01
Apr
Key insights
IEEPA tariffs have been ruled unlawful and collections have stopped, but the broader tariff environment remains fluid as replacement tariffs and new trade actions emerge.
Refunds are expected, but they won’t be automatic — importers must take affirmative steps in CBP’s ACE system (including electronic refund setup) to receive payment.
Companies should plan for related interest, accounting/tax impacts, and potential downstream or transfer‑pricing analysis.
Tariffs have been a major cost — and headache — for importers since they were...