Phase One IEEPA Tariff Refunds Are Hitting Bank Accounts: What Importers Should Do Now and Implications for the Secondary Market in Refund Rights

Following the U.S. Supreme Court’s invalidation of the Trump administration’s tariff program under the International Emergency Economic Powers Act (IEEPA), U.S. Customs and Border Protection (CBP) has moved quickly to operationalize what may become one of the largest tariff refund processes in recent history.... By: Troutman Pepper Locke