Need To Know: Section 122 Surcharges
Fact Sheet: The Section 122 Temporary Import Surcharge Following the recent Supreme Court ruling regarding IEEPA authority, the White House has moved quickly to implement a new trade measure under Section 122 of the Trade Act of 1974. This is a broad, temporary measure aimed at addressing the U.S. balance-of-payments deficit.+1 To help you navigate […]
CSMS # 67834313 – Ending Collection of International Emergency Economic Powers Act Duties
CSMS # 67834313 – Ending Collection of International Emergency Economic Powers Act Duties The purpose of this message is to provide guidance regarding the February 20, 2026 Executive Order (EO), “Ending Certain Tariff Actions,” that terminates the collection of the additional ad valorem duties imposed pursuant to the International Emergency Economic Powers Act (IEEPA). GUIDANCEENDING IEEPA TARIFF […]
Supreme Court Strikes Down IEEPA Tariffs
Supreme Court Strikes Down IEEPA Tariffs In a landmark 6-3 decision issued today, February 20, 2026, the Supreme Court struck down a series of sweeping tariffs imposed by the Trump administration, ruling that the International Emergency Economic Powers Act (IEEPA) does not grant the President the authority to unilaterally levy taxes on imports. The consolidated […]
CBP Transitions to Mandatory Electronic Refunds: What Importers Need to Know
CBP Transitions to Mandatory Electronic Refunds: What Importers Need to Know As part of a broader push to modernize federal financial systems, U.S. Customs and Border Protection (CBP) has officially transitioned to issuing all mid-cycle and duty refunds exclusively via the Automated Clearing House (ACH). This change, which became effective in early February 2026, marks […]
U.S. Reaches Reciprocal Trade Deal with Taiwan
U.S. Reaches Reciprocal Trade Deal with Taiwan U.S. Trade Representative Jamieson Greer and Taiwan’s Vice Premier Li-chiun Cheng today, Feb. 12, signed an agreement with the goal of enhancing reciprocal trade between the U.S. and Taiwan. Under the agreement,Taiwan will eliminate or reduce 99% of tariff barriers on U.S. goods and provide preferential market access […]
JOINT STATEMENT ONUNITED STATES – BANGLADESH AGREEMENT ON RECIPROCAL TRADE
JOINT STATEMENT ONUNITED STATES – BANGLADESH AGREEMENT ON RECIPROCAL TRADE Originally Posted Here The United States of America (the United States) and the People’s Republic of Bangladesh (Bangladesh) have agreed to an Agreement on Reciprocal Trade (Agreement) to strengthen our bilateral economic relationship. The Agreement will provide U.S. and Bangladeshi exporters unprecedented access to each […]
UNITED STATES-INDIA JOINT STATEMENT
UNITED STATES-INDIA JOINT STATEMENT Originally Posted Here: The United States of America (United States) and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement). Today’s framework reaffirms the countries’ commitment to the broader U.S.-India Bilateral Trade Agreement (BTA) negotiations, launched by […]
Trade in 2026: Enforcement Challenges and Refund Opportunities
Trade in 2026: Enforcement Challenges and Refund Opportunities Navigating the Trade Landscape: Why You Should Join the “Trade in 2026” Webinar As we move into 2026, the international trade community is still adjusting to the massive tariff overhauls and policy shifts that defined 2025. For importers and trade professionals, this year represents a critical turning […]
Section 232 Import Duties on Semiconductors and their Derivative Products
Section 232 Import Duties on Semiconductors and their Derivative Products The purpose of this message is to notify you about a recent Presidential Proclamation. On January 14, 2026, the President of the United States issued the proclamation, “Adjusting Imports of Semiconductors, Semiconductor Manufacturing Equipment, and Their Derivative Products into the United States.” Pursuant to Section […]
NCBFAA Customs Committee Provides Customs Broker Members Insights to Prepare for Feb. 6 CBP Electronic Refunds Rule
NCBFAA Customs Committee Provides Customs Broker Members Insights to Prepare for Feb. 6 CBP Electronic Refunds Rule Effective Feb. 6, Customs and Border Protection (CBP) will issue all refunds electronically via Automated Clearing House (ACH) (subject to limited exceptions), as announced in the Electronic Refunds Interim Final Rule published Jan. 2, 2026 in the Federal […]