Surprisingly, the Court of International Trade (CIT) issued their decision today in the lawsuit against the USTR’s imposition of Sec. 301 Lists 3 and 4. Unfortunately, the CIT ruled in favor of the government. As we had stated previously, ‘whoever loses at the CIT will appeal’ and that is what will happen. The lead counsel for the Importer’s Group stated that they believe that the decision is “legally unsound” and will appeal it to the Court of Appeals for the Federal Circuit (CAFC) in Washington, DC. The appeal process will take at least a year with a decision coming sometime after that, hopefully by the end of 2024 but there are no guarantees.