Supreme Court Review of IEEPA Tariffs: Guidance for Importers

Supreme Court Review of IEEPA Tariffs: Guidance for Importers

Developments in the legality of the IEEPA tariffs challenged in Supreme Court continue to be closely monitored.  Importers should proactively consider options, in consultation with their trade attorney, to protect their interests should the court rule those tariffs unlawful. Key Takeaways Court of International Trade (CIT) ruling: CIT confirmed its authority to order reliquidation and refunds…

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US and Switzerland Strike Trade Agreement

US and Switzerland Strike Trade Agreement

The United States has reached a historic trade and investment agreement with Switzerland and Liechtenstein, creating new opportunities for US companies. The deal reduces trade barriers, giving manufacturers, exporters, and agricultural producers improved access to Swiss and Liechtenstein markets. A key feature of the agreement is the updated tariff structure. Switzerland and Liechtenstein will pay…

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Supreme Court Reviews Legality of IEEPA Tariffs

Supreme Court Reviews Legality of IEEPA Tariffs

Today, the US Supreme Court will hear oral arguments in two consolidated cases challenging the legality of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). At issue are two major sets of tariffs: Global “Reciprocal” Tariffs: A baseline 10% tariff on most US trading partners, with higher rates on select countries. Fentanyl-Related Tariffs:…

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Canada Extends Tariff Relief for Businesses Impacted by US Countermeasures

Canada Extends Tariff Relief for Businesses Impacted by US Countermeasures

François-Philippe Champagne, Minister of Finance and National Revenue, has announced extended relief measures to help Canadian businesses affected by tariffs imposed by the United States. To protect Canadian workers and minimize the economic impact of the surtaxes, the government is extending key exemptions for an additional two months: Manufacturing and Agricultural Inputs: The current exemption…

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