ENA Global 2026-02-23 17:52:04 <p><span style="font-size:14px"><strong>New Delhi, Feb 23 (KNN)</strong> The US Customs and Border Protection (CBP) said it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) from February 24, 2026. </span></p> <p><span style="font-size:14px">The move comes more than three days after the Supreme Court of the United States ruled the duties unlawful.</span></p> <p><span style="font-size:14px">In a notice to shippers through its Cargo Systems Messaging Service (CSMS), CBP said it will deactivate all tariff codes linked to President Donald Trumps IEEPA-related orders from the same date, according to Reuters.</span></p> <p><strong><span style="font-size:14px">New 15% Tariff Under Separate Authority</span></strong></p> <p><span style="font-size:14px">The suspension of IEEPA-based collections coincides with the imposition of a new 15 per cent global tariff announced by Trump under a different legal authority, replacing the tariffs struck down by the court on February 20.</span></p> <p><span style="font-size:14px">CBP did not explain why collections continued at ports of entry in the days following the Supreme Court ruling. The agencys message also did not provide details on potential refunds to importers.</span></p> <p><strong><span style="font-size:14px">Other Tariffs Unaffected</span></strong></p> <p><span style="font-size:14px">CBP clarified that the halt applies only to IEEPA-related tariffs and does not affect other duties imposed under Section 232, which covers national security-related tariffs, or Section 301, which addresses unfair trade practices.</span></p> <p><span style="font-size:14px">The agency said it will issue further guidance to the trade community through additional CSMS notices as required.</span></p> <p><strong><span style="font-size:14px">Revenue at Stake</span></strong></p> <p><span style="font-size:14px">According to a February 20 report by Reuters, the Supreme Court decision could make more than USD 175 billion in US Treasury revenue collected under IEEPA subject to possible refunds. </span></p> <p><span style="font-size:14px">Estimates by economists at the Penn-Wharton Budget Model indicate that IEEPA-based tariffs had been generating over USD 500 million per day in gross revenue.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 45252 https://knnindia.co.in/news/newsdetails/global/us-customs-to-halt-ieepa-tariff-collections-from-feb-24-following-sc-ruling 2026-02-23 17:52:04 knnindia.co.in