Tag: IEEPA
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Fresh government trade data released Monday show the average U.S. tariff burden fell to 7.1 percent in June, even as the administration finished rebuilding its global tariff wall on a new legal foundation that courts are already testing. WASHINGTON, Aug. 12, 2026 The most detailed picture yet of America’s post Supreme Court tariff landscape emerged…
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New data show the average US effective tariff rate fell to 7.1 percent as Customs certifies roughly 100 billion dollars in refunds from the invalidated IEEPA tariffs, the largest duty repayment operation in American history WASHINGTON, August 11, 2026 Six months after the Supreme Court struck down the emergency tariffs that defined the opening year…
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Customs and Border Protection tells the Court of International Trade it has returned 100 billion dollars of invalidated emergency-powers duties, but the hardest 11.4 billion dollars remains frozen behind a Justice Department appeal WASHINGTON, August 8, 2026 United States Customs and Border Protection has paid out 100 billion dollars in refunds of tariffs collected under…
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Treasury has pushed roughly 100 billion dollars of struck-down emergency tariffs back to importers. A growing line of consumer class actions is now asking whose money it was in the first place By the Trade Desk, Peacock Tariff Consulting WASHINGTON, August 7, 2026. Roughly 100 billion dollars in refunded tariff duties has been transferred to…
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More than 120 billion dollars in unlawful tariff collections are working their way back to American importers, but an appeals court fight and a wall of filing deadlines could decide who actually gets paid WASHINGTON, August 4, 2026. Nearly six months after the Supreme Court declared the administration’s emergency tariffs unlawful, the largest duty refund…
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The largest customs refund operation in American history has entered its final phase, returning tens of billions in unlawful IEEPA tariffs to importers, even as the government appeals the orders that made universal payback possible. WASHINGTON, Aug. 3, 2026 – The federal government’s machinery for returning unlawfully collected tariffs reached its most consequential stage in…
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Customs’ Phase 3 refund machinery for the invalidated IEEPA tariffs came due at the end of July, but a government appeal has frozen billions owed to importers who never filed suit, and the fight over who gets paid is intensifying. WASHINGTON, Aug. 2, 2026. The largest tariff refund operation in American history reached its most…
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Treasury pays back $49.2 billion in invalidated tariffs in a single month, flipping last June’s celebrated surplus into a $120 billion deficit, with less than half the refund bill settled and a new generation of duties queued up to replace the old ones By the US Trade Desk, Peacock Tariff Consulting WASHINGTON, July 14, 2026…
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The United States moved to open a sweeping new front in its trade agenda this week, with the U.S. Trade Representative determining that 60 economies together accounting for the overwhelming majority of America’s imports have failed to ban and enforce prohibitions on goods made with forced labor, and proposing additional tariffs of up to 12.5%…
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On May 7, 2026, the U.S. Court of International Trade handed the Trump administration its second major tariff defeat of the year. In a 2‑1 decision in the consolidated cases of State of Oregon v. Trump and Burlap and Barrel, Inc. v. Trump, a three-judge panel held that Proclamation 11012 the President’s 10 percent across-the-board…