Host: Cindy Allen
Show: Simply Trade – Cindy’s Version
Published: March 6, 2026
Length: ~13 minutes
Presented by: Global Training Center

Ready For It? CBP’s IEEPA Refund Proposal Drops—Here’s What’s Next

Cindy Allen, CEO of TradeForce Multiplier, dives into the latest trade developments through Taylor Swift’s “Ready For It?”—perfect for the “let the games begin” drama unfolding in IEEPA refund hearings. From DHS shakeups and Section 122 lawsuits to CBP’s just‑filed refund blueprint, Cindy unpacks the mechanics, open questions, and what importers/brokers should do now.

What You’ll Learn in This Episode

DHS leadership change
- Secretary Noem removed; scuttlebutt suggests more exits at DHS/CBP headquarters.
- New nominee: Oklahoma senator with broad congressional/President support (not yet formal).
Section 122 tariff challenges
- 24 states sue in Court of International Trade, arguing Section 122 doesn’t meet “imbalance of payments” requirement for universal tariffs.
- Commerce Secretary Besant hints at 15% rate hikes for specific industries, potentially violating Section 122’s uniform application rule—no movement yet (as of Friday afternoon).
USMCA signals
- Congress supports extension, but President has final say.
- Discussions on trilateral vs. bilateral (U.S.–Canada, U.S.–Mexico); some push for 1‑year extension to renegotiate post‑tariff chaos.
Global disruptions
- Iran war halts Strait of Hormuz traffic, backing up oil tankers and vessels reliant on that fuel—broad transportation ripple effects.
USTR advisory opportunity
- Nominations open for 4 USTR trade advisory groups (separate from COAC)—check Federal Register notices.
- Chance to influence policy, build government/industry relationships.

Why “Ready For It?”

Cindy channels Taylor Swift’s “Ready For It?” for the IEEPA refund “dating game” between DOJ, CBP, and CIT:

Federal Circuit rejected government’s 90‑day delay request, remanded immediately to CIT.
CIT hearing (March 4) was “entertaining” bickering—judge ruled no suit needed for non‑final entries and ordered CBP to liquidate without IEEPA duties.
CIT conference (March 6, closed): CBP filed a refund proposal.

CBP’s IEEPA Refund Proposal Breakdown

How it would work:
- Importers file ACE declaration with Excel list of affected entries.
- ACE runs validations, auto‑recalculates IEEPA refund.
- CBP verifies declaration accuracy.
- ACE auto‑liquidates; CBP certifies; Treasury issues refunds (as normal).
- Estimated 45 days for CBP programming.
Open questions:
- Entry updates: ACE is system of record—will underlying entry summaries be corrected? (Critical for protests, PSCs, reconciliation, drawback.)
- Broker involvement: ABI required? Broker systems need programming? Push/pull updates?
- Reconciliation: How handled in bulk process?
- PSC/audit impact: Can filers still correct miscl...