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CBP to Launch CAPE System for IEEPA Tariff Refunds Amid Legal Challenges

CBP to Launch CAPE System for IEEPA Tariff Refunds Amid Legal Challenges

Customs and Border Protection (CBP) is set to introduce the Consolidated Administration and Processing of Entries (CAPE) system on April 20, designed to process tariff refunds under the International Emergency Economic Powers Act (IEEPA). This development follows the Court of International Trade's ruling that importers are eligible for refunds of tariffs deemed unlawful by the Supreme Court. The CAPE system will operate within CBP's Automated Commercial Environment (ACE), facilitating the refund process for importers. Legal experts, including Brittney Powell from Fox Rothschild, advise importers to adopt a 'belt and suspenders' approach, filing complaints at the Court of International Trade while preparing for CAPE's implementation. Importers are encouraged to set up ACE profiles to manage refund requests directly, as customs brokers face challenges handling the volume of requests.
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US trade court weighs legality of Trump 10% global tariff

US trade court weighs legality of Trump 10% global tariff

By Dietrich Knauth NEW YORK, April 10 (Reuters) - A U.S. trade court on Friday will consider the legality of a 10% global import tax imposed by the Trump administration, which several states and small businesses say sidesteps a U.S.
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Iran Conflict and Tariffs Lead to Decline in U.S. Import Volumes Amid Rising Fuel Costs

Iran Conflict and Tariffs Lead to Decline in U.S. Import Volumes Amid Rising Fuel Costs

Iran Conflict and Tariffs Lead to Decline in U.S. Import Volumes Amid Rising Fuel Costs
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Iran Conflict and Tariffs Impact U.S. Import Volumes and Fuel Costs

Iran Conflict and Tariffs Impact U.S. Import Volumes and Fuel Costs

Iran Conflict and Tariffs Impact U.S. Import Volumes and Fuel Costs
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Fashion Industry Faces Uncertainty Over Tariff Refunds After Supreme Court Ruling

Fashion Industry Faces Uncertainty Over Tariff Refunds After Supreme Court Ruling

Fashion Industry Faces Uncertainty Over Tariff Refunds After Supreme Court Ruling
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Bayer US head says tariffs will not affect its 2026 forecasts

Bayer US head says tariffs will not affect its 2026 forecasts

By Michael Erman NEW YORK, April 7 (Reuters) - A top Bayer AG executive said on Tuesday the German drugmaking and crop science company saw no need to adjust its 2026 forecasts because of tariffs on imported pharmaceuticals announced by the U.S. government last week.
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Hong Kong firm files arbitration against Maersk, claiming it schemed with Panama over port takeover

Hong Kong firm files arbitration against Maersk, claiming it schemed with Panama over port takeover

A subsidiary of a Hong Kong-based conglomerate started arbitration proceedings against Danish logistics and port group Maersk, accusing the company of aligning with Panama and scheming to replace its port operation on the Central American country’s critical canal
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USTR Greer says US-Mexico-Canada pact talks may run past July 1 deadline

USTR Greer says US-Mexico-Canada pact talks may run past July 1 deadline

WASHINGTON, April 7 (Reuters) - The Trump administration will try to resolve as many problems with the U.S.-Mexico-Canada trade agreement as it can before July 1, but negotiations to rebalance the trade pact are likely to continue past that deadline, U.S.
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Hong Kong firm files arbitration against Maersk, saying it schemed with Panama over port takeover

Hong Kong firm files arbitration against Maersk, saying it schemed with Panama over port takeover

A subsidiary of a Hong Kong-based conglomerate started arbitration proceedings against Danish logistics and port group Maersk, accusing the company of aligning with Panama and scheming to replace its port operation on the Central American country’s critical canal
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DHS says US could stop processing international travelers at some airports in 'sanctuary cities'

DHS says US could stop processing international travelers at some airports in 'sanctuary cities'

By David Shepardson and Ted Hesson WASHINGTON, April 7 (Reuters) - Homeland Security Secretary Markwayne Mullin said on Tuesday that customs officials could stop processing international travelers at major U.S. airports in "sanctuary cities" that have declined to cooperate with the Trump
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Trump will pursue stability with China's Xi in May meeting, USTR Greer says

Trump will pursue stability with China's Xi in May meeting, USTR Greer says

By David Lawder and Doina Chiacu WASHINGTON, April 7 (Reuters) - The U.S. economic and trade relationship with China is stable and President Donald Trump will aim to keep it that way in a meeting next month with Chinese President Xi Jinping, U.S. Trade Representative Jamieson Greer said on Tuesday.
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World Trade Organization Faces Relevance Crisis Amid U.S.-China Trade Disputes

World Trade Organization Faces Relevance Crisis Amid U.S.-China Trade Disputes

The World Trade Organization (WTO) is experiencing a significant decline in its influence as the United States and China engage in protectionist trade practices, openly defying the rules they previously agreed to. This situation has led to questions about the WTO's ability to enforce international trade rules. The organization's credibility is further undermined by China's repeated violations of trade rules and President Trump's disregard for the WTO's 'most favored nation' principle through erratic tariff applications. Recent trade talks in Cameroon between the U.S. and Brazil collapsed, highlighting the WTO's struggles to implement necessary reforms, such as improving its dispute-settlement mechanisms.