Tariff Updates

Update on IEEPA‑Related Court Ruling & Section 122 Tariff Implementation

March 3, 2026

We would like to provide an important update regarding the recent court ruling impacting IEEPA‑related tariffs and the subsequent implementation of Section 122.

As you may be aware, the U.S. Supreme Court recently invalidated tariff actions previously imposed under the authority used for the IEEPA‑related measures, which has resulted in significant changes to the tariff structure. Following this ruling, the Administration immediately moved to implement a temporary global import surcharge under Section 122, effective February 24, 2026. This surcharge initially took effect at 10%.

Refund Guidance Is Not Yet Available

Although the ruling creates a basis for questions regarding possible refunds of previously paid IEEPA tariffs, there is currently no official guidance from U.S. Customs and Border Protection (CBP) regarding:

• Whether refunds will be issued,

• How refund claims should be filed, or

• What documentation or entry status will be required.

CBP has acknowledged that implementation details are still under review and that updates will follow once available.

We want to assure you that:

• We are actively monitoring all CBP communications, court developments, and Federal Register notices.

• We are tracking all policy changes related to both the termination of the IEEPA tariff and the implementation of Section 122.

• We understand the uncertainty this creates and are fully engaged in reviewing every update as it becomes available.

Next Steps for Importers:

At this time, no action is required on your part regarding previously paid IEEPA‑related tariffs.

Once CBP releases official procedures on how to handle past payments—whether through protests, post‑entry corrections, or a new refund mechanism—we will:

1. Review the guidance immediately,

2. Assess impacts across affected entries, and

3. Reach out directly to each importer with tailored next steps and required documentation.

You have our full commitment that we will keep you informed at every stage. As soon as U.S. Customs publishes definitive instructions on handling IEEPA‑related tariff payments, we will promptly communicate the process to ensure you can take all necessary actions within required timelines.