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Trade News
Trade News
23
Mar
On March 2, 2026, the Office of the U.S. Trade Representative (USTR) delivered President Donald Trump’s 2026 Trade Policy Agenda and 2025 Annual Report to Congress. This year’s trade agenda seeks to promote U.S. interests abroad and reduce trade deficits by pursuing trade deals with other countries and strengthening domestic manufacturing.
2025 Annual Report
The 2025 Annual Report provides a comprehensive overview of U.S. trade agreements, negotiations, and enforcement activities. It covers various trade initiatives, preference programs, and bilateral and multilateral engagements...
23
Mar
U.S. Customs and Border Protection (CBP) has submitted a series of declarations to the U.S. Court of International Trade (CIT) in Atmus Filtration, Inc. v. United States (Court No. 26-01259) — on March 6, March 12, and March 19 — outlining both the legal and operational framework for refunds of duties imposed under the International Emergency Economic Powers Act (IEEPA). These developments follow the U.S. Supreme Court’s February 20, 2026, decision, holding that IEEPA does not authorize the President to impose...
20
Mar
The Current Status of IEEPA Refunds
To quickly recap, the U.S. Supreme Court ruled that IEEPA tariffs were unlawful in late February. As a result, those tariffs stopped being collected, and the U.S. Court of International Trade has since ruled that importers are entitled to refunds.
Shortly after, U.S. Customs and Border Protection (CBP) indicated that its existing systems cannot process the refunds tied to the IEEPA tariffs but would begin building a new mechanism to handle them. The agency recently...
19
Mar
Exporters operating in global markets often face a familiar challenge: delivering goods today while waiting weeks or even months to receive payment.
In many industries, buyers expect suppliers to offer open-account payment terms ranging from 60 to 120 days. While these terms help buyers manage their own cash flow, they create a working capital gap for exporters who must finance production, logistics, and operating expenses before payment arrives.
To bridge this gap, companies typically rely on external financing. Two common options are traditional...
19
Mar
Suspension clause in case of new US tariffs
Sunrise clause: tariff preferences only effective when the US respects commitments
Stronger protection regarding steel imports
The International Trade committee adopted its position on Thursday on two proposals implementing certain tariff aspects of the EU-US Turnberry trade deal.
The International Trade committee adopted its position on Thursday on two proposals implementing certain tariff aspects of the EU-US Turnberry trade deal.
MEPs in the International Trade Committee adopted their position on two legislative proposals that eliminate...
18
Mar
The U.S. Department of Commerce today announced further implementation of the American AI Exports Program with a Call for Proposals from U.S. industry-led consortia to export full-stack AI technology packages. Under President Donald J. Trump’s AI Action Plan and export directives, the Department of Commerce is implementing a full-stack AI export package promotion program to advance America’s AI leadership globally.
“America’s continued global leadership in AI depends on our ability to export our AI to allies around the world,” said Under...
16
Mar
The U.S. Trade Representative has initiated two investigations under Section 301 of the Trade Act of 1974. Under this provision, the U.S. will investigate whether an act, policy, or practice of a foreign country either: a) violates, or is inconsistent with, the provisions of, or otherwise denies benefits to the United States under, any trade agreement; or b) is unjustifiable and burdens or restricts United States commerce.
In the event of affirmative determinations by the USTR, the administration is authorized to...
13
Mar
As the Iranian conflict enters its second week, consequences are continuing to emerge for supply chains. While still evolving, early developments are already affecting shipping operations, energy markets, and freight costs across the Asia-Europe and Asia-U.S. trades. More importantly, as we’ve learned from the Red Sea disruption over the past few years, problems in the region can have ripple effects around the world.
For companies in the United States and Europe that rely heavily on imports from Asia, the most...
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