Tariff litigation keeps trade strategy in legal limbo

PIIE reports that the Court of International Trade heard challenges to temporary tariffs imposed under Section 122 balance-of-payments authority after earlier IEEPA-based tariffs were struck down. The article estimates $35 billion to $50 billion could be collected during the tariff period, which is why in-house teams should track not only rates but refund rights, contract pass-throughs and the next likely pivot to Section 301.