Two Minutes in Trade

President Trump's comments raised questions about the USMCA's future, but the agreement's upcoming six-year review is distinct from termination and may be more about negotiating leverage than about an imminent withdrawal.  For more information, listen to today's Two Minutes in Trade.  

No dilly-dallying around if you want reduced sutures on your drugs. Applications to lower 100% tariffs are due tomorrow. Listen for more on Two Minutes in Trade. 

Mandatory CPSC efiling begins July 8th. While there are no new rules associated with this deadline, the requirement that certificates be filed electronically may prove challenging for importers who not have the proper information - or visibility into their supply chains - to compile and issue certificates of conformity. 

Congress is short on time but long on its chore list. What bills might be addressed before the election?  Listen for more on Two Minutes in Trade.

Will the new "US-China Board of Trade" be a new framework or the same-old, same-old?  Listen for more on Two Minutes in Trade. 

The President's Enforcement E.O. will treat importing more like a privilege than a right, with enhanced vetting, disclosure, and bonding requirements.  When and how will it be implemented -- and what should companies do now?

Read the fine print. Adjustments to steel/aluminum/copper Section 232 tariffs mean you might get a lower rate. Listen to Two Minutes in Trade for more. 

The hits keep coming!  USTR advances new tariff action on Brazil, 60 economies, and China. Listen for more on Two Minutes in Trade. 

I leave for 1 wedding, and USTR launches  2 Section 301 investigations. Vietnam IPR is open for comments. Listen for more on Two Minutes in Trade. 

The Department of Justice has threatened to appeal Judge Eaton's order requiring refunds even for entries that are finally liquidated, and the request for CBP Commissioner Scott to appear before the court. A legal fight regarding finally liquidating entries is likely to ensue.

The Mexican government recently issued separate regulations aimed at further modernizing and improving Mexico's foreign trade, foreign investment, and sanitary procedures.

This week the United States and Mexico begin formal talks leading up to the formal joint USMCA review in July. USTR signals that tariffs will remain in place as long as the US continues to run a trade deficit with its North American partners.

It's not all about goods - US and Sweden sign broad framework agreement. Listen for more on Two Minutes in Trade. 

Shine a light on it. The new bill will require releasing 232 reports and the rationale for tariffs. Listen for more on Two Minutes in Trade. 

Have you seen the uptick in CBP's importer vetting to establish right to make entry? Here's why we think it's happening and what you could expect.

Turnberry Trade Agreement terms advanced by the EU-but there's some off ramps. Listen for more on Two Minutes in Trade. 

Tariff court challenge 2.0:  same fight, new statute. Listen for details on the section 122 challenge on Two Minutes in Trade. 

Congress is putting the brakes on connected cars, and the bill might have enough gas to be implemented.  Listen for more on Two Minutes in Trade. 

Duty calls at the Supreme Court as the original case against the Section 301 tariffs on List 3 and 4a awaits a hearing. Listen for more on Two Minutes in Trade. 

CBP says it has processed 8.3 million IEEPA refund entries and paid $35.46 billion so far.  For more information, listen to today's Two Minutes in Trade.  

An adjustment in name, an exclusion in practice. Pharmaceuticals may get a break from 100% tariffs. Learn how in Two Minutes in Trade. 

Straight from the Strait of Hormuz to your closet-continued pressure and tariffs keep prices rising. Listen for more on Two Minutes in Trade. 

Congress is looking at Section 232 tariffs on the auto sector, but will they give it a tune-up or a complete rebuild?  Listen for more on Two Minutes In Trade. 

In a 2-1 decision the CIT has ruled the section 122 tariffs unlawful. Here's what importers should be thinking about for a possible round-two of refunds in light of an almost certain appeal.

Speak now or forever hold your peace. USTR seeks input on its review of the necessity for the China Section 301 tariffs on goods in Lists 1 and 2. Listen for more on Two Minutes in Trade. 

Vietnam is getting Priority Status - but it's not the benefit you might think. Listen for more on Two Minutes in Trade

Show me the money!  CAPE edition.  CBP announces new reports to help importers track their refund status. Listen for more on Two Minutes in Trade. 

When de-risking becomes a risk. China's new Decree 834 could put companies at risk. Listen for more on Two Minutes in Trade. 

Bourbon, Barrels, BMWs and Blacklists. It's a busy Friday. Listen for more on Two Minutes in Trade. 

Cabotage- you can't eat it, and you can't do it either. Listen to Two Minutes in Trade for more info

CBP rolls out the incubator for tariff refunds - CAPE- and some entries have been cleared for refunds - but don't count your chickens yet. Listen for more on Two Minutes in Trade. 

From temporary to permanent- Mexico makes increases stick and requires more proof for exemptions. Listen for more on Two Minutes in Trade. 

Clean up on aisle 99.....HTS chapter 99, that is. Commerce is correcting Section 232 tariffs on steel/Al/, and copper. Listen for more on Two Minutes In Trade. 

Could the Steelmate be coming to an end?  EU Trade Commissioner met with US officials to discuss options. Listen for more on Two Minutes In Trade. 

Take action; collect tariffs; litigate - rinse and repeat. Section 232 metals tariffs are in the Court of International Trade this time. Listen for more on Two Minutes in Trade. 

USTR Greer was in the hot seat today as he appeared before Congress to lay out the 2026 trade agenda, where he highlighted that tariffs are not going away, enforcement is a priority, and trade policy will continue to be reshaped following the IEEPA Supreme Court Ruling.

This episode reviews the key definitions for pharmaceutical articles, patented pharmaceuticals, generic pharmaceuticals, and orphan drugs as provided in Annex I to the proclamation. Importers should begin to review their imports according to the tariff code listing and definitions in Annex I.  

Scarcely one month after lawsuits were filed against Section 122 tariffs, a group of lawmakers on the Hill – including at least one Republican – has introduced legislation which would void Section 122 tariffs and provide for refunds back to February when they were initiated.

The FCC on April 14 conditionally exempted certain drone and router models produced in foreign countries from the import bans that were recently adopted on these products. For more information, listen to today's Two Minutes in Trade.  

What Happens when Section 301 and Section 307 collide - is that policy or paradox? Listen for more on Two Minutes in Trade. 

The CIT addresses the sticky issue of "what happens when old statutes meet new tariffs" regarding section 122. Listen for more on Two Minutes in Trade. 

More money = more enforcement. The President's budget increases funding for trade remedies and enforcement. Listen for more on Teo Minutes in Trade. 

Temporary tariffs spur immediate lawsuits. The 10% Section 122 tariffs are before the CIT challenging their legality. Listen for more on Two Minutes in Trade. 

The price of imported pills is going up at the end of July. New section 232 tariffs announced for patented drugs and ingredients. Listen for more on Two Minutes in Trade. 

Shifting sands but same question - when will refunds flow? The CIT Atmus Filtration case has washed out, leaving refunds in flux. Listen for more on Two Minutes in Trade. 

Section 232 tariffs remix for steel, aluminum, and copper articles and derivatives. Many products are no longer "in scope". Listen for more on Two Minutes in Trade. 

Stop celebrating and start refunding. One year since the IEEPA reciprocal tariffs, but still no refunds. Listen for more on Two Minutes in Trade. 

Alphabet soup meets numeric nightmares. And Section 338 is the newest potential tariff nightmare. Listen for more on Two Minutes in Trade. 

CBP puts a squeeze on time to file protests with an updated process for CAPE Phase I for IEEPA refunds. Listen to Two Minutes In Trade for more. 

It's open window season and BIS is opening the window to add automotive parts to the 232 tariffs. Listen for more on Two Minutes in Trade. 

On February 6, 2026, U.S. Customs and Border Protection (CBP) transitioned to electronic-only refunds.  Has your company done what it needs to do to ensure it receives the refunds it deserves?