The U.S. Court of Appeals for the Federal Circuit has officially extended the stay on the Court of International Trade’s May 28th ruling that struck down the IEEPA-based tariffs. This means that U.S. Customs and Border Protection (CBP) will continue collecting both the “fentanyl tariffs” (effective February 2025) and the reciprocal tariffs (effective April 2025) until at least late summer.

The appeals court has scheduled oral arguments for July 31, 2025, and has requested both parties submit their written arguments in advance of that hearing. For importers, this translates into no immediate relief on these significant additional duties—and more uncertainty ahead as the legal process plays out.

Meanwhile, President Trump made waves with a social media post claiming a new trade deal with China is coming soon; he suggested there has been a mutual agreement on a 55% China to U.S. tariff rate and 10% U.S. to China tariff rate, as well as Chinese commitments on rare earths and US commitments on student visas. Details remain unverified by official sources.

Shapiro is closely monitoring the tariff environment and will keep you apprised of any changes or updates as the situation progresses.