In a monumental 6-3 decision, the U.S. Supreme Court struck down the Trump Administration's tariffs imposed under the International Emergency Economic Powers Act (IEEPA), making clear that, in the eyes of the majority, regulating trade and taxing it are not the same thing and that nothing in IEEPA's text, structure, or history shows that Congress intended to quietly hand over unlimited tariff power to the Executive Branch.

The CPSC recently posted to its website a list of about 600 HTSUS numbers that it believes are likely to include products for which certificate of compliance information will have to be submitted electronically beginning July 8.

The U.S. government has issued a "Maritime Action Plan", calling for new fees on imported goods via land or sea. These actions are aligned with Congressional efforts to raise revenue for updating port infrastructure and revitalizing the U.S. shipbuilding industry.

The CBP Base Metals Center just revised its guidance to address the treatment of U.S. metals. Still, importers must carefully consider whether their goods qualify for U.S. origin to potentially avoid Section 232 and IEEPA tariffs altogether.

On February 9, 2026, the US and Bangladesh issued a Joint Statement regarding a new bilateral trade framework agreement. The new agreement will provide additional market access for US products entering Bangladesh. It also lays the groundwork for a zero reciprocal rate on Bangladeshi textile and apparel products entering the U.S., subject to the condition that they contain U.S. inputs.

Congress rediscovers the Emergency break with a vote that matters on IEEPA tariffs - but just not yet. Listen for more on Two Minutes in Trade.

Put America First and preserve the first sale. A new bill would put America last by using the last sale for imports. Listen to Two Minutes in Trade for more info.

Trade by leverage: at what cost did Bangladesh buy a 1% tariff cut? Listen for more on Two Minutes in Trade.