2026

On March 4, 2026, following the February 20, 2026 decision by the Supreme Court invalidating IEEPA tariffs, the Court of International Trade ordered CBP to (a) liquidate “without regard to IEEPA duties” all unliquidated entries that were subject to IEEPA tariffs, and (b) reliquidate “without regard to IEEPA duties” any entries for which liquidation is not yet final.

On February 25, 2026, RealTruck, Inc., Laurmark Enterprises, Inc. (d/b/a “BAK Industries”), Undercover, Inc., Retrax Holdings, LLC, Truxedo, Inc., Extang Corporation, A.R.E. Accessories LLC, and Roll-N-Lock Corporation (“Petitioners”), filed a petition for the imposition of Antidumping Duties and Countervailing Duties on Imports of Truck Bed Covers from China.

SCOPE OF THE INVESTIGATION

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On February 23, 2026, U.S. Customs and Border Protection (“CBP”) published a CSMS containing additional guidance on the 10% duties imposed by the President pursuant to Section 122 of the Trade Act of 1974 (“Section 122”) against all imports from all countries (see February 20, 2026 Executive Order “Imposing a Temporary Import Surcharge”).

Following the U.S. Supreme Court’s ruling that the President cannot impose tariffs under the International Emergency Economic Powers Act (“IEEPA”), U.S. Customs and Border Protection (“CBP”) confirmed it will stop collecting all duties imposed pursued to IEEPA at 12:00 a.m. ET on February 24, 2026.

In a CSMS message, CBP said all Harmonized Tariff

On, February 20, 2026, the U.S. Supreme Court issued its opinion in Learning Resources v. Trump, which challenged the President’s imposition of tariffs under the International Emergency Eco­nomic Powers Act (“IEEPA”). The Court ruled 6-3 that the IEEPA statute, which permits the President “to regulate . . . importation” does not confer any tariff-setting

On February 12, 2026, the United States and Taiwan signed an Agreement on Reciprocal Trade (“ART”) formalizing the Memorandum of Understanding (“MOU”) signed on January 15, 2026.

As part of the deal, the IEEPA reciprocal tariff rate for Taiwan will be reduced from 20 percent to 15 percent inclusive of the most favored nation rate

On January 9, 2026 the United States and Bangladesh announced that the countries will enter into Agreement on Reciprocal Trade (“ART”) which will reduce tariffs on certain imports from Bangladesh in exchange for significant market access commitments by the South Asian country.

The United States will maintain a 19 percent reciprocal tariff rate for imports

On February 6, 2026, President Trump signed an executive order, Addressing Threats to the United States by the Government of Iran, which authorizes the imposition of tariffs on goods imported from any country that “directly or indirectly purchases, imports, or otherwise acquires goods or services from Iran.” The order is effective at 12:01 a.m.