On February 20, 2026, the U.S. Supreme Court (SCOTUS) in a 6-3 ruling determined that President Donald Trump’s use of the International Economic Emergency Powers Act (IEEPA) to impose tariffs was unlawful. In its decision, the SCOTUS stated: “When Congress grants the power to impose tariffs, it does so clearly and with careful constraints.
United States and Taiwan Sign Agreement on Reciprocal Trade
On February 12, 2026, the Office of the U.S. Trade Representative (USTR) announced that the United States and the Republic of China (Taiwan) signed the Agreement on Reciprocal Trade between the United States of America and Taiwan (the “Agreement”), under the auspices of the American Institute in Taiwan and the Taipei Economic and Cultural Representative
United States and Argentina Sign Agreement on Reciprocal Trade
On February 5, 2026, the Office of the U.S. Trade Representative (USTR) announced that the United States and The Argentine Republic have signed the U.S.-Argentina Agreement on Reciprocal Trade and Investment (Agreement). According to Ambassador Jamieson Greer, the USTR, the Agreement serves “as a model of how countries in the Americas, from Alaska to Tierra
President Trump Lowers IEEPA-Based Tariffs on India and Announces Framework for Bilateral Interim Trade Agreement
On February 6, 2026, President Donald Trump issued both an Executive Order (“EO”) and a joint statement announcing a “framework for an Interim Agreement” with India that reduces U.S. tariffs on imports of Indian products, lowering the overall rate from 50% to 25% with a further reduction to 18% to be “promptly” implemented. Effective February
United States and El Salvador Sign Agreement on Reciprocal Trade
On January 29, 2026, the Office of the U.S. Trade Representative (USTR) announced that the United States and El Salvador have signed the U.S.-El Salvador Agreement on Reciprocal Trade (Agreement). According to Ambassador Jamieson Greer, the USTR: “Today’s signing of the first Agreement on Reciprocal Trade in the Western Hemisphere will further strengthen markets for
United States and Guatemala Sign Agreement on Reciprocal Trade
On January 30, 2026, the Office of the U.S. Trade Representative (USTR) announced that the United States and Guatemala have signed the United States–Guatemala Agreement on Reciprocal Trade (Agreement). According to Ambassador Jamieson Greer, the USTR: “Today’s signing of another Agreement on Reciprocal Trade in the Western Hemisphere addresses trade barriers facing American workers and
President Trump Announces New 25% Section 232 Tariff on Narrow Category of Semiconductors Critical to AI
On January 14, 2026, President Donald Trump issued Proclamation 11002, announcing that, effective January 15, 2026, the United States is levying a 25% tariff on “a very narrow category of semiconductors” critical to the artificial intelligence (AI) sector, unless those semiconductors are imported “to support the buildout of the United States supply chain.” The
No Section 232 Tariff Now on Processed Critical Minerals and Their Derivative Products
On January 14, 2026, President Donald Trump issued Proclamation 11001, concluding that processed critical minerals and their derivative products (PCMDPs) would not be subject now to an additional tariff under Section 232 of the Trade Expansion Act of 1962. Section 232 authorizes the president to adjust duties on goods imported in quantities or under
United States and Taiwan Sign Agreement on Trade & Investment
On January 15, 2026, the United States and Taiwan agreed to a trade deal to establish “a strategic economic partnership … to decisively strengthen U.S. domestic semiconductor supply chains and secure America’s technological and industrial leadership.” While the text and full terms of the trade deal were not released, the Department of Commerce released a
CBP to Issue All Refunds Electronically Starting February 6, 2026
On January 2, 2026, U.S. Customs and Border Protection (“CBP”), an agency within the U.S. Department of Homeland Security, published an interim final rule announcing it will move to an all-electronic refund system beginning February 6, 2026. As a result, the agency will no longer issue paper checks for refunds—including tariff refunds—absent a waiver approved