Breaking Trade News: CAPE Phase 3 Postponed, Canada 338 Tariffs Delayed

This week’s recap of the latest customs and international trade news: 

Customs and Border Protection (CBP)          

  • CBP published a federal register notice on August 19, 2026 announcing that, beginning September 18, 2026, it will immediately void importer of record numbers when the information on CBP Form 5106 is inaccurate or incomplete. 
  • CBP has delayed the launch of the Consolidated Administration and Processing of Entries (CAPE) refund tool Phase 3. It was originally set for Aug. 20 and is now delayed until further notice. ITT reporting
  • CBP issued a CSMS message stating that HTSUS subheadings associated with Section 301 duties on certain products from Brazil and those associated with Section 301 duties on forced labor are drawback eligible. 
  • CBP issued a CSMS message advising customs brokers to use the ACH Rejected Refunds Report in ACE to help importers identify refunds that have been rejected due to missing out on ACH enrollment.

Administration  

  • President Trump issued a proclamation delaying the imposition of 50% Section 338 tariffs on some products from Canada until 12:01 a.m. on Aug. 22, while the U.S. and Canada finalize a deal. 

U.S. Department of Justice (DOJ) 

  • The […]
By |2026-08-21T11:28:48-04:00August 21, 2026|news, Snapshot|0 Comments

Breaking Trade News: New 232 Tariffs on UAS, DOJ Seeks to Vacate IEEPA Refund Injunctions

This week’s recap of the latest customs and international trade news: 

Customs and Border Protection (CBP)         

  • In accordance with President Trump’s quartz proclamation from July 31, 2026, CBP updated its quota bulletin for quartz surface products. The opening date is August 17, 2026.  
  • CBP extended the Jones Act Waiver for 90 days – to November 15, 2026. CBP also implemented a new requirement that companies considering transportation on a foreign-flagged vessel must first send a written request to the Defense Department, the Maritime Administration, and CBP. 
  • CBP’s Office of Field Operations (OFO) released its 2026-2030 Strategy, outlining what transformations are required to advance OFO’s four Core Mission Areas: Secure Lawful Travel, National Security and Contingency Operations, Secure and Compliant Trade and Agriculture and Biological Threat Security. 
  • CBP is extending the phased enforcement period for enhanced air cargo advance screening. The phase was set to end on Nov. 21, 2026, and will now run until May 1, 2027. 
  • CBP announced that it will implement two-factor authentication for ACE portal logins through email or SMS notification starting in September. 
  • CBP officers at the Port of Louisville, Kentucky intercepted
By |2026-08-14T12:06:10-04:00August 14, 2026|news, Snapshot|0 Comments

FinCEN Permanently Ends BOI Reporting for U.S. Companies and U.S. Persons Under the Corporate Transparency Act 

On August 11, 2026, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). FinCEN states that U.S. companies are now exempt from BOI reporting requirements and no longer need to file BOI reports. The final rule also relieves U.S. persons from providing BOI to reporting companies and from updating or correcting information previously submitted to obtain a FinCEN identifier. For many domestic businesses, this marks a significant compliance shift—but foreign entities registered to do business in the United States may still have BOI obligations.

What Changed? 

FinCEN’s final rule makes permanent the relief first announced in the March 2025 interim final rule. Under the final rule, U.S. companies are exempt from BOI reporting requirements and therefore are no longer required to file BOI reports. Reporting companies also do not need to report BOI for U.S. person beneficial owners or U.S. person company applicants, and U.S. persons do not need to provide BOI to reporting companies. 

FinCEN also announced that U.S. persons with FinCEN identifiers are not required to update or correct the information they previously submitted to FinCEN. This is important for individuals who filed BOI information before the rule changed and who otherwise may have expected ongoing update obligations.

Who Still Has BOI Reporting Obligations? 

The final rule does not eliminate […]

Breaking Trade News: IEEPA Refunds Update, 301 Lawsuit, $5M FCA Settlement

This week’s recap of the latest customs and international trade news: 

Customs and Border Protection (CBP)        

  • CBP filed an update with the CIT in the IEEPA refunds case, stating that nearly $130 billion in potential and certified refunds have been accepted for processing via CAPE, and over 5 million entries failed entry level validations. 
  • CBP issued guidance via CSMS message regarding how to electronically remit payment for increases in duties, taxes and fees from a post-summary correction. Filers will not be able to pay in check or cash beginning Aug. 5. 
  • CBP officers from the George Bush Intercontinental Airport seized nearly $4 million in counterfeit goods, including fake MLB and Nike apparel, Louis Vuitton bags, Cartier sunglasses, and Jaguar Land Rover computer systems.

Courts      

  • A group of 25 states led by Oregon, Arizona and California filed a lawsuit at the CIT challenging the Section 301 forced labor tariffs as a violation of the Administrative Procedure Act, alleging that USTR’s investigation was rushed and failed to address comments.  
  • Customs broker Forrest Xu filed a complaint with the CIT arguing that CBP deactivated his broker entry filer code without due process.   

Department of Justice  

  • Everlight […]
By |2026-08-07T10:21:27-04:00August 7, 2026|news, Snapshot|0 Comments

What Happened This Month in International Trade (July 2026)

Another busy month in international trade news. Here’s the roundup: 

Administration:

  • President Trump issued a Proclamation establishing an incentive for companies that are expanding primary aluminum production in the US, allowing them to import primary aluminum at a reduced tariff rate. 
  • On July 20, 2026, the White House announced that the United States will impose an additional 50% tariff on many Canadian-origin products beginning 30 days after the order’s issuance.  
  • President Trump announced via Truth Social that the Administration will initiate a 301 investigation into the European Union for excessive fines against American tech companies. 
  • President Trump announced via Truth Social that effective August 1st, 2026, all Generic Drugs being brought into the United States will continue to have a 0% tariff for a two-year period of time, after which the tariff will be raised to 100% for one year, and 200% thereafter. 

United States Trade Representative (USTR)  

  • On July 23, 2026, the USTR announced a Section 301 action imposing new tariffs on 60 trading partners.  
  • On July 15, 2025, the USTR announced a Section 301 action imposing a 25% tariff against some Brazilian exports.  
  • The […]
By |2026-07-31T09:18:48-04:00July 31, 2026|news, Snapshot|0 Comments
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