U.S. Customs and Border Protection (CBP) will cease collecting tariffs previously imposed under the International Emergency Economic Powers Act (IEEPA) starting 12:01 a.m. EST on February 24, 2026. This follows a landmark U.S. Supreme Court ruling declaring the levies unlawful, marking a pivotal shift in trade policy.
The tariffs, enacted during the Trump administration under national emergency powers, targeted specific imports through executive orders. CBP confirmed via its Cargo Systems Messaging Service that all related tariff codes will be deactivated, relieving shippers of billions in annual duties. Analysts suggest the decision could ease tensions in global supply chains and reshape U.S. trade strategies.
Legal experts highlight the ruling as a check on executive authority, emphasizing that the Court found the tariff impositions exceeded statutory limits. Businesses and investors are closely monitoring how this development impacts cross-border trade flows and market stability in Asia and beyond.
