MARKET STRUCTURE · REGULATORY · USA
CBP halts IEEPA tariff collections after Supreme Court ruling
The Hindu
23 Feb · 3:36 AM
Change
U.S. Customs and Border Protection will stop collecting tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST on February 24, 2026, and will deactivate the associated tariff codes.
Why it matters
CBP’s cutoff creates a hard timing boundary for shipments clearing U.S. customs, with IEEPA duty lines removed from collection starting 12:01 a.m. EST on Feb. 24, 2026. The agency message indicates the operational change is implemented via deactivation of the relevant tariff codes, affecting how entries are filed and liquidated. CBP explicitly carved out other tariff programs, including Section 232 (national security) and Section 301 (unfair trade practices), so exposure under those authorities remains unchanged. The notice did not provide a rationale for continued collections after the Supreme Court decision or any details on whether refunds will be issued for duties collected after the ruling. The collection halt coincides with a new 15% global tariff being imposed under a different legal authority, shifting the legal basis for tariff exposure rather than eliminating it.
Implications
- • IEEPA tariff codes removed from CBP systems starting Feb. 24, 2026
- • Post-ruling IEEPA duty refund status remains unspecified by CBP
- • Section 232 and Section 301 tariff liabilities remain in force
- • Tariff exposure shifts to a new 15% global tariff under other authority
Who is affected
- • U.S. importers and customs compliance teams filing entries
- • Customs brokers and freight forwarders using CBP tariff codes
- • Foreign exporters shipping goods into the U.S.
- • U.S. retailers and manufacturers with tariff-sensitive supply chains
Source
Read full article on The Hindu →
Topics
World & Politics Trade & Tariffs Law & Public Safety Court Rulings Regulatory Actions