From AFOA General Counsel (Olsson Frank Weeda) on Monday, May 12, 2025:

Here you will find the most recent client memorandum providing a high-level overview of recent developments relating to the trade war.

Details include Monday’s announcement of the 90-day pause on the U.S. 125% country-specific reciprocal IEEPA tariff on China; the recent Fair, Open, and Reciprocal Trade Deal with the United Kingdom; trade negotiations with other nations, including the European Union, China, and India; and a new Section 232 investigation on imports of commercial aircraft, jet engines, and parts for commercial aircraft and jet engines.

We will continue to monitor this situation closely and will report all significant developments to you. In the interim, please do not hesitate to reach out to us with questions or requests for additional information.