Last mentioned: Mar 5, 2026
CIT Refund Order
The Court of International Trade orders CBP to begin issuing automatic refunds for IEEPA duties.
CIT Refund Order
Court of International Trade orders CBP to begin automatic refunds of IEEPA duties.
Section 122 Pivot
President Trump issues a proclamation for a new 10% tariff under Section 122 of the Trade Act of 1974.
Supreme Court Ruling
The U.S. Supreme Court strikes down the IEEPA tariffs as an unconstitutional use of executive power.
Section 122 Pivot
Administration issues a 10% across-the-board tariff under Section 122 of the Trade Act of 1974.
SCOTUS Ruling
The U.S. Supreme Court strikes down the IEEPA tariffs as an overreach of executive power.
IEEPA Tariffs Imposed
President Trump implements broad tariffs under the International Emergency Economic Powers Act.
IEEPA Tariffs Imposed
President Trump levies broad tariffs under the International Emergency Economic Powers Act.
The Court of International Trade has ordered U.S. Customs and Border Protection to automatically refund duties collected under the International Emergency Economic Powers Act. While the ruling provides a potential liquidity boost for retailers, ongoing legal appeals and the shift to Section 122 tariffs maintain a complex trade environment.
The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to automatically refund duties collected under the International Emergency Economic Powers Act. This follows a Supreme Court ruling striking down the tariffs, though the government is expected to appeal the refund mandate.