From AFOA General Counsel (Olsson Frank Weeda) on Monday, June 2, 2025:

Trade War Update: Two Courts issued decisions striking down the IEEPA-based tariffs imposed by President Trump; Entry Deadline for Exclusion from Reciprocal Tariffs Extended; USTR Extends Section 301 Exclusions.

Here you will find the most recent client memorandum providing a high-level overview of recent developments relating to the trade war.

Last week, two courts issued pivotal rulings on the legality of tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA), shaping the ongoing discussion on executive authority in trade policy. These decisions present contrasting interpretations of presidential power under IEEPA, with significant implications for industries affected by these tariffs. Businesses should closely monitor how these rulings may influence future enforcement and regulatory actions.

Additionally, CBP has extended the entry deadline for exclusions on reciprocal tariffs for goods in transit at the time of imposition, and the USTR has prolonged the remaining exclusions from the Section 301 China tariffs that were set to expire on May 31. Further, President Trump announced the Section 232 tariffs on steel and aluminum will double to 50% effective June 4.

We will continue to monitor this situation closely and will report all significant developments to you. In the interim, please do not hesitate to reach out to us with questions or requests for additional information.