""Having lost the battle on IEEPA, the President now dusts off a separate statute: Section 122 of the Trade Act of 1974, which is another statute that has never been used to impose tariffs.""
""Customs has not included (or even mentioned) sureties in its development of CAPE and its reports to this Court, despite the fact that limiting refunds to importers and brokers will inevitably lead to IEEPA tariff refunds being issued to importers, instead of to the sureties who actually paid the IEEPA tariffs directly to Customs.""
""The group said it advised Customs of the need to include sureties in Phase One of CAPE. While Customs has acknowledged our concerns, they have not indicated to us that the omission will be corrected.""
A coalition of US states filed a lawsuit against Trump regarding a 10 percent tariff, claiming he is using an unused statute from the Trade Act of 1974. The Trump administration initiated investigations into various countries' trade practices, which may lead to additional tariffs. There is also a dispute concerning refunds for surety bonds related to tariffs, with a trade group arguing that Customs has not included sureties in its refund processes, potentially leading to unfair distributions of refunds.
#tariffs #trade-law #trump-administration #surety-bonds #international-emergency-economic-powers-act
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