All articles tagged with #court of international trade
A U.S. Court of International Trade hearing in New York is considering overturning President Trump's temporary global tariffs after the Supreme Court ruled IEEPA could not justify them; Trump may rely on Section 122 of the Trade Act of 1974, which would allow up to 15% global tariffs for 150 days with congressional approval, but questions remain about its applicability to trade deficits and the tariffs' July 24 expiration.
A three-judge panel at the U.S. Court of International Trade is weighing whether President Trump properly invoked the 1974 Trade Act to reimpose a 10% global tariff, a measure limited to 150 days and intended as a bridge after the Supreme Court struck down broader tariffs. The hearing highlighted uncertainties about applying a 1970s-era provision to today’s economy, with DOJ defending the authority and opponents arguing the statute is obsolete and may require clearer congressional authorization. A ruling could shape Trump’s tariff strategy and the broader trajectory of U.S. trade policy.
The U.S. Court of International Trade is hearing arguments to overturn Trump’s temporary global tariffs authorized under Section 122 of the Trade Act of 1974 after the Supreme Court struck down his IEEPA-based tariffs; the 10% (potentially up to 15%) tariffs are set to expire July 24, and the central issue is whether Section 122’s reference to “fundamental international payments problems” can cover a trade deficit, a point critics say is outdated and one the court has suggested may be unnecessary since Section 122 is already available.
Nintendo has filed a lawsuit in the U.S. Court of International Trade seeking refunds with interest for tariffs imposed under the IEEPA that it says were unlawfully charged, after the Supreme Court struck down those tariffs. The suit names the United States and multiple agencies and officials and argues Nintendo was harmed by the tariffs during Switch 2 pre-orders, requesting prompt reimbursement of duties paid plus attorney fees. The action is part of a broader wave of challenges to the Trump-era tariffs from various companies.
Nintendo has filed suit in the U.S. Court of International Trade to overturn tariffs imposed by the Trump administration and later deemed unconstitutional by the Supreme Court, seeking refunds (with interest) of more than $200 billion in duties paid on imports, and naming several federal agencies and officials as defendants.
A court reversed an order to immediately start Trump-era tariff refunds after a Supreme Court ruling found most of the tariffs unlawful. CBP says handling an unprecedented refund volume—about $165 billion—will require manual processing and new system functionality not ready for 45 days. The dispute centers on fast payouts versus administrative burden, as tariff entries liquidate and clawbacks become more complex.
The Court of International Trade ordered U.S. officials to begin processing refunds for Trump-era IEEPA tariffs, covering unliquidated entries and potentially about $175 billion owed to importers; Costco said it would pass refunds to customers through lower prices. The administration is pushing for delays and is likely to appeal, while the court scheduled a Friday hearing to detail how refunds will be executed, amid millions of entries affected and ongoing questions about the process.
The Supreme Court ruled Trump’s tariffs unlawful, but the administration is slowing refunds and reportedly weighing indefinite delays, delaying a general repayment framework. More than 2,000 refund-related cases are already pending in the U.S. Court of International Trade, with trade groups warning the case-by-case approach could overwhelm the court and drag out refunds for years. Democrats have proposed legislation to issue full refunds with interest and to require pass-through to consumers, while some companies (e.g., Nissan, FedEx) have begun filing lawsuits. The White House blames the Supreme Court for lack of clarity, but legal and trade experts say the administration has options to administorily process refunds and avoid a flood of lawsuits.
The Court of International Trade invalidated President Trump's use of a 1977 law to impose reciprocal tariffs, but the White House remains confident in continuing its tariff policies, dismissing the ruling as a minor setback and preparing to appeal, while criticizing the judiciary and emphasizing the emergency nature of the tariffs.
European stocks rose after a U.S. court blocked President Trump's tariffs, with Goldman Sachs suggesting the White House will find alternative ways to impose tariffs, potentially increasing market uncertainty. The U.S. dollar strengthened slightly, and global markets responded positively to the court ruling.