New Section 232 Calculations and IEEPA Refund Process Update

More than a year after Liberation Day, the tariff landscape continues to evolve in ways directly affecting manufacturing and retail supply chains. In a proclamation issued on April 2, 2026, President Trump revised tariffs on steel, aluminum and copper products under Section 232 of the Trade Expansion Act of 1962, changing both the applicable rates and the methodology for calculating tariff liability.... By: Warner Norcross + Judd