Simply Trade Titelbild

Simply Trade

Simply Trade

Von: Global Training Center
Jetzt kostenlos hören, ohne Abo

Über diesen Titel

 Do you find yourself randomly classifying products… when you are not at work? Does the reason why you jump out of bed every morning have anything to do with validating your supply chain to insure trade compliance? Did you sit in your favorite chair with a glass of wine, paging through the latest regulations and thought to yourself, ‘what a great way to spend my free time’? If any of these apply to you, then you are very likely a ‘trade geek’… that is why we created Simply Trade just for you. Your hosts, Andy and Lalo have a combined 60+ years in the industry. Covering everything from logistics to technology. There is so much to learn with the ever-evolving world of trade. We’ve invited some friends over to our podcast to simply ’shoot the ship’ on all things trade. So join us every week as we discuss current and important trade topics with experts in their field who are passionate about helping you succeed! You’ll never run out of things to learn when it comes to trading goods across international borders. Let’s get to it!Copyright 2024 All rights reserved. Ökonomie
Folgen
  • [ROUNDUP] Can You Get Your Money Back? IEEPA Tariffs, 15% Surcharge, and Duty Drawback with Scott Sorenson

    [ROUNDUP] Can You Get Your Money Back? IEEPA Tariffs, 15% Surcharge, and Duty Drawback with Scott Sorenson
    Feb 23 2026
    Host: Annik Sobing Guest: Scott Sorenson (CEO at CITTA Brokerage Company) Published: February 2026 Length: ~25–30 minutes Presented by: Global Training Center IEEPA Tariffs Struck Down: What Importers Can Do Now (and What They Still Can’t) In this Simply Trade Roundup, Annik talks with Scott Sorenson, CEO of SIDA Brokerage, about the Supreme Court’s decision that the president exceeded his authority by using the International Emergency Economic Powers Act (IEEPA) to impose broad, revenue‑raising tariffs—and what that actually means for importers on the ground. They unpack which tariffs are impacted, what stays in place, key timing details, the refund question, and how duty drawback fits into all of it.​ What You’ll Learn in This Episode What the Supreme Court actually decided Why the Court held that tariffs are fundamentally a tax, and that power belongs to Congress unless clearly delegated by statute. How the ruling targets IEEPA‑based tariffs, not all tariffs.​ Which tariffs are affected—and which are not Impacted: The 2025 “drug trafficking” (fentanyl) tariffs on Mexico, Canada, and China (25% under an emergency declaration). The later “reciprocal” tariffs, also imposed under IEEPA, with rates starting at 10% and going higher based on perceived trade imbalances. Not impacted: Section 232 (steel/aluminum) and Section 301 tariffs introduced in Trump’s first term (2018–2019), which remain in place and were not struck down.​ Key timing: when IEEPA tariffs actually stop CBP will stop collecting IEEPA tariffs on goods entered for consumption or withdrawn from warehouse for consumption on or after 12:00 a.m. Eastern, February 24, 2026. Goods entering or withdrawn before that time (including February 23) are still being charged IEEPA duties, despite the Court’s ruling—creating a frustrating “limbo” day for importers.​ The big unknown: refunds on IEEPA duties It is still unclear whether, and how, importers can obtain refunds of IEEPA tariffs already paid. Many trade attorneys are advising against simple protests and instead suggesting participation in, or filing of, Court of International Trade lawsuits as the likely avenue—though eligibility and timelines remain unsettled. Open questions include whether only parties that joined lawsuits before the Supreme Court decision will qualify, and how any refund mechanism would practically work given estimates of over 100 billion dollars collected.​ New 15% global tariff under Section 122 Following the ruling, President Trump announced a 10% global tariff, then quickly raised it to 15%, on top of all existing non‑IEEPA tariffs. This measure relies on Section 122 of the 1974 Trade Act, which allows the president to impose tariffs for up to 150 days. Scott expects this to serve as a bridge while the administration seeks a longer‑term, more permanent tariff framework—possibly through new legislation or other authorities.​ Duty drawback: where it fits and where it doesn’t Duty drawback basics: refunds of duties/tariffs on imported goods that are later exported or destroyed, a program that has existed for nearly 250 years and has become more critical as tariffs have risen. Inconsistencies across programs: Fentanyl/“drug trafficking” IEEPA tariffs were explicitly ineligible for drawback. Reciprocal IEEPA tariffs were eligible. Section 232 tariffs are not eligible; Section 301 tariffs are. For the new Section 122 15% tariffs, eligibility will likely depend on whether they are explicitly excluded in future guidance. Historically, exclusions have been clearly spelled out, so silence may mean eligibility.​ Drawback vs. potential IEEPA refunds Drawback is separate from any Supreme Court‑related IEEPA refund mechanism. Importers that already claimed drawback on IEEPA‑burdened goods and later receive a broader IEEPA refund would need to avoid double dipping—likely refunding drawback amounts if they also get a full tariff refund via litigation/settlement. For importers that don’t export, drawback isn’t an option, so any recovery depends entirely on whatever refund path, if any, emerges for IEEPA tariffs.​ Should you start or expand a drawback program now? Scott’s answer: yes, especially if you export. Reasons: Tariff volatility is likely to continue, and the administration has signaled interest in more and longer‑term tariffs. Drawback is one of the few mitigation tools that works retroactively, not just going forward. Setting up a drawback program and getting CBP approval takes time; starting now puts you closer to the front of the line for future refunds.​ Key Takeaways The Supreme Court has ended IEEPA’s use as a broad revenue tool, but IEEPA tariffs are only stopping prospectively as of February 24, and refund mechanics for the past year remain unresolved.​ Section 232 and 301 tariffs are untouched and remain fully in force; the tariff ...
    Mehr anzeigen Weniger anzeigen
    23 Min.
  • Cindy's Version: Congress, Not the President: Supreme Court Limits IEEPA Tariff Power

    Cindy's Version: Congress, Not the President: Supreme Court Limits IEEPA Tariff Power
    Feb 20 2026
    Host: Cindy Allen Published: February 20, 2026 Length: ~18 minutes Presented by: Global Training Center Summary “Tariff Friday” may go down as one of the most pivotal days in recent trade history. In this episode of Simply Trade: Cindy’s Version, Cindy Allen breaks down the U.S. Supreme Court’s 6–3 decision ruling that IEEPA does not authorize the President to impose tariffs. The Court found that the authority to levy taxes and tariffs belongs to Congress, and that the term “regulate” under IEEPA does not include the power to raise revenue. Inspired by Taylor Swift’s Opalite, Cindy walks through what the ruling actually says, what it does not say, and what importers and customs brokers should do right now while awaiting further instruction from the Court of International Trade (CIT) and CBP. The decision may have brought sunlight—but operational clarity will take time. This Week in Trade (Before the Ruling) • Awaiting details on Taiwan 15% MFN (or higher) structure • Pending clarification on India IEEPA reciprocal adjustment (25% to 18%) • Indonesia agreement announced with 19% tariff and textile tariff-rate quota • No movement on elimination of First Sale • No further action on ending IEEPA on Canada • U.S. manufacturing indicators down; stock market up The Supreme Court Decision The Supreme Court issued a 6–3 opinion finding that IEEPA does not grant authority to impose tariffs. Key findings: • IEEPA contains nine enumerated action verbs — none include taxing or raising revenue • Congress alone holds the constitutional authority to levy tariffs • Specific delegated authorities (Sections 301, 232, 122, 338) include limitations and procedural controls • Because Congress created these specific tariff authorities, a broad IEEPA tariff authority cannot be implied • During peacetime, the President does not have independent tariff authority The Court remanded the case back to the lower court — likely the U.S. Court of International Trade (CIT) — which must now issue implementation instructions. What We Still Don’t Know • When the CIT will issue instructions • When (or if) CBP will suspend IEEPA tariff collection • Whether refunds will be automatic or require action • Whether de minimis is affected • Whether related trade agreements tied to IEEPA remain intact • Whether the administration pivots to Section 122 or 338 authorities What Importers Should Do Right Now Cindy’s recommendation is clear: Continue paying duties until formal CBP guidance is issued. Why? • Duties were in effect at time of entry • Monthly statement entries could otherwise be considered unpaid • CBP systems still contain IEEPA tariff numbers and edit checks • Programming updates will take time Stopping payment prematurely could create compliance risk. Refunds, when issued, will likely require formal action — potentially protests, post-summary corrections, or other ACE updates. Given the volume of entries involved, automatic refunds appear unlikely. Key Takeaways • IEEPA tariffs have been ruled unlawful for revenue purposes • Congress retains sole tariff authority • Operational changes will depend on CIT and CBP implementation • Continue paying duties until official guidance is issued • Refund mechanics remain unclear • Trade professionals must remain disciplined and patient Resources & Mentions • Global Training Center • TradeForce Multiplier • U.S. Supreme Court Opinion (24-1287) Credits Host: • Cindy Allen – LinkedIn • TradeForce Multiplier Producer: • Lalo Solorzano – LinkedIn Subscribe & Follow New episodes every Friday. Presented by Global Training Center — providing education, consulting, workshops, and compliance resources for trade professionals. • Simply Trade Podcast on LinkedIn • Global Training Center on LinkedIn • YouTube • Spotify • Apple Podcasts • Trade Geeks Community
    Mehr anzeigen Weniger anzeigen
    11 Min.
  • Inside the Port: Infrastructure, Growth & the Future of New Orleans with Kristi App

    Inside the Port: Infrastructure, Growth & the Future of New Orleans with Kristi App
    Feb 19 2026
    Episode: #444 Hosts: Andy Shiles & Lalo Solorzano Guest: Kristi App, Chief Commercial Officer, Port of New Orleans Published: February 2026 Length: ~35 minutes Presented by: Global Training Center 🏗️ Episode Summary This week, Andy and Lalo shift gears from tariff talk and policy debates to something just as critical — port infrastructure and cargo flow. They sit down with Kristi App, newly appointed Chief Commercial Officer for the Port of New Orleans, to discuss her transition from a multi-generational family customs brokerage to one of the most important trade gateways in the United States. From Mardi Gras humor to multimodal logistics strategy, this conversation dives into: The economic impact of the Mississippi River complex Why the Port of New Orleans is uniquely positioned with all six Class I rail connections The realities of competing with Brazil and Argentina in agricultural exports Panama Canal water levels and their impact on Gulf trade Infrastructure challenges (including bridge air draft restrictions) And the future $2 billion container terminal expansion in Violet, Louisiana Kristi brings a rare perspective — someone who has worked export ops, import brokerage, business development, and trade advocacy — now sitting on the port side making strategic infrastructure decisions that shape supply chains. If you work in logistics, brokerage, importing, exporting, or trade policy, this episode gives you a behind-the-scenes look at how ports think — and how that thinking impacts your freight. 🚢 Key Takeaways The Lower Mississippi River complex feeds, fuels, and powers the world — over 60% of U.S. grain exports flow through it. The Port of New Orleans is the only deep-draft U.S. port connected to all six Class I railroads. Freight always has a choice — ports must remain competitive and multimodal. Brazil and Argentina have become serious competitors in global ag exports. The Panama Canal’s stabilization benefits the entire Gulf ecosystem. The Crescent City Connection bridge creates air draft limitations for larger container vessels. A new $2 billion container terminal (2 million TEU capacity) is in final permitting stages — a generational infrastructure project. Retain, repatriate, and grow cargo: the port’s commercial strategy in three words. 🌎 Why This Matters to Trade Professionals Kristi emphasizes something important: Ports are the nexus of trade — but they only work if infrastructure investments match market demand. For brokers and importers/exporters, that means: More routing options Multimodal flexibility (rail + river + interstate) Competitive Gulf Coast alternatives Future-ready capacity for larger vessels This episode is a reminder that policy debates are one thing — but infrastructure is what actually moves goods. 📍 Industry Events Mentioned TPM Conference – Long Beach Journal of Commerce Breakbulk Conference – New Orleans (April 20–22) 🔗 Resources & Mentions Kristi App – LinkedIn Port of New Orleans National Customs Brokers & Forwarders Association of America (NCBFAA) Journal of Commerce U.S. Army Corps of Engineers – Mississippi River Channel Management 🎧 Credits Hosts: Andy Shiles Lalo Solorzano Guest: Kristi App, Chief Commercial Officer, Port of New Orleans Produced & Presented by: Global Training Center 📢 Subscribe & Follow Stay connected with the Simply Trade community: LinkedIn – Andy Shiles LinkedIn – Lalo Solorzano LinkedIn – Global Training Center YouTube – Simply Trade Podcast Spotify – https://open.spotify.com/show/09m199JO6fuNumbcrHTkGq?utm_source=SimplyTradePodcast Apple Podcasts – https://podcasts.apple.com/us/podcast/simply-trade/id1640329690?utm_source=SimplyTradePodcast Trade Geeks Community – https://globaltrainingcenter.com/portal/?utm_source=SimplyTradePodcast
    Mehr anzeigen Weniger anzeigen
    36 Min.
Noch keine Rezensionen vorhanden