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Supreme Court Rules IEEPA Tariffs Invalid; Importers May Seek Refunds

The Supreme Court ruled that tariffs imposed under IEEPA are invalid, as the President lacks the authority to impose taxes. Importers who paid these tariffs may now seek refunds through various legal avenues, including actions in the Court of International Trade.

USTR Launches Section 301 Investigations on Manufacturing Excess Capacity

The USTR has initiated investigations under Section 301 of the Trade Act of 1974 concerning manufacturing excess capacity in 16 partner economies. These investigations could lead to additional U.S. tariff actions aimed at addressing trade imbalances and protecting domestic manufacturing.

IEEPA Tariffs Struck Down; Importers Seek Refunds via CIT

The U.S. Supreme Court struck down tariffs imposed under IEEPA in Learning Resources, Inc. v. Trump, affirming that IEEPA does not authorize presidential tariffs. Challenges are within the exclusive jurisdiction of the Court of International Trade (CIT), where over 2000 refund cases are currently stayed.

USTR Probes 17 Countries for Excess Manufacturing Capacity

The Office of the U.S. Trade Representative (USTR) has initiated Section 301 investigations into 17 countries for structural excess manufacturing capacity and production. The probe aims to address potential unfair trade practices and could lead to the imposition of tariffs.

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.

Regulatory Scrutiny of Procedural Compliance and Penalties in 2025

In 2025, regulators in the EU, China, and the US increased enforcement of procedural non-compliance. The European Commission fined Eurofield approximately USD194,000 for incomplete information, and the Italian AGCM fined Ryanair USD1.47 million for similar issues. These actions highlight a growing trend of penalties for procedural missteps.

UK Sanctions Nearly 300 Russian Entities

The UK has announced its largest sanctions package against Russia, designating nearly 300 entities involved in critical energy revenues, military supply chains, and financial institutions. These measures aim to disrupt Russia's war effort and access to international markets.

Litigation Challenges Legality of Section 122 Duties

Twenty-four states and two private companies have filed lawsuits challenging the legality of Section 122 duties imposed on February 20, 2026. The complaints argue that the President lacks the authority to impose these duties, citing violations of separation of powers and nondelegation doctrines.

India: INTERPOL Issues Silver Notice for Fugitive Economic Offender

India's Enforcement Directorate requested INTERPOL to issue a Silver Notice for Karan A. Chanana, chairman of Amira Pure Foods, in connection with an alleged Rs 1,200 crore bank loan fraud. The notice aims to trace and freeze assets acquired through criminal proceeds.

CIT Suspends IEEPA Duty Refund Order for CBP ACE Functionality

The U.S. Court of International Trade (CIT) has suspended its order requiring immediate refunds of IEEPA duties. This suspension allows U.S. Customs and Border Protection (CBP) time to develop new Automated Commercial Environment (ACE) functionality to process these refunds, estimated to be implemented in 45 days. Importers are advised to complete electronic refund setup and consider filing protests.