Tariff Types
This tariff type was overruled but imposed baseline duties on imports from virtually all trading partners.
What is IEEPA Reciprocal tariffs?
The U.S. Customs and Border Protection (CBP) program that refunds up to 99% of duties, taxes, and fees paid on imported goods....
What is Duty Drawback?
Approximately $10B in 2025
What is the amount of goods and services Pratt imports in a year?
This US Agency is responsible for administering all tariff collections and refunds.
Who is Customs and Border Protection (CBP)?
International Emergency Economic Powers Act
What does IEEPA stand for?
This tariff type was overruled but targeted Canada, Mexico, and China to address the influx of synthetic opiods.
What is IEEPA Fentanyl Tariffs?
A customs procedure allowing specific goods to enter a country duty-free for a limited time
What is TIB (Temporary Import Bond)?
The name of PWA customs broker.
This president passed the first formal Tax Act in 1789.
Who is George Washington?
Feb. 20th, 2026
What is the day the Supreme Court ruled IEEPA tariffs illegal?
This tariff type is used to impose temporary uniform import surcharges up to 15%.
What is Section 122 tariffs?
A required document (or statement) used to claim preferential tariff treatment for goods traded between the U.S., Mexico, and Canada
What is a USMCA certificate?
Greater than 90%
What is the Tariff Mitigation level at P&W?
2025 FY rate of 3.94%.
What is TLF or TOH?
The two types of IEEPA tariffs.
What is IEEPA Fentanyl and Reciprocal?
This tariff type is used to target unfair trade practices and is country specific.
What is Section 301 tariffs?
This organization allows custom entries with duty free treatment for articles for military departments when the materials are certified to the Commissioner of Customs.
What is DCMA?
$240M
What is the total Tariff cost recorded in 2025?
This process allows importers to correct entry errors (classification, value, country of origin, etc.).
What is Post Summary Correction (PSC)?
The Petitioner in the IEEPA case.
Who is Learning Resources, Inc.?
This tariff type targets specific industry commodities such as steel and aluminum.
What is Section 232 Tariffs?
This mitigation strategy allows duty free imports into a designated, secure area in the US.
What is a Foreign-Trade-Zone?
The first six PWA FTZ sites.
What is CEC, CSA, Middletown, NELC, North Berwick, SLC
Sets out the tariff rates and statistical categories for all merchandise imported into the United States.
What is the Harmonized Tariff Schedule (HTS)?
The three judges who dissented the Supreme Court ruling.
Who are Judge Thomas, Kavanaugh, and Alito?