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Tag: IEEPA

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Will Third Tariff Regime Charm the Courts?

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If at first you don’t succeed, try, try again. That can-do sentiment could serve as the tagline for the administration’s newest tariff regime, which took effect on July 24. Acting under the Trade Act of 1974, the U.S. Trade Representative i...

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Tariff Refunds: A Tale of Two Accounting Approaches

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Last month we looked at the prickly issue of how companies are accounting for tariff costs. The accounting questions on the other side of that ledger—what do you do when you might get your money back?—turn out to be equally thorny. After th...

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Companies Take Three Approaches to Tariff-Refund Disclosures

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The Supreme Court decision nixing tariffs imposed under the International Emergency Economic Powers Act (IEEPA) created an immediate question: who gets the money back? The Court stayed away from that thorny issue, and later rulings from the...

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