Breaking Trade News: IEEPA Refunds Update, Section 122 Hearing, Upcoming 301 Tariffs
Here is a recap of the latest customs and international trade law news:
Administration
- In a statement to the Wall Street Journal, Treasury Secretary Scott Bessent said that tariffs could return to levels in place under IEEPA by the beginning of July through the use of Section 301.
Customs and Border Protection (CBP)
- CBP filed a declaration with the CIT providing an update on the agency’s progress in facilitating IEEPA tariff refunds via CAPE. As of April 14, 2026, CBP has completed all the primary components and functionalities for Phase 1 and will begin accepting refund requests on April 20, 2026.
- CBP released a CSMS message guiding importers seeking IEEPA refunds via CAPE. The message includes guidance on submitting CAPE declarations and provides additional detail on the process CBP will follow in processing requests.
- CBP sent a trade bulletin reminding importers to sign up for an ACE portal account so that they may receive electronic refunds from CBP.
- CBP officers at the Buffalo port of entry seized nearly 1,000 electronic devices bearing counterfeit trademarks that, if authentic, would have been worth about $150,000.

