US Trade Update: Section 338 Tariffs on Canada, IEEPA Refund Litigation, Trade Fraud Enforcement & Section 232 Expansion

Short summary

The Trump administration imposed 50% tariffs on ~$20 billion in Canadian goods using Section 338 of the Tariff Act of 1930, targeting dairy, alcoholic beverages, and motor vehicles, effective August 19. IEEPA refund processing continues with $86.3 billion already cleared, while litigation over finally liquidated entries persists. Section 232 investigations are expanding into aerospace and coal sectors, and DOJ released a trade fraud enforcement strategy guide.

• •50% Section 338 tariffs imposed on ~$20B Canadian goods, effective Aug 19
• •IEEPA refunds: $86.3B cleared, litigation over liquidated entries ongoing
• •Section 232 investigations expanding to aerospace and coal sectors

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