Here is the basic shape of Section 122 as of June 1. The administration invoked it on February 20, the same day the Supreme Court struck down IEEPA, as a backup plan to keep a 10% across-the-board surcharge on most imports while a more permanent replacement was built. It took effect on February 24. It…
Here is the basic shape of the IEEPA refund situation as of early June. The Supreme Court invalidated the tariffs in February. The government had collected roughly $166 billion under them. Customs and Border Protection has now refunded approximately $20.6 billion, with another $85 billion accepted for processing through the new CAPE portal that opened…
In just a few weeks, the US and Mexico will begin the first bilateral negotiating round to discuss the future of the US-Mexico-Canada Agreement. The initial high-stakes joint review of the trade agreement will take place in July. This performance review, so to speak, is mandated in the initial deal, and if the terms are…
Yesterday, U.S. Central Command announced that two American-flagged merchant vessels successfully transited the Strait of Hormuz, escorted by guided-missile destroyers that had entered the Persian Gulf as part of what the White House is calling Project Freedom. “American forces are actively assisting efforts to restore transit for commercial shipping,” CENTCOM posted on X. The market’s…
U.S. Customs and Border Protection (CBP) has confirmed that the CAPE (Consolidated Administration and Processing of Entries) refund process for IEEPA duties will go live on Monday, April 20, 2026. This development establishes the official pathway for submitting IEEPA refund claims through the ACE Portal (see our full list of resources here). While the system…
A geopolitical dispute over the Panama Canal has spilled into the shipping lanes, and the ripple effects are being felt across global supply chains. Over the past several weeks, China has dramatically increased its detention of Panama-flagged vessels at Chinese ports. U.S. officials are calling it economic retaliation dressed up as maritime enforcement. How…
FOR IMMEDIATE RELEASE March 2026 Milwaukee, WI — Milwaukee-based M.E. Dey & Co., a 119-year-old Customs Broker and Freight Forwarder, is proud to announce a planned leadership transition that reinforces the company’s long-term commitment to family ownership, innovation, and growth. This transition marks the continuation of the company’s legacy into its fifth generation of family…
In a 6–3 decision, the Court ruled that the President does not have authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The administration had relied on that 1977 statute to justify broad “reciprocal” duties and additional tariffs tied to trade deficits and fentanyl concerns. SCOTUS said that’s not what the law…
Escalating military strikes between the U.S., Israel, and Iran have pushed one of the world’s most critical trade corridors into crisis. Following Iranian retaliation and the announcement that navigation through the Strait of Hormuz has been closed, global shipping, energy and containerized cargo alike, is facing severe disruption. What began as targeted military action has…
For businesses that import goods into the United States, understanding how and why U.S. Customs and Border Protection (CBP) conducts audits is essential. CBP audits are not random “gotcha” events. They are a part of routine compliance oversight designed to ensure that importers follow U.S. customs laws and accurately declare goods, values, and duties. Below…