tldrdailynews.com logo
Tag

Court Of International Trade

All articles tagged with #court of international trade

US explores settlement path to refund billions in tariffs after Supreme Court ruling
business1 month ago

US explores settlement path to refund billions in tariffs after Supreme Court ruling

U.S. Customs and Border Protection heads to the Court of International Trade to negotiate returning billions in tariffs deemed illegal by the Supreme Court, with Phase 1 refunds of about $90 billion already approved and roughly $22 billion sent to the Treasury. The next phase covers more complex, liquidated tariffs that often require lawsuits, a hurdle for smaller importers, and some groups are pushing for a class action to streamline refunds. The hearing is framed as settlement talks as the court weighs how broad a remedial order can be.

via CNBC|
#business#court-of-international-trade#customs
politics1 month ago

White House fights to limit tariff refunds in high-stakes court clash

The White House is resisting broad refunds of tariffs it collected under a 1977 law, arguing refunds aren’t required even after a court ordered universal refunds; the DOJ has appealed while importers plan litigation. About $85 billion in refunds have been approved so far, with tens of billions more potentially at stake, setting up a fight that could reach higher courts.

via Politico|
#court-of-international-trade#politics#refunds
Court rules Trump’s 10% tariffs unlawful, orders refunds
politics2 months ago

Court rules Trump’s 10% tariffs unlawful, orders refunds

A U.S. Court of International Trade ruled 2-1 that the Trump administration’s global 10% tariffs under Section 122 were unlawful, ordering the government to stop collecting duties from Washington state and two plaintiffs and to refund the tariffs with interest. The decision said Section 122 requires a balance-of-payments deficit, not the deficits the administration cited, and did not issue a universal injunction against the tariffs. The White House may pursue longer-lasting tariff moves after investigations, but this ruling curtails this round of duties for the plaintiffs involved.

via CBS News|
#court-of-international-trade#politics#refunds
Court rules Trump’s 10% global tariffs illegal in key setback for trade policy
business2 months ago

Court rules Trump’s 10% global tariffs illegal in key setback for trade policy

A US Court of International Trade ruled that Donald Trump’s 10% global tariffs imposed under Section 122 of the Trade Act of 1974 were unauthorized by law, applying only to the two companies in the case and not suspended broadly. The decision adds to legal headwinds against his trade agenda and hinges on whether balance-of-payments deficits are the same as a trade deficit. The White House did not comment, while ongoing Section 301 investigations could lead to new duties, with the baseline tariff set to expire in late July.

via Financial Times|
#balance-of-payments-deficits#business#court-of-international-trade
politics2 months ago

Court finds Trump's replacement tariffs unlawful, grants narrow relief

A divided U.S. Court of International Trade ruled that Trump’s 10% replacement tariffs, imposed under Section 122 of the Trade Act of 1974, are unlawful; the injunction covers only Washington state and two companies (Burlap & Barrel and Basic Fun!), leaving nationwide collection in place for now and likely prompting an appeal as the administration continues to pursue tariffs under other authorities.

via Politico|
#burlap-and-barrel#court-of-international-trade#politics
Court weighs Trump's global tariffs after Supreme Court setback
economy3 months ago

Court weighs Trump's global tariffs after Supreme Court setback

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.

via PBS|
#court-of-international-trade#economy#ieepa
politics3 months ago

Trade court weighs Trump's 10% replacement tariffs under an old law

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.

via Politico|
#balance-of-payments#court-of-international-trade#politics
Court weighs Trump’s Section 122 tariffs after Supreme Court setback
business3 months ago

Court weighs Trump’s Section 122 tariffs after Supreme Court setback

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.

via NBC News|
#business#court-of-international-trade#section-122
Nintendo sues over tariffs blamed for Switch 2 pre-order delays
business4 months ago

Nintendo sues over tariffs blamed for Switch 2 pre-order delays

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.

via Mashable|
#business#court-of-international-trade#ieepa
Tariff Refunds Delayed as Courts and CBP Grapple with Massive Payouts
business4 months ago

Tariff Refunds Delayed as Courts and CBP Grapple with Massive Payouts

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.

via Axios|
#business#cbp#court-of-international-trade
Courts push rapid rollout of Trump-era tariff refunds
business4 months ago

Courts push rapid rollout of Trump-era tariff refunds

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.

via Axios|
#business#court-of-international-trade#customs-and-border-protection
politics4 months ago

Tariff Refund Logjam Triggers Wave of Lawsuits Against White House

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.

via Politico|
#court-of-international-trade#lawsuits#politics
US Court Blocks Trump Tariffs, Challenging Trade Strategy
politics1 year ago

US Court Blocks Trump Tariffs, Challenging Trade Strategy

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.

via Politico|
#administration-response#court-of-international-trade#judicial-decision