should Remain Navigable Even if Tensions Rise
Obtaining approval for mergers with a Chinese dimension is unlikely to change significantly even if U.S.-China tensions increase. But deal parties need to understand China’s strategic interests and how regulators factor those into reviews.

Political Changes Are Unlikely To Fundamentally Alter Key Sanctions
Government transitions in the U.S., U.K. and EU are unlikely to result in major changes in Russian sanctions in the short term, but the Trump administration may seek to impose new tariffs and export controls directed especially at China.

See the full 2025 Insights publication

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