Under the leadership of President Trump, the US has adopted a new trade policy that may lead to the adoption of trade measures on imports from the EU. Given the importance of the US/EU trade relationship and the EU’s stated commitment to a free trade environment, the EU has said that it will adopt measures
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U.S. AI Export Controls and Strategic Shifts Under the Trump Administration
In recent days, the Biden administration’s reliance on export controls to curb China’s AI advancements has come under increasing scrutiny, particularly following the release of China’s DeepSeek R1 chatbot. This development raises concerns that prior U.S. restrictions have failed to slow China’s progress while potentially undermining U.S. global competitiveness in AI hardware and computing ecosystems.…
DOGE and a New Senate Caucus May Further Empower Inspectors General
By Clark Ervin
In the flurry of developments last week in the run-up to the inauguration, it was easy to overlook one that could have significant and positive impact by making government more effective, efficient, and economical.
On January 17, 2025, Senators Joni Ernst (R-IA) and Chuck Grassley (R-IA) announced the launch of a bipartisan Inspector General Caucus.…
Trump’s Foreign Policy: Initial Implications for Businesses & Investors
President-elect Trump’s foreign policy is beginning to take shape, based on pre-inaugural diplomacy and his appointments to date. Uncertainties abound, from unexpected world events—such as a sudden regime change in Syria—to Trump’s mercurial nature, the congressional confirmation process, and how his team settles into producing policy.…
Sunsetting Tax Cuts Suggests a Shift to Business Protection Mode
Originally published by Bloomberg Tax
Businesses should prepare to defend against trillions of dollars in adverse tax changes in 2025 as Congress considers how to pay for extensions in the Tax Cuts and Jobs Act—despite pledges from Republicans to protect their signature 2017 law.
Congressional leaders are preparing to consider major tax legislation under expedited…
Transforming Defense: How Private Market Experience Among Key Defense Nominees Under Trump Could Revolutionize Pentagon Innovation
The incoming Trump Administration’s announced defense leadership nominees, with deep private market expertise, signal a potential shift in the Department of Defense’s (DOD’s) ability to harness innovation from venture-and private equity-backed companies developing dual-use technologies. Historically, leadership interest in leveraging commercial innovation in this context has primarily resided at the Office of the Secretary of…
Elections Edge: A 2024 Elections Weekly Snapshot
With just weeks until Election Day, stay updated on the latest presidential race developments, as well as the House and Senate races, with our weekly Elections Edge 2024 election newsletter.
In one month, on November 5, Americans will head to the polls, concluding the race to send Vice President Kamala Harris or former President Donald…
Webinar: The REPO Act – Political and Legal Impacts for International Businesses
Congress recently passed the Rebuilding Prosperity and Opportunity for Ukrainians (“REPO”) Act, bipartisan legislation authorizing the Administration to seize billions of dollars in Russian sovereign assets to fund Ukraine reconstruction and aid.The legislation raises issues that could have political and legal consequences – for companies and individuals.
Join members of the firm’s Policy and Government…
New CFIUS Rules to Enhance Enforcement and Investigation Activities
On April 11, 2024, the Committee on Foreign Investment in the United States (CFIUS), a multi-agency committee administered by the U.S. Treasury Department, released a proposed rule (“Proposed Rule”) to amend the CFIUS regulations.[1] The Proposed Rule seeks “to enhance the Committee’s identification and resolution of national security risks” by expanding the scope…
Biden Budget Proposal Advances AI Priorities
On March 11, 2024, US President Joe Biden released his Fiscal Year (FY) 2025 budget request, which included proposals on U.S. Artificial Intelligence (AI) development and efforts to implement the Biden Administration’s Executive Order (EO) on AI. The budget identifies the National Science Foundation (NSF) as central to U.S. leadership in AI, requesting $10.2 billion…