Overview
- Treasury Secretary Scott Bessent said the administration expects to raise the rate from 10% to 15% this week, with the higher tariff expiring after 150 days unless Congress acts.
- The current 10% measure took effect on February 24 under Article 122 of the Trade Act of 1974, which caps such temporary tariffs at 15%.
- The U.S. Court of Appeals for the Federal Circuit rejected the administration’s bid to pause the refund fight and sent the matter back to the Court of International Trade.
- A judge at the Court of International Trade directed Customs and Border Protection to stop calculating the tariffs struck down by the Supreme Court, streamlining potential reimbursements as the court oversees the cases.
- More than 2,000 refund lawsuits are on file and analysts say the disputed 2025 collections topped about $130 billion, while reports indicate the planned 15% rate may be applied selectively and could spare some partners such as the EU.