NAMM Policy Priorities

September 21, 2026 Trade Policy Update: New Russia Sanctions Law Raises Stakes for Music Industry Supply Chains NAMM's September 18 tariff webinar brought members up to speed on two major developments: continued progress refunding IEEPA tariffs, and a newly passed law that could dramatically raise tariff exposure for instruments and parts sourced from China and other countries tied to Russian energy trade. WATCH SEPTEMBER 18 WEBINAR IEEPA Refunds: Progress, With Gaps Panelists reported that of an estimated 53 million IEEPA entries eligible for refund, roughly 27.2 million (51%) have been processed, representing about $134.7 billion — 81% of the estimated $166 billion owed. Larger importers appear to be further along in receiving refunds than smaller businesses, though panelists noted this wasn't confirmed in court filings. A portion of unprocessed claims may be tied to incorrect banking (ACH) information submitted with refund requests, so businesses awaiting refunds are encouraged to double-check that their information is accurate. Phase 3 of the refund process — covering older, more complex liquidated entries — begins October 6. A New Tool: The Russia Sanctions Act Th