The Strait of Hormuz Is Effectively Closed to Commercial Shipping Nine days into the U.S.-Iran war, the Strait of Hormuz — the narrow waterway through which roughly 20% of the world's oil supply and a significant volume of containerized cargo flows — has become a war zone. Every major ocean carrier has now suspended transits through the strait, creating the most severe shipping disruption since th...
What the Supreme Court Ruling, CIT Order, and CBP’s 45-Day Timeline Mean for Your Refund By the Customs & Compliance Team at Transmodal Corporation
Classification: Client Advisory | Severity: Critical
Supreme Court Strikes Down IEEPA Tariffs: What Changed and What It Costs You On February 20, 2026, the U.S. Supreme Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize the president to impose tariffs. The decision invalidates $160 billion in collections through February 20 and eliminates what would have been $1.4 trillion in tariff revenue through 2035.
A growing push to close the Harbor Maintenance Tax (HMT) land-border loophole could reshape how cargo moves into the United States — and it's gaining serious momentum in 2026.
Government shutdown customs delays](https://www.dhs.gov) are a real possibility that importers need to prepare for. When layered on top of the ongoing Federal Maritime Commission shutdown that's now entering its third week, the situation creates a dual-agency disruption with cascading effects throughout the supply chain.
-1.png?width=1140&name=TMC_LI%20Newsletter%20banner%20(2)-1.png)
