International trade, cross-border commerce, tariffs, customs, and global market dynamics.
CBP has postponed CAPE Phase 3, the tranche covering roughly $11.4 billion of IEEPA tariff refunds on finally liquidated entries, with no new launch date. About 64% of the $166 billion pool has been certified, leaving $59.4 billion outstanding and a legal split between importers who sued and those who did not.
A Section 232 proclamation signed August 13 imposes a 100% duty on drones over 25 kg, thermal-capable UAS, docking stations and critical components from September 3, with 25% on lighter consumer models. The tariff lands on a US category already short of stock after UFLPA customs detentions and the FCC Covered List.
PVH Corp. reports second quarter fiscal 2026 results after the close on Wednesday, September 2, with the analyst call the next morning. Guidance embeds about USD 100 million of IEEPA tariff refunds, worth roughly 470 basis points of operating margin, while revenue is guided down 3% to 4%.
Five Below reports second quarter fiscal 2026 results after the close on September 2, guiding $1.18bn to $1.20bn in sales and $1.15 to $1.27 in GAAP EPS. The outlook assumed tariffs would revert after July 24 and excluded refunds that peers have already booked.
Three challenges to the Section 301 forced-labor tariffs now share one briefing schedule at the US Court of International Trade, with the government’s consolidated response due September 15, 2026. The duties cover 60 economies and 99.4 percent of US imports.
USTR may implement textile and apparel tariff-rate quotas for Bangladesh, Cambodia, Indonesia and Malaysia no earlier than September 1, with qualifying volume tied to each economy’s purchases of US cotton and textile inputs. No implementing notice has been published, leaving importers pricing autumn orders against the flat 10% Section 301 forced-labor rate.
Burlington received $55 million in tariff refunds in the second quarter and will reinvest every dollar in lower prices rather than book it as profit. The decision cut third-quarter guidance about 19% below consensus and sent the stock down 6.35%.
US Section 232 tariffs on patented pharmaceuticals extend to all remaining importers on September 29, 2026 at a headline rate of 100%. Generics are excluded and country caps cut the rate to 10% to 15% for major origins, but retail pharmacy still faces the cost through acquisition prices and footfall.
Executive Order 14411’s 90-day tranche lands on Tuesday, September 1, forcing CBP to floor penalty mitigation at 50 percent and to speed up the seizure, abandonment and disposal of non-compliant imports. For retailers and marketplace sellers importing after the end of de minimis, the cost of a customs mistake changes shape.
The United States is preparing a 7.5% tariff on Chinese goods under a Section 301 excess capacity investigation, a step that would lift replacement duties to the 20% ceiling Beijing says Washington agreed to. Officials want the findings published before the September 24 summit in Washington.