📰 Tariff Newsletter
Latest news and updates on US trade tariffs and import regulations.
Court of International Trade Clarifies Broad IEEPA Tariff Refund Eligibility - Kelley Drye & Warren LLP
Court of International Trade Clarifies Broad IEEPA Tariff Refund Eligibility Kelley Drye & Warren LLP
CIT Expands IEEPA Tariff Refund Order to Include Finally Liquidated Entries - thompsonhinesmartrade.com
The Court of International Trade (CIT) has significantly expanded its April 2024 order in the ongoing Huaihe case, now directing U.S. Customs and Border Protection (CBP) to process refunds for certain Section 301 tariffs even on entries that have been finally liquidated . This critical development means that importers who paid the increased duties under the International Emergency Economic Powers Act (IEEPA) on speci…
Tariff-hit industries struggling as trade war drags into second year - Truck News
Tariff-hit industries struggling as trade war drags into second year - Truck News
What is the World Trade Organization e-commerce moratorium that stops tariffs on digital downloads and streaming? - Reuters
The World Trade Organization (WTO) recently extended its long-standing moratorium on customs duties for electronic transmissions, a critical decision for global digital trade. This moratorium prevents WTO member countries from imposing tariffs on digital products and services that are transmitted electronically across borders. The latest extension was agreed upon at the 13th Ministerial Conference (MC13) held in Abu …
Trump’s tariff war has failed on every front - The Business Times
A recent study by the Peterson Institute for International Economics (PIIE), as reported by The Business Times, concludes that former President Donald Trump's "tariff war" largely failed to achieve its stated objectives. The primary goals of these tariffs were to reduce the United States' trade deficit, bring manufacturing jobs back to the U.S., and compel trading partners, particularly China, to alter what were deem…
FedEx and UPS charged fees for collecting tariffs. Now, customers want that money back. - Business Insider
Importers and trade compliance professionals should be aware of a growing issue concerning fees charged by major carriers, specifically FedEx and UPS, for the collection of Section 301 tariffs on goods imported from China. These "ancillary fees" or "brokerage fees" were levied for the service of collecting tariffs that were imposed by the U.S. government. The core of the current dispute is that these fees were often …