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Businessman Using Calculator to determine Global Import Export tariff refund.
Recent Trade and Tariff Updates: USMCA, IEEPA Refunds and New Tariff Actions

Several notable trade and tariff developments have emerged in recent weeks, affecting businesses engaged in cross-border commerce throughout North America and beyond. Key changes involve the United States-Mexico-Canada Agreement (USMCA), International Emergency Economic Powers Act (IEEPA) tariff refunds and new tariff actions that could have operational and financial implications for importers and exporters. U.S. Declines…

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Why Global Structuring and Transfer Pricing Matter for Life Sciences Companies 

The life sciences industry is characterized by high-value intellectual property (“IP”), extensive research and development (R&D), complex regulatory environments, and global supply chains. Life sciences companies are increasingly global from day one where R&D is performed in one country, clinical trials in others, IP held centrally, and manufacturing and commercialization is performed elsewhere. These unique attributes create opportunity, but it also creates tax risk if global structuring and transfer pricing are not…

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Recent Tariff Developments – Status of IEEPA Refunds and Fresh Tariffs Proposed by the Trump Administration

As U.S. Customs and Border Protection (CBP) begins issuing billions in IEEPA tariff refunds, new and expanded tariff proposals from the Trump administration are reshaping the trade landscape and introducing additional compliance considerations for importers. Latest CBP Filing Declares $20.6 Billion of Tariff Refunds on the Way to Importers About $20.6 billion in tariff refunds…

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When Lawyers Work Abroad: Key Tax Risks to Watch

As global law practices and flexible work arrangements expand, lawyers are increasingly working outside their home jurisdictions. Whether driven by client needs, secondments, or remote work flexibility, these arrangements can quietly create tax residency and permanent establishment risks, often sooner than expected and without formal firm approval. Why Lawyers Attract Tax Scrutiny From a tax…

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a globe representing global trade.
CIT Rules Section 122 Tariffs Unlawful – Yet Most Importers Still Affected

On May 7, 2026, the U.S. Court of International Trade (CIT) ruled against the imposition of 10% temporary global tariffs by the administration under Section 122 of the Trade Act 1974 by calling it “unlawful.” In a split 2-1 decision, the court found that the administration failed to meet the strict legal requirements of Section…

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Time for Importers to Take Action: April 20 Starts the IEEPA Tariffs Refund Process

It’s finally time for importers to take the first step in claiming IEEPA tariff refunds. This long-awaited move forward comes after the U.S. Supreme Court deemed IEEPA tariffs imposed by the president unconstitutional and the Court of International Trade issued a ruling for Customs and Border Protection (CBP) to refund duties imposed under IEEPA tariffs…

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