![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Trade News
Trade News
29
Apr
Blog | Shipping and flight disruptions highlight new fault lines in the global economy and their costs for growth and livelihoods.
The war in the Middle East has severely disrupted maritime and air traffic, damaging infrastructure and interrupting transport corridors that are critical for global energy and goods. Even in the best case, there will be no neat and clean return to the way things were.
The Chart of the Week illustrates one reason for concern. In the Red Sea, attacks on shipping that began...
28
Apr
Several key minerals that are essential inputs for digital and renewable energy technologies face high exposure to export restrictions, and the number of restrictions continues to rise, a new OECD report finds.
The annual update of the OECD Inventory of Export Restrictions on Critical Raw Materials tracks export restrictions and supports analysis of their impact on availability, prices and global supply chains. The OECD continues to monitor these measures over time. The latest edition, which analyses measures implemented through the end of 2024, shows...
23
Apr
Overview
Firms with exposure to the US-EU international trade relationship cannot rely on last year’s Turnberry Agreement as a complete or settled solution for managing trade risk. Rather, they should ensure that their compliance practices and strategic visions are adjusted to account for recent and anticipated developments in the rollout of Turnberry as a framework. The promised return to relatively open terms of trade still needs time in the oven.
Turnberry framework and aftermath
When EC President Ursula von der Leyen and...
21
Apr
In this week’s Roar: Air cargo rates up, electronic tariff refund Phase 1, new emergency surcharges, the state of the global maritime system, and how AI is handling operational bottlenecks.
Since mid-March, air cargo rates are up 10% as the war in Iran has squeezed capacity, pushed up oil prices, and disrupted flights across the Middle East. Jet fuel costs have nearly doubled, resulting in new surcharges on many routes. For shipments where time is of the essence, there are now frequent delays averaging...
20
Apr
Today, April 20, 2026, marks a significant milestone for importers seeking to recover duties paid under the International Emergency Economic Powers Act (IEEPA).
U.S. Customs and Border Protection (CBP) has officially launched the Consolidated Administration and Processing of Entries (CAPE) Phase 1 functionality within CBP’s digital system for processing imports and exports—the Automated Commercial Environment (ACE).
Following the invalidation of certain IEEPA-based tariffs, CAPE serves as the primary administrative mechanism for securing refunds. However, CAPE is not a “blanket” refund process. CBP...
14
Apr
Today, the Council presidency and the European Parliament have reached a provisional agreement on a regulation aimed at addressing the negative trade-related effects of global overcapacity on the EU steel market.
The regulation will introduce a new framework to protect the EU steel sector from global excess production and trade diversion, while ensuring that the measure remains compatible with the EU’s international trade obligations and sufficiently flexible for economic operators, including downstream industries. It will replace the current EU steel safeguard...
13
Apr
U.S. Customs and Border Protection (CBP) has issued operational guidance for obtaining refunds of duties paid under the International Emergency Economic Powers Act (IEEPA), implementing a new electronic process through the Consolidated Administration and Processing of Entries (CAPE) tool in the Automated Commercial Environment (ACE) Secure Data Portal (ACE Portal). Beginning April 20, 2026, CAPE will be the exclusive mechanism for submitting IEEPA refund claims for entries that include at least one dutiable IEEPA Harmonized Tariff Schedule of the United States...
10
Apr
In a previous alert, we reported that the U.S. Supreme Court had found President Donald Trump’s tariffs issued under the International Emergency Economic Powers Act (IEEPA) to be illegal.
We subsequently reported that the U.S. Court of International Trade (“the Court”), in an effort to implement the Supreme Court decision, had ordered U.S. Customs and Border Protection (CBP) to issue refunds “automatically” to importers that previously paid IEEPA duties to CBP.
In recent days, there have been significant developments:
• The U.S. Court of International...
Other Chapter News
