On March 20, 2026, the U.S. Court of International Trade expanded its IEEPA refund order to include tariffs on Brazil and India but continued the pause on immediate enforcement. CBP is developing the ACE CAPE system to handle electronic submission, validation, and processing of IEEPA tariff refund claims for importers nationwide.
The United States Trade Representative has initiated Section 301 investigations into 60 economies over failure to enforce bans on goods produced with forced labor. The review will assess whether these practices burden U.S. commerce. Public comments are due April 15, 2026, with hearings scheduled for April 28 as consultations begin.
The U.S. Trade Representative has initiated Section 301 investigations into structural excess manufacturing capacity in 16 economies, including China, the European Union, and Mexico. The review will assess whether foreign acts or policies unfairly burden or restrict U.S. commerce. Public comments open March 17, 2026.
On March 6, 2026, CBP advised the U.S. Court of International Trade that it is developing Automated Commercial Environment (ACE) functionality to process IEEPA duty refunds for more than 53 million entries following the ruling by the Supreme Court of the United States that IEEPA does not authorize tariffs.
Following the Supreme Court decision on Feb. 20, 2026, the administration implemented a temporary 10% import surcharge under Section 122, effective Feb. 24. The measure targets persistent U.S. balance-of-payments deficits and dollar pressures. CBP issued guidance detailing affected imports, exemptions, and reporting requirements.
The Supreme Court ruled that IEEPA does not authorize the President to impose tariffs, ending reciprocal, fentanyl, and Brazil-related measures effective February 23, 2026. CBP guidance issued on February 22, 2026 confirms termination of IEEPA duty collection and deactivation of related HTSUS numbers in ACE beginning February 24, 2026.
On February 20, President Trump imposed a 10% ad valorem duty under Section 122 of the Trade Act of 1974, effective February 24 for 150 days. Related executive orders direct agencies to wind down IEEPA tariffs and maintain the suspension of de minimis treatment. CBP's latest guidance confirms de minimis suspension and updated filing requirements.
The U.S. finalized a trade agreement with Indonesia, removing tariffs on over 99% of U.S. exports while maintaining a 19% reciprocal tariff. The deal addresses non-tariff barriers, strengthens digital trade and intellectual property protections, and includes $33 billion in commercial agreements across energy, aerospace, agriculture, and critical minerals.
The United States and North Macedonia finalized a trade agreement to strengthen economic ties. North Macedonia will remove tariffs on all U.S. industrial and agricultural goods. The U.S. will maintain a 15% tariff on most North Macedonian products, with select items at 0%. The deal also addresses non-tariff barriers, digital trade, and energy security.
The U.S. and Bangladesh finalized a Reciprocal Trade Agreement to expand bilateral trade. Bangladesh lowers duties on U.S. goods, while the U.S. applies a 19% reciprocal tariff, with selected products eligible for zero tariffs. The deal addresses non-tariff barriers, labor, environment, digital trade, and includes $3.5B in agriculture and $15B in energy deals.
Established in 1901, GHY International is a leading trade and brokerage services provider that offers acclaimed support and guidance to North American companies that trade internationally.
Proud to partner with Canadian Manufacturers & Exporters.
Copyright © GHY International | Geo. H. Young & Co. Ltd.