Tag: IEEPA
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The Supreme Court’s February 20, 2026 ruling striking down the use of the International Emergency Economic Powers Act (IEEPA) for tariff actions didn’t end the tariff era it fractured it. Within hours, the Administration pivoted to Section 122 of the Trade Act of 1974 and signaled a 10% global tariff. More authorities are already being…
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A SEISMIC SHIFT FOR U.S. TRADE AND A MASSIVE REFUND OPPORTUNITY FOR SMEs A Ruling That Resets the Balance of Power In a historic decision, the Supreme Court has struck down the use of the International Emergency Economic Powers Act (IEEPA) as a basis for imposing broad tariffs. The Court ruled that IEEPA intended for…
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Costco’s lawsuit against the U.S. government over tariffs is more than a corporate safeguard it’s a pivotal domino in a chain reaction that could reshape American retail, global trade, and presidential authority. With billions at stake, the case has shifted sentiment toward a Supreme Court ruling that may strike down the tariffs altogether. Background: The…
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Wall Street’s Tariff Refund Trade: A Billion-Dollar Bet on Judicial Reversal and Presidential Power In an unprecedented fusion of trade law, financial speculation, and constitutional brinkmanship, Wall Street firms are now buying up the rights to tariff refunds from U.S. importers wagers that hinge on the Supreme Court striking down President Trump’s emergency tariffs. This…
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Author: Maria Pechurina, Director of International Trade @ Peacock Tariff Consulting The current state of international trade between the U.S. and China is marked by ongoing negotiations, product and company-specific investigations, tariff impositions and attempts to secure mutual concessions. The arrangements are ever-evolving and the legal challenges like the IEEPA lawsuit create additional complexity. We aim to…
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In a sweeping and consequential decision, the U.S. Court of Appeals for the Federal Circuit has ruled that most of President Donald Trump’s global tariffs were unlawfully imposed under the International Emergency Economic Powers Act (IEEPA). The 7–4 ruling, delivered in late August 2025, marks a dramatic turning point in the ongoing debate over presidential…
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Author: Maria Pechurina, MA, Director of International Trade @ Peacock Tariff Consulting Introduction Last year, over 4 million packages entered the United States under the De Minimis exemption, with a trade value of roughly 1 billion USD. Just a decade ago, that figure stood at 140 million USD, a staggering increase tied mainly to e-commerce and…
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Introduction On August 7, 2025, the United States implemented one of the most sweeping tariff overhauls in recent history, targeting imports from over 25 countries and reshaping the cost structure of everything from apparel and electronics to food and fuel. With rates surging as high as 50%, the ripple effects are being felt across income…
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Trump’s Tariffs on Canada: A New Trade Flashpoint On July 31, 2025, President Donald Trump signed an executive order officially raising tariffs on Canadian goods entering the United States from 25% to 35%, effective August 1. This move marks a significant escalation in trade tensions between the two countries and has already sent ripples through…
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A surge of protective measures and retaliatory duties reshaped key supply chains in the final week of June and the opening days of July. For those in North America enjoying holidays here is recap of what’s happened and happening in the next few days United States 1. Section 232 Metals Tariff Hike 2. Tariff-Stacking Rule…