Breaking Trade News: Supreme Court to Hear IEEPA Tariffs Case, USMCA Tariff Refunds, Reciprocal Tariff Modifications
Here is a recap of the latest customs and international trade news:
Industry News
- The Supreme Court will hear (on an expedited basis) two cases that challenge the legality of tariffs imposed under the International Emergency Economic Powers Act. Arguments are set for the first week of November.
- Nike reached a settlement with a freight forwarder and importer over their alleged importation of counterfeit items.
- Speaking on NBC’s “Meet the Press,” Treasury Secretary Scott Bessent said that the Treasury Department will have to give refunds if the IEEPA tariffs are ultimately ruled unlawful by the Supreme Court. Bessent did not comment further on the refund process or which parties will be eligible to receive refunds; therefore, Diaz Trade Law recommends that importers file their own lawsuit to preserve their ability to collect future refunds.
- According to two companies interviewed by International Trade Today, sureties that provide importers with customs bonds say that they’re able to handle covering the potentially significantly higher amounts of duties that importers may owe because of tariff rate increases.
Administration
- President Trump and Prime Minister of India Narendra Modi both posted on social media that trade negotiations between the two countries are moving forward.
- On September 5, 2025, […]

