The summer tariff landscape is developing quickly. As Section 122 duties approach their July 24, 2026 expiration, the Administration is advancing alternative mechanisms to preserve, replace or supplement the current duty structure. For businesses, the central issue is no longer whether a single tariff applies, but how multiple tariff programs could overlap. Several recent proposals contemplate duties that would apply in addition to other applicable duties unless an exemption applies. In this report, we review 10 key tariff and trade developments shaping tariff exposure, supply-chain planning and customs compliance, and offer practical steps importers should consider now to assess cumulative duty exposure and prepare for potential changes. Read the Report

Key Takeaways The U.S. Court of International Trade (CIT) invalidated President Trump’s Section 122 10% tariffs, holding that the Administration exceeded the authority delegated by Congress under Section 122 of the Trade Act of 1974. The Administration has appealed the decision to the U.S. Court of Appeals for the Federal Circuit. The CIT’s injunction is limited. The court granted relief only to the plaintiffs – the State of Washington, Burlap & Barrel and Basic Fun! – and declined to issue nationwide relief. The tariffs remain in place for most importers pending appeal, and continue to apply broadly unless additional importers seek and obtain relief. The decision increases pressure on the Administration to pivot to alternative statutory authorities, including Section 301 and Section 232, for