Editor

Adam M. Smith

Partner

Recent China Actions Elevate Conflicts of Law Risks for Global Companies; Trump-Xi Summit Signals Hope for “Détente” in Some Areas

Despite recent high-level U.S.-China talks, several recent developments in China have elevated international trade-related compliance risks and challenges for companies with commercial ties to mainland China or dealings with Chinese counterparties.  While it is unclear the extent to which these developments move the needle in terms of practical legal and enforcement implications in China, there…

2026 Life Sciences Industry Outlook: Regulatory Environment

Welcome to Part 5 of our 2026 Life Sciences Industry Outlook series. Today, we are wrapping up the week with a review of the regulatory environment for life sciences companies in 2025 and our expectations for what 2026 could bring. In 2025, life sciences companies faced a fast-moving regulatory environment shaped by the Trump administration’s…

What Life Sciences Companies Should Know About the New Trade Fraud Task Force

On August 29, 2025, the Department of Justice (DOJ) launched the Trade Fraud Task Force that will coordinate efforts between DOJ’s Civil and Criminal Divisions and the Department of Homeland Security (DHS) to bring enforcement actions against importers who unlawfully evade tariffs and other customs duties, as well as against parties who unlawfully import prohibited…

Impact of Current and Proposed Tariffs on Pharmaceutical Products

Pharmaceutical products from China continue to be subject to the fentanyl-related emergency tariffs (20%) and are expected to be subject to national security tariffs to be announced under Section 232 of the Trade Expansion Act of 1962, despite the recently announced “exemption” from the so-called “reciprocal tariffs” announced on April 2, 2025. We expect the…

Navigating the Impact of Emergency Tariffs on Biotech Manufacturing with Chinese Counterparties

The recent imposition of emergency tariffs on products from China and Hong Kong has raised significant concerns for biotech companies, particularly those considering or currently engaged in manufacturing contracts with Chinese entities. This post aims to provide an overview of the recent emergency tariffs targeting China and their potential implications for the biotech industry.