Tariff Updates for July
by Craig Brightup, The Brightup Group — Sec. 122 Tariffs Expire July 24 When the Supreme Court struck down International Emergency Economic Powers Act (IEEPA) tariffs in February 2026, President Trump shifted them to 10% tariffs under Sec. 122 of the Trade Act of 1974. This was a temporary move because presidential actions under Sec. […]
Navigating the Pending “Memorandum of Understanding”
by Dave Akers, IHSA The pending Memorandum of Understanding (MOU) to end the conflict and reopen the Strait of Hormuz that was heavily brokered by Pakistan between the U.S. and Iran was signed on June 17. However, it is still considered a “pending” document in the trade world due to it being an interim framework […]
