Trade & Export

Supreme Court Ruling on IEEPA Tariffs Impacts Duty Refund Process

The Supreme Court has ruled against the use of the International Emergency Economic Powers Act (IEEPA) for enacting tariffs. While the ruling entitles importers to refunds, a specific process is still being developed by U.S. Customs and Border Protection (CBP) and the Court of International Trade (CIT). CBP is working on an ACE functionality to streamline refunds, with a target deployment in 45 days.

Third-Party Arbitration Funding: Turmoil and Growth in 2025

A March 2026 article discusses the turbulent year for third-party arbitration funding in 2025, noting industry consolidation and a significant fraud suit. Despite challenges, the sector saw continued international arbitration claims, with 7% of new ICSID cases in 2025 involving funders.

Yukos Enforcement: ICSID vs. New York Convention Award Approaches in England

The English Commercial Court, in Hulley Enterprises Ltd & Ors v. The Russian Federation, granted enforcement of ICSID awards but declined to enforce costs and interest-on-costs components of New York Convention awards related to the Yukos arbitrations. This decision highlights differing judicial gatekeeping approaches for ICSID and New York Convention awards in England.

EU Proposes Industrial Accelerator Act with "Made in EU" Requirements

The European Commission has proposed the Industrial Accelerator Act (IAA) to bolster the EU's industrial base and boost demand for EU-manufactured products. The act introduces "Made in EU" requirements across strategic sectors, aiming to reduce dependencies and increase manufacturing's share of EU GDP.

EU Statement on Countries Aligning with Terrorist List Update

The EU has issued a statement noting that several non-EU countries have aligned with a recent Council Decision updating the EU's terrorist list. This alignment means these countries will conform their national policies to the updated list of individuals and entities subject to restrictive measures.

EU Statement on Restrictive Measures Against Terrorism

The EU has issued a statement regarding Council Decision (CFSP) 2026/455, which updates restrictive measures to combat terrorism. This decision repeals previous articles and expands the scope for imposing measures against individuals and entities associated with terrorist acts.

European Council Invitation: Middle East, Ukraine, Competitiveness, MFF

European Council President António Costa has invited members to a meeting on March 19-20, 2026, to discuss the Middle East escalation, Ukraine, strategic competitiveness, the Multiannual Financial Framework, defense readiness, and migration. The invitation outlines key agenda items and the urgency of coordinated responses.

EU Council Press Briefings for Transport, Energy, and Environment Councils

The Council of the EU has issued a media advisory for press briefings preceding the Transport, Telecommunications and Energy Council (Energy) on March 16 and the Environment Council on March 17, 2026. Journalists are invited to register for a hybrid format briefing by March 13, 2026.

Press Briefing for General Affairs Council

The Council of the EU has issued a media advisory for a press briefing concerning the General Affairs Council meeting on March 17, 2026. The briefing will take place on March 13, 2026, and is designated as 'off the record'. Journalists must register by March 13, 2025, to participate.

USTR Section 301 Investigations into Excess Capacity

The U.S. Trade Representative (USTR) has initiated Section 301 investigations into structural excess capacity and production in 16 economies. The USTR is seeking public comments on these investigations, with a deadline of April 15, 2026.