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Customs ordered to refund $166bn in tariffs but it can’t comply (yet)

  • CBP says it should have electronic systems in place to help begin IEEPA refund process in 45 days; it currently ‘is not able to comply’ with order
  • 24 US states filed suit against the Trump administration, arguing that 10% Section 122 tariffs are illegal; administration could hike rate to 15% within days
  • Appeals petition has been filed with SCOTUS challenging adjustments to Section 301 tariffs; SCOTUS could decide whether to take the case this month

  • Analysis

The landmark ruling against IEEPA tariffs has been followed by a flurry of legal action: importers are moving to get IEEPA refunds, US states are fighting against the new Section 122 tariffs, and an appeal against adjustments to Section 301 tariffs is seeking a SCOTUS hearing

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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