
Refunds for IEEPA tariffs are reportedly flowing back to cargo interests.
IEEPA’s replacement, Section 122 tariffs (trade imbalance), were invalidated by the Court of International Trade as they did not meet the necessary criteria. The ruling is on pause while being reviewed.
Section 301 tariffs (unfair trade practices) are undergoing their formal investigation process by US Trade Representatives.
USMCA negotiations began between the US and Mexico, sans Canada.