Two Minutes in Trade

Déjà vu with a mandate: USTR's muscular 2026 trade agenda doubles down on more to come. Listen for more info on Two Minutes in Trade.

From PNTR to Column 2 duty rates. A new ITC study examines the impact of- with Congress eyeing additional duty collections for appropriations. Listen to Two Minutes in Trade for more info.

Go directly to CIT! Do not pass go! The CAFC remanded the IEEPA case to the CIT, not even waiting for the Supreme Court to return the case. Listen for more on Two Minutes in Trade.

Are section 122 tariffs just in search of justification? IMF dents the balance of payment argument. Listen for more on Two Minutes in Trade.

The USTR says 301 investigations on various topics will begin within days. These country-specific tariffs, along with the 232 product-specific tariffs, are meant to provide "continuity" for the IEEPA level tariffs. We discuss what investigations might be forthcoming and the longer path that could lead to new tariffs.

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.