The US Customs and Border Protection agency in a recent order said it will halt the collection of tariffs imposed under the International Emergency Economic Powers Act starting Tuesday after a Supreme Court verdict deemed such US tariffs as illegal.
The order comes three days after a similar such statement was made available on the White House website on 20 February.
The US will stop collecting the Trump tariffs from 12.00 am EST on 24 February, it said.
“Duties imposed pursuant to IEEPA under the following presidential actions, including all modifications and amendments, will no longer be in effect and will no longer be collected for goods entered for consumption or withdrawn from warehouse for consumption, on or after 12:00 a.m. eastern time on February 24, 2026,” the order by the US Customs and Border Protection agency noted.
In the message to shippers on its Cargo Systems Messaging Service (CSMS), the CBP said that it will de-activate all tariff codes associated with President Donald Trump's prior IEEPA-related orders as of Tuesday.
It said that the order is applicable only to duties under IEEPA and does not affect other tariffs, including those imposed under Section 232 of Trade Expansion Act.
“This EO affects IEEPA duties only and does not affect any other duties, including duties imposed under section 232 of the Trade Expansion Act of 1962, as amended, and section 301 of the Trade Act of 1974, as amended,” the order said.
This essentially means that countries including India, China, Bangladesh and others that were paying US tariffs under Trump's 2025 action will no longer need to pay the same.
Interestingly, the halt of the earlier US tariffs comes on the day that the Trump administration will start charging a blanket 15% tariff from all countries under a different legal authority to replace the ones struck down by the Supreme Court on Friday.
It did not give any reason as to why it was still collecting the duties at ports of entry days after the Supreme Court's ruling. It also did not contain any clarity of a possible refund to importers who have been paying duties since last year.
The Customs and Border Protection Agency further said it will provide additional guidance as and when required.
“CBP will provide additional guidance to the trade community through CSMS messages as appropriate,” it said.
The agency asked parties to direct their questions to the office of trade relations, providing an email id.
“Questions regarding this message should be directed to CBP’s Office of Trade Relations at traderelations@cbp.dhs.gov.,” it said.
According to the CBS website, the following tariffs that were being collected will be halted —
Swastika is a Digital Content Producer at LiveMint, covering business news and business trends. She has always been intrigued by the numbers that drive news, which has led to a passion for covering finances as a beat - be it personal finance or corporate. Originally from Kolkata, Swastika’s love for news started at home where her family made sure she read newspapers since she was a kid. <br> With over five years of experience in digital news, and one year at LiveMint, her focus includes writing on the business and personal finance beats. Swastika is a 2020 graduate from the Asian College of Journalism, Chennai, with a specialisation in New Media. Before her current role at LiveMint, she worked at major publications like The Telegraph Online, News18.com and The Economic Times. As a Digital Content Producer at LiveMint, she has extensively covered topics like income tax, Union Budget, economy, personal finance tools and cryptocurrency. <br> Swastika’s specialisations include: <br> Corporate news: Writing and breaking stories from corporates and companies <br> Business trends: Finding what's trending in business and churning original stories <br> Personal finance explainers: Writing explainers on income tax, provident fund, etc. <br> Swastika can be followed on her <a href="https://www.linkedin.com/in/swastika-das-sharma-82a464153/">LinkedIn</a> profile as well as on X at <a href="https://x.com/swastika1005">@swastika1005</a>. She can be reached by email via <a href="swastika.sharma@htdigital.in">swastika.sharma@htdigital.in</a>.
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.