By: The Trek News Desk
The United States Customs and Border Protection (CBP) has announced that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting 12:01 a.m. EST on February 24, 2026. The move comes three days after the Supreme Court of the United States declared the duties unlawful.
In a notice issued through its Cargo Systems Messaging Service (CSMS), CBP informed importers and shipping companies that all tariff codes linked to former IEEPA-related executive orders issued by President Donald Trump will be deactivated from Tuesday.
The development coincides with the administration’s rollout of a new 15% global tariff under a separate legal authority, replacing the duties that the Court struck down. However, CBP has not clarified why the tariffs continued to be collected at U.S. ports for several days following the judicial ruling.
The agency emphasised that the suspension applies only to IEEPA-based tariffs. Duties imposed under Section 232, which addresses national security concerns, and Section 301, which targets unfair trade practices, will remain in force.
CBP added that further updates for the trade community will be communicated through additional CSMS notifications. Currently, there is no official guidance available regarding potential refunds for importers who paid the now-invalidated tariffs.
According to estimates cited in recent reports, the Supreme Court’s decision could put nearly $175 billion in previously collected revenue at risk of refunds. Economists from the Penn-Wharton Budget Model have estimated that tariffs imposed under IEEPA were generating more than $500 million per day in gross revenue.
Trade analysts believe the ruling, along with the administration’s swift policy adjustments, could have far-reaching implications for U.S. trade policy and the broader import-export sector.
Source: News Agencies
