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IEEPA Tariff Refunds Expand, Inflation Exceeds Wage Growth, Prime Day Impact
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 In this week's edition: IEEPA tariffs are expanding as is administrative push back; inflation is greater than wage growth; and Prime Day is making an impact across all of ecommerce.


If you need help with your ecommerce accounting, sales tax, inventory management, CFO, or other accounting related issues, let us know.

Top 3

1. [READ] CBP Announces Phases 2 and 3 of the IEEPA Tariff Refund Process

  • US Customs and Border Patrol (CBP) launches Phase 2 tariff refund processing for reconciliation entries on June 29.
  • Phase 3 targets finally liquidated entries, expected by end of July.
  • Refund eligibility remains uncertain; some importers may still need court action.

2. [READ] Inflation is Exceeding Wage Growth Again

  • The April Consumer Price Index (CPI) hit 3.8%, exceeding wage growth of 3.6% for job stayers.
  • Inflation above wage growth increases pressure for raises and labor-cost budgets.
  • Use market wage data first; consider inflation when managing employee expectations.

3. [READ] Prime Day Has Remade the Retail Calendar

  • Prime Day drove $24.1 billion in U.S. ecommerce sales, up 30.3% year-over-year.
  • Walmart, Target, and others now schedule competing events around Prime Day demand.
  • SMBs can win with bundles, exclusives, and visibility during heightened shopper intent.


In Other News

[WEBINAR] Going Global 101: Tax & Tariffs for DTC Ecommerce Brands

  • If you're shipping products internationally, there's a lot more to get right than you might think.
    • Find out why incorrect or missing HS codes lead to shipment delays and surprise customer charges.
    • Learn how automation tools like Avalara keep you compliant as tariff rates constantly shift.
    • Understand how your ecommerce platform (like Shopify) can plug into a global compliance solution.
    • See how LedgerGurus handles your US tax compliance while Avalara powers your international calculations.

[READ] America Has a Credit Card Problem, Just Not the One You Think

  • 13% of card balances are 90+ days delinquent, near post-2008 highs.
  • Consumer debt payments equal 5.4% of income, down from 7%+ two decades ago.
  • Banks are tightening credit, potentially slowing spending growth.

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