Refunds of IEEPA Tariffs: What Importers Can Do Now

While the US Supreme Court ruled on February 20 that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs, the Court did not address the question of how duties assessed based on IEEPA and paid by importers will be refunded. The case has now been returned to the US Court of International Trade (CIT) for consideration of remedies, including refunds, and the CIT is expected to address this issue in the near term.... By: Eversheds Sutherland (US) LLP