Expeditors (EXPD) Status update summary

Key regulatory and trade developments

• CPSC import data filing becomes mandatory by July 2026, requiring importers to integrate product safety data into customs processes and manage ongoing compliance due to frequent product retesting.

• Medium and heavy-duty truck offset program now open, allowing U.S. manufacturers to earn credits for domestic production, which can be shared with suppliers to reduce import costs.

• Section 232 metals program consolidated, with new HTS list changes, USMCA content splits, and end-use rate reductions, emphasizing the need for detailed product knowledge and supply chain traceability.

• Customs increasingly expects importers to provide comprehensive documentation and traceability for all product components, with supply chain transparency becoming central to compliance.

Legal and judicial updates

• Supreme Court ruled IEEPA did not grant tariff authority to the President, leading to $166 billion in duty refunds; CBP is processing refunds in phases, with some entries requiring legal action for recovery.

• Section 122 tariffs remain in place pending court appeals, but are scheduled to expire July 24 unless Congress acts; administration may consider reusing Section 122 tariffs.

• Judicial challenges are increasingly common as importers seek court intervention on tariff actions, with compliance programs needing to adapt to evolving legal interpretations.

Section 301 and trade policy outlook

• Section 301 tariffs remain a key tool for U.S. trade policy, with ongoing reviews and new investigations targeting forced labor, excess capacity, and specific countries like Brazil and Vietnam.

• USTR is moving quickly on new remedies, with comment periods and hearings scheduled for late June and early July, aiming to implement measures before Section 122 tariffs expire.

• USMCA negotiations may lead to targeted changes or annual review cycles, with full withdrawal considered unlikely due to business support and supply chain integration.