United States halts collection of IEEPA tariffs
Change
United States CBP will halt collections of tariffs imposed under the International Emergency Economic Powers Act by deactivating all associated tariff codes at 12:01 a.m. EST on February 24, 2026.
Why it matters
The action blocks further daily Treasury receipts from the IEEPA duties—estimated at roughly $500 million per day—and places more than $175 billion of previous receipts in scope for potential refunds. It also creates uncertainty for importers and shippers about refund procedures while leaving tariffs imposed under Section 232 and Section 301 still collectible.
Implications
- • United States-based shippers and customs brokers must monitor CBP Cargo Systems Messaging Service messages for operational guidance on code deactivations and entry processing.
- • Importers with entries assessed IEEPA tariffs must assemble documentation and review entry records in case they need to file for refunds or adjustments.
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Source
Topics
Policy & Regulation Trade & Tariffs Court Rulings Regulatory Actions