The Trump administration is weighing a temporary suspension of the Jones Act to ease domestic fuel and commodity shipments after a new oil shock pushed Brent crude above $100 a barrel.
CBP told the Court of International Trade it cannot issue IEEPA tariff refunds at scale until importers are set up to receive electronic payments and can identify affected entries in a forthcoming ACE-based claims workflow—meaning companies should complete CBP’s electronic refund enrollment (banking/ACH authorization in ACE) and begin compiling entry numbers and payment records now. CBP says it is building an importer-declaration tool in ACE and is aiming to have it ready within about 45 days, after which refunds would be recalculated (with interest), certified, and paid electronically by Treasury, subject to court direction and CBP validation.
U.S. and Chinese officials are preparing a new round of senior-level economic talks in Paris late next week, as both governments continue planning for a Trump–Xi summit expected later this month or …
The United States’ trade position in “advanced technology products” (ATPs) has deteriorated sharply over the past decade, shifting from a net surplus to a large deficit as import growth outpaced export gains across most high-tech product groups, according to a new Information Technology and Innovation Foundation (ITIF) report released March 2.
China “essentially stopped buying” U.S. exports in April 2025 after President Trump began his second term with steep new tariffs and Beijing retaliated, pushing U.S. goods shipments to China to levels not seen since the 2008–09 financial crisis, according to a March 3 analysis by Peterson Institute for International Economics (PIIE) economist Chad P. Bown.
The Office of the U.S. Trade Representative on March 3 released its 2025 Review of Notorious Markets for Counterfeiting and Piracy, identifying online services and physical bazaars that, according to right holders and other commenters, facilitate substantial trademark counterfeiting or copyright piracy.
Acting Deputy Assistant Attorney General Daniel Glad said companies that treat internal cartel allegations as a slow-moving governance exercise risk losing the benefits of leniency to an insider tip—and individuals face a materially higher likelihood of custodial sentences as prosecutors press for prison to drive deterrence.
Whistleblower attorney Mary Inman of Whistleblower Partners says the volume of qui‑tam and bounty claims remains robust despite political shifts.
The Office of the U.S. Trade Representative (USTR) is soliciting nominations to fill seats on four trade advisory committees as the agency renews committee charters and resets membership for the next terms.
The Commerce Department’s Bureau of Industry and Security (BIS) published two Paperwork Reduction Act notices on February 24, 2026, seeking Office of Management and Budget (OMB) action on information collections tied to (1) foreign availability determinations under EAR Part 768 and (2) reporting of EAR violations under EAR Part 764.
Not that the WTO has played much in the President's calculus, former USTR hand Dawn Shackleford argues that the Administration’s reliance on Section 122 of the Trade Act of 1974 to impose a temporary import surcharge (tariff) on “large and serious” U.S. balance-of-payments deficits could, if framed as a balance-of-payments (BOP) measure, implicate GATT Article XII notification and review disciplines at the WTO.
President Trump said the administration’s trade deal with Japan has “launched,” citing an initial slate of Japan-backed U.S. energy and critical-supply-chain projects as the first tangible step in Tokyo’s pledged $550 billion investment mechanism.
The Financial Action Task Force (FATF) closed its Feb. 11–13 plenary in Mexico City with new decisions on jurisdiction monitoring and a continued focus on illicit-finance risks tied to fraud and digital assets.
The Federal Acquisition Regulatory (FAR) Council has proposed a rule to bar federal agencies from procuring products or services that use “covered” semiconductors linked to three Chinese firms
With the Supreme Court’s decision in Learning Resources v. Trump striking down tariffs imposed under the International Emergency Economic Powers Act, administration officials have pointed to another statute as a potential fallback: Section 122 of the Trade Act of 1974. Unlike IEEPA, Section 122 expressly authorizes a temporary “import surcharge” — “in the form of duties” — when “fundamental international payments problems” require import restrictions.
Indonesia is seeking additional tariff carve-outs from the United States after President Donald Trump and Indonesian President Prabowo Subianto announced a new “Agreement on Reciprocal Trade” on Feb. 19 in Washington.
Congress has yet to enact a new five-year Farm Bill, leaving U.S. agriculture policy—and several export-adjacent authorities—operating under the Agriculture Improvement Act of 2018, as extended through September 30, 2026.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis reported Thursday that the U.S. goods and services trade deficit increased to $70.3 billion in December 2025, up $17.3 billion from a revised $53.0 billion in November. Exports declined to $287.3 billion while imports rose to $357.6 billion. The increase reflected a larger goods deficit and a smaller services surplus.
The Supreme Court of the United States ruled 6–3 that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. The decision invalidates the Administration’s “reciprocal” tariffs imposed under IEEPA on most U.S. trading partners.
The statute President Donald Trump used to craft punitive tariffs on dozens of U.S. trade partners does not authorize the White House to impose tariffs, the Supreme Court held in a 6-3 decision Friday.