Nickel For Your Thoughts Well, it used to be a penny. But we don’t make pennies anymore. The U.S. ended production of the penny in November. When it was first introduced in 1793, a penny could actually buy something: a biscuit, a candle or a piece of candy. Now pennies will transition to treasured collector’s items. The government is back […]

The Waiting Is The Hardest Part Happy New Year! The FTZ’ine staff hopes at least some of our readers were on the right holiday list. Because clearly most of us weren’t.Despite a blizzard of requests to the North Pole for an affirmative Supreme Court decision, international traders will have to wait into the new year to see if hoofbeats on […]

All Quiet On The First Street Front There is surely a reason the Supreme Court was given the address of #1 First Street in Washington, DC, right across the street from the Capitol. It highlights the cornerstone position the Court holds in American government. But international traders don’t need to be reminded of the importance of the Court right now. […]

BOOM Just as international traders were starting cocktails to kick off the weekend, the U.S. Supreme Court issued it’s ruling affirming previous decisions that IEEPA does not give the President the power to impose tariffs. The Court left unresolved the issue of refunds for previous payments, and foreign-trade zones are still paying the tariffs on items in inventory. Entries are […]

Gold Rush. Without the Rush. No Foolin’. U.S. Customs and Border Protection said that it’s new IEEPA refund system (called CAPE) is on track to be ready late this month. And it looks like FTZs are included in the first phase of CAPE development. But don’t expect funds to be disbursed quickly. CBP reported yesterday that refunds will only be […]

CAPEd Crusaders Many FTZ Administrators took on a new role in April – leading the charge for IEEPA refunds for their organizations. Those CAPEd crusaders were busy uploading lists of entries to the newest system from U.S. Customs. Among the refund roadblocks are some format validations that bounced about half of all submissions, slowing the process. And many refund requests […]

Here Comes The Judge And he does not sound happy. The Commissioner of Customs has been ordered to appear before a judge next week to explain why it is taking so long for the government to return the $165B of IEEPA duties paid by importers, including foreign-trade zones. The Trump Administration responded by filing an appeal of the order requiring […]

To Sue Or Not To Sue That is the question. U.S. Customs and Border Protection (CBP) has taken the position that a single federal judge cannot mandate IEEPA refunds for everyone. CBP says you will have to sue them and get a Court Order for a refund of IEEPA duties paid on any entry in ‘final’ liquidation status. The U.S. […]

Oh Canada Our Northern Neighbors just can’t seem to get any traction in trade negotiations with the United States. An impatient Administration will use an untested provision in trade law to add a 50% tariff to certain Canadian goods later this month. If that special someone has been asking for a hockey stick this coming holiday season, you might want […]