Duty Unbound: Learning Resources and the Future of Tariffs

The Supreme Court recently ruled in Learning Resources, Inc. v. Trump that the International Emergency Economic Powers Act (IEEPA) does not give the president authority to impose tariffs. Which tariffs are affected by this decision and which ones remain in place? Can importers get refunds for duties paid under the IEEPA tariffs? Who is actually entitled to those refunds, and what options—if any—exist for suppliers and consumers who ultimately bore the costs? How does this decision affect Trump’s trade policy in general? With respect to the tariffs still in force, is there anything importers can do to mitigate their burden?

Join us as our hosts Gary Scanlon and Kristen Gamboa interview Lou Abad, a principal in the KPMG Washington National Tax - Trade & Customs practice, to answer these questions and more.