Ongoing tariff and trade tensions across the globe have led many businesses to adapt, or consider adapting, their operations to avoid or minimise impacts of tariffs and other trade restrictions. In this Tariff and Trade Alert, we discuss the distinction between lawful and reasonable adaptions and illegal circumvention that businesses should be aware of.

On 23 May 2025, the US provided for an immediate relief of sanctions against Syria by the implementation of Syria General License (GL) 25. A few days later, the Council of the EU followed up with the adaptation of legal acts lifting all economic restrictive measures on Syria, apart from measures targeting security. Similar measures are also taken by UK authorities.

Wikborg Rein has achieved a top ranking in this year’s Prospera survey. Among the largest clients in the country, Wikborg Rein has been ranked as the preferred law firm.

Today, the EU adopted its 17th package of sanctions against Russia following the invasion of Ukraine in 2022, targeting primarily the Russian shadow fleet. The new package follows in the footsteps of the UK, who announced their largest package of sanctions against the shadow fleet earlier in May. The UK also announced more than one hundred additional designations today.

The 'Liberation Day' tariffs announced by President Trump in April 2025 have substantially altered the international trade landscape, generating widespread uncertainty among businesses and industries. In particular, potential countermeasures and trade agreements have to a large extent been unresolved issues that many are eagerly awaiting.

On March 25, 2025, the US Department of Commerce’s Bureau of Industry and Security (BIS) added 80 entities from China, the United Arab Emirates (UAE), South Africa, Iran, Taiwan, and other countries to the Entity List for activities deemed contrary to US national security and foreign policy. This represents another measure in the ongoing trade war between the US and China.

In this update, we provide a key overview of the recent developments within tariffs and trade restrictions, in light of the current geopolitical landscape and discuss implications for businesses, alongside strategies for navigating these challenges moving forward.

Foreign direct investment and national security

Responsible business and human rights

Anti-Money Laundering

Carbon Capture & Storage (CCS)

Trade Restrictions, Customs and Tariffs

Investigation and Crisis Management

Ship and rig recycling

International Trade

Corporate Criminal Liability

Sanctions and Export Controls

ESG, compliance and risk management

Sustainability, climate and environment

Fisheries and Aquaculture

Shipping

Dispute Resolution

Partner

Tine provides advice within a wide range of compliance related topics, both on the preventive and the responsive side. Her core areas of expertise are sanctions and trade compliance, anti-corruption, anti-money laundering and responsible business including human rights and the Norwegian Transparency Act. 

She has worked on several international investigations related to corruption or other forms of misconduct, and headed crisis management teams established to handle the coordination between the investigators, legal advisors in several jurisdictions as well as advisors within other disciplines. Furthermore, Tine has considerable experience advising on international sanctions and trade compliance, where she provides advice from a multi-jurisdictional perspective, and is responsible for the firm's Trade Compliance & Sanctions Team. 

Tine works with various sectors, but particularly industry, shipping and the energy/petroleum sectors. She also has practical experience from her time working as an in-house legal advisor in the compliance department of two larger industry corporations. 

Tine is ranked as a Next Generation Partner by Legal500 where it is quoted: 

‘Tine Vigmostad is probably one of the best sanctions lawyers in Norway.’

‘Tine Vigmostad has in depth knowledge and practical in-house experience that makes her advice tailored and practical for our operational needs. This makes a huge difference from many other law firms that have a more theoretical approach.’

Oslo

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Tine provides advice within a wide range of compliance related topics, both on the preventive and the responsive side.

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