On August 29, the U.S. Court of Appeals for the Federal Circuit upheld a lower court ruling that overturned the tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The court found these tariffs exceeded presidential authority due to their broad scope and indefinite duration.

Despite the ruling, the tariffs are still being collected while litigation continues. The court also raised doubts about whether IEEPA allows for tariffs at all, though it stopped short of making a final decision.

We are monitoring developments of this case closely and will continue to keep you informed as new information emerges.

Due to the rapidly changing application and modifications of duty rates, please note that Deringer is not responsible for coordinating the timing of U.S. entry and imposed tariff rates