All articles tagged with #ieepa
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.
White House advisers clash over how to implement a threatened 50% tariff on countries that supply weapons to Iran, with Kevin Hassett arguing IEEPA emergency powers could justify action in a state of conflict while Jamieson Greer cautions IEEPA cannot authorize peacetime tariffs and other tools would be needed; the Supreme Court previously limited IEEPA’s tariff authority, leaving the plan legally uncertain and likely to face court challenges as the administration pursues other tariff powers.
Costco said it will pass along any tariff refunds it receives to members after Trump-era tariffs were ruled unconstitutional, having already lowered prices where tariffs fell and pursuing refunds of IEEPA-based duties via a federal lawsuit; the company plans to rebalance value for members with refunds reflected through future lower prices once refunds are obtained.
After vowing easy refunds for unlawfully collected IEEPA tariffs, the government faced the Supreme Court ruling and a court-ordered refunds, but CBP now says it cannot deliver refunds at scale, citing ACE software limitations and other logistical hurdles. The controversy hinges on judicial estoppel and massive refund logistics: roughly $166 billion in duties across more than 53 million entries by over 330,000 importers, with around 20 million entries unliquidated; CBP says it would take 45 days to build new functionality to process refunds. Critics say the administration misrepresented the ease of refunds to win injunctions and must follow through with actual delivery.
US Customs and Border Protection says its automated processing system can’t handle the scale of refunds from Trump-era tariffs, delaying billions in rebates even as courts order refunds with interest. The agency notes about $166 billion in IEEPA duties have been collected and that processing the 53.2 million entries would take more than 4.4 million hours with the current ACE system, but it plans a streamlined, importer‑focused system that could be up and running in about 45 days with new filing guidance, amid ongoing lawsuits from Nintendo, FedEx, Costco and others.
Nintendo of America has sued the U.S. government (Treasury, Homeland Security and Customs) over 2025 tariffs imposed under IEEPA, seeking refunds with interest for duties it paid. The move follows a Supreme Court ruling that the tariffs were illegal and a New York judge signaling refunds may be due, and comes as the tariffs raised Switch prices and delayed pre-orders for the Switch 2.
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.
Nintendo of America is suing the U.S. government in the Court of International Trade to recover duties paid under Trump-era tariffs, seeking a prompt refund with interest after the Supreme Court ruled the use of IEEPA to levy reciprocal tariffs illegal; refunds guidance remains unclear, and the move comes as Nintendo adjusted Switch 2 pricing due to tariffs (a development echoed by FedEx pursuing refunds).
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.
CBP told a federal court it cannot immediately refund reciprocal tariffs imposed under the International Emergency Economic Powers Act after the Supreme Court ruled them illegal, citing limitations in its current technology and processes. The agency plans to roll out new functionality in its Automated Commercial Environment within about 45 days to handle refunds on an importer basis (rather than 54 million separate refunds), potentially starting by late April. The move affects roughly $166 billion in duties collected, with hundreds of thousands of importers and millions of entries involved, and follows Judge Eaton’s order to calculate costs and issue 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.
A Clinton‑appointed federal judge ordered the U.S. government to begin refunding roughly $130 billion paid under President Trump’s tariffs after the Supreme Court voided the duties as unauthorized under IEEPA. The order directs Customs and Border Protection to calculate refunds as if the tariffs never applied and confirms Eaton’s sole jurisdiction over the process, signaling a lengthy refunds process despite the administration considering an appeal. The case was brought by Atmus Filtration, Inc. and affects more than 1,000 importers.
A U.S. trade court ordered Customs and Border Protection to finalize import-entry costs without the tariffs deemed illegal by the Supreme Court and to issue refunds with interest, potentially totaling billions for many shipments. The process is described as unprecedented in scale and could take months, with about 2,000 lawsuits seeking refunds and more than $130 billion collected under IEEPA.
A federal court (US Court of International Trade) ordered Customs and Border Protection to issue refunds for tariffs imposed under the International Emergency Economic Powers Act after the Supreme Court struck them down, covering thousands of import entries and marking a setback for the Trump administration as it looks to replace the tariffs; the refund process remains unclear and questions linger about future trade policy and any new global tariffs.