U.S. imports are likely to continue to fall in the remaining months of 2025 as waning consumer confidence is putting pressure on import demand, according to multiple sources.

Former U.S. trade representative Michael Froman said the standards set by the World Trade Organization have been under stress for 15 years, and that its principles of global non-discrimination, bound tariff levels and restrictions on what can count as a bilateral or regional trade deal are dead for good.

Goods subject to International Emergency Economic Powers Act tariffs are eligible for refunds of those tariffs via post-importation claims under USMCA, provided that importers of record can submit a valid, substantiated claim under USMCA within one year of the date of importation, according to a Sept. 10 update to CBP's FAQ webpage on questions related to IEEPA.

Sureties that provide importers with customs bonds say that they're able to handle covering the potentially significantly higher amounts of duties that importers may owe because of tariff rate increases, according to two companies interviewed by International Trade Today.

Nine legislative days before three trade preference programs expire, Senate Finance Committee Chairman Mike Crapo, R-Idaho, said both he and House Ways and Means Committee Chairman Jason Smith, R-Mo., are working to make sure the tariff breaks for these developing countries continue past Sept. 30.

International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.

The Supreme Court on Sept. 9 agreed to hear two cases on the legality of tariffs imposed under the International Emergency Economic Powers Act and to do so on an expedited basis. The court set a briefing schedule that would conclude by Oct. 30 and set argument for the first week of November (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).

White House trade official Peter Navarro will need to be sidelined for a trade deal between the U.S. and India to emerge, according to Mark Linscott, a former assistant U.S. trade representative for South and Central Asia. Navarro's comments about India have inflamed the conflict, Linscott said, and have made trade negotiations more difficult.

Nearly 40 minerals -- including gold bullion -- as well as sintered neodymium-iron-boron magnets and LEDs are no longer subject to reciprocal tariffs.

The Treasury Department will refund tariffs imposed through the International Emergency Economic Powers Act if the government loses its case at the Supreme Court, Treasury Secretary Scott Bessent said.