US Federal

UK Consults on Securitisation Framework Changes

The UK's FCA and PRA have published consultation papers proposing significant changes to the securitisation framework. The proposals aim to replace prescriptive due diligence requirements with a more principles-based approach, potentially impacting how investors assess credit risk, risk retention, and information availability. The consultation period is open for feedback.

Trade Report: Regulatory Dates and Deadlines

This trade report highlights upcoming regulatory deadlines and events for the week of March 2, 2026. Key dates include comment deadlines for AD/CVD investigations on citric acid, citrate salts, and fresh winter strawberries, as well as the effective date for electronic refunds from CBP. Additionally, new CITES documentation requirements for animal and plant shipments take effect.

Supreme Court Rules Trump Administration Lacked Authority to Impose Tariffs Under IEEPA

The U.S. Supreme Court ruled that the Trump administration did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs. This decision impacts importers and exporters who may be entitled to refunds for tariffs previously paid under this authority.

ITC Intellectual Property Rights Investigations

The International Trade Commission (ITC) has initiated new investigations into alleged patent infringement for beverage brewing products (337-TA-1485) and electronic nicotine delivery systems (337-TA-1486). New complaints were also filed concerning infotainment systems and solar cells.

Supreme Court Tariff Decision Impacts Construction Costs

A Supreme Court decision striking down some tariffs has been followed by new 15% tariffs, creating ongoing uncertainty for construction costs and material pricing. The article discusses the impact on the construction industry and legal tools for managing payment disputes.

AD/CVD Cases: Electrodes, Lawn Groomers, OCTG, Plywood, Wire Rod

The International Trade Administration and International Trade Commission have announced several actions in antidumping and countervailing duty cases involving products from China, India, Indonesia, Vietnam, Brazil, Japan, Korea, Mexico, Moldova, and Thailand. These actions include new investigations, determinations on existing orders, and adjustments to cash deposit rates.

Supreme Court Invalidates IEEPA Tariffs

The Supreme Court has ruled that the President lacks the constitutional authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The decision, in cases involving Learning Resources, Inc. and V.O.S. Selections, Inc., invalidates previously levied tariffs. Businesses that paid these duties are advised to consult legal counsel regarding potential refund options.

ITC Probes Impact of Revoking China PNTR and Biotech Practices

The International Trade Commission (ITC) has launched two fact-finding investigations. One assesses the economic impact of revoking China's Permanent Normal Trade Relations (PNTR) treatment, with input due April 13. The second probe examines Chinese state support and pricing practices in the biotechnology sector.

Crapo Remarks on USMCA Trade Agreement Review

Senator Mike Crapo delivered remarks at a hearing discussing the U.S.-Mexico-Canada Agreement (USMCA) six years after its approval. The remarks highlighted the agreement's positive impact on American jobs, manufacturing, and economic growth, while also noting areas for improved enforcement and the importance of business certainty.

USMCA Hearing Announcement

The U.S. Senate Finance Committee announced a hearing on the U.S.-Mexico-Canada Agreement (USMCA) to evaluate North American competitiveness. The hearing is scheduled for February 12, 2026, and will feature testimony from various stakeholders.