The Section 122 Import Surcharge was imposed under the February 20, 2026 Presidential Proclamation titled “Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems.” Pursuant to Section 122 of the Trade Act of 1974, the proclamation applies an additional 10% ad valorem duty on most imported articles from every country for a period […]
Read MoreCBP Ends IEEPA Duty Collections effective 12:00 a.m. ET on February 24, 2026, following the February 20 Executive Order titled “Ending Certain Tariff Actions.” U.S. Customs and Border Protection (CBP) issued formal guidance confirming that duties imposed under the International Emergency Economic Powers Act (IEEPA) will no longer be collected for goods entered for […]
Read MoreThe Supreme Court IEEPA tariffs ruling has struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), reshaping the U.S. trade landscape and raising urgent questions about refunds and replacement trade measures. In a 6–3 decision, the Court ruled that IEEPA does not authorize the President to impose tariffs. The decision affirms the […]
Read MoreThe United States and Taiwan have signed a new Reciprocal Trade Agreement aimed at expanding bilateral trade and strengthening market access across key industrial and agricultural sectors. U.S. Trade Representative Jamieson Greer and Taiwan’s Vice Premier Li-chiun Cheng formalized the agreement on February 12. What Taiwan Agreed To Under the agreement, Taiwan will eliminate or […]
Read MoreU.S. importers are facing a growing financial strain that has little to do with shipping delays or supply chain congestion, and everything to do with customs bond requirements. As reported by an article by CNBC, recent data from U.S. Customs and Border Protection (CBP) shows that companies importing goods into the United States are experiencing […]
Read MoreU.S. Customs and Border Protection (CBP) has issued updated guidance implementing the February 6 Presidential Executive Order titled “Modifying Duties to Address Threats to the United States by the Government of the Russian Federation.” The update clarifies that imports from India are no longer subject to the additional 25% ad valorem duty previously imposed under […]
Read MoreThe United States and Bangladesh have signed a Reciprocal Trade Agreement establishing a 19% U.S. reciprocal tariff rate on imports from Bangladesh, marking a new chapter in bilateral trade relations. U.S. Trade Representative Jamieson Greer joined Bangladesh’s Adviser for Commerce, Textiles and Jute, and Civil Aviation and Tourism Sheikh Bashir Uddin in formalizing the agreement. […]
Read MoreSoftening spot rates, weak volume projections and cautious consumer sentiment point to a clear reality for the trans-Pacific container market: the usual pre–Lunar New Year shipping surge is absent in 2026. Market participants say demand ahead of the Lunar New Year, which begins Feb. 17, has been unusually subdued. Chinese factories will still shut down […]
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