CIT Invalidates Section 122 Tariffs — What Importers Should Know Now
On May 7, 2026, the U.S. Court of International Trade (“CIT”) issued a major ruling striking down the Administration’s 10% global import surcharge imposed under Section 122 of the Trade Act of 1974. The decision represents another significant legal setback for the Administration’s tariff strategy and raises immediate questions for importers regarding enforcement, refunds, and preservation of rights. In a […]
Strait of Hormuz Closure- What You Need to Know
On February 28, 2026, geopolitical tensions in the Middle East escalated sharply following an Iranian attempt to close the Strait of Hormuz. The situation has rapidly evolved from diplomatic warnings to active kinetic conflict, severely disrupting global maritime trade. Key Developments Tensions in the Strait of Hormuz have reached a critical flashpoint following a declaration by the Islamic Revolutionary Guard […]
CBP CAPE SYSTEM LIVE TODAY: A New Era for IEEPA Duty Refunds
As of April 20, 2026, U.S. Customs and Border Protection (CBP) has officially launched Phase 1 of the Consolidated Administration and Processing of Entries (CAPE) system within the ACE Secure Data Portal. This long-anticipated development introduces a centralized, electronic pathway for submitting refund requests tied to duties imposed under the International Emergency Economic Powers Act (IEEPA), marking a meaningful shift […]