Alerts

The Trump administration has revised the list of Canadian products subject to the 50% tariffs imposed under Section 338 of the Tariff Act of 1930. Effective October 30, 2026, the changes remove certain products from coverage while adding others, potentially creating significant cost implications for U.S. importers.

Businesses importing goods from Canada should promptly review the revised product list, confirm tariff classifications, and assess potential impacts on pricing, sourcing strategies, and supply-chain operations.

As investment opportunities across Africa's energy sector continue to grow, U.S. companies should be aware that sanctions, export controls, and trade compliance requirements can significantly affect project timelines, costs, financing, and operational feasibility.

Whether pursuing oil and gas projects, liquefied natural gas (“LNG”) infrastructure, or renewable and advanced energy technologies, companies that identify compliance risks early are better positioned to avoid costly delays and disruptions.

Illinois businesses participating in the digital asset marketplace will soon face a new layer of tax compliance and reporting obligations. Effective July 1, 2027, a first-of-its-kind Digital Asset Tax (DAT) will impose a 0.2% tax on the value of certain digital assets, broadly defined to include cryptocurrencies, stablecoins, and other digital tokens used to store, transfer, or exchange value.

The DAT, which has been subject to legal challenges that delayed its January 1, 2027 originally scheduled implementation, will create new tax collection, reporting, and recordkeeping obligations for digital asset brokers, cryptocurrency exchanges, fintech companies, custodians, and other businesses serving Illinois customers. Organizations that facilitate digital asset transactions should use the additional lead time before implementation to evaluate potential exposure and prepare for compliance.

Businesses that rely on text message marketing just received some welcome news from the Seventh Circuit: consumers may no longer be able to bring private Do-Not-Call (DNC) claims based solely on marketing texts under one key provision of federal law. The decision significantly narrows a potential source of class action liability for companies operating in Illinois, Indiana, and Wisconsin.