REGULATORY · MARKET STRUCTURE · GLOBAL
U.S. trade policy: new import tariffs take effect after Supreme Court ruling
Change
Fresh U.S. tariffs on imported goods took effect on February 24, 2026, as the administration also stopped collecting tariffs the Supreme Court deemed illegal.
Why it matters
The U.S. began applying new tariffs on February 24, 2026, with an initial rate described as 10% in a White House release tied to balance-of-payments deficits. This comes days after the Supreme Court struck down many of the administration’s prior global duties, forcing a change in what can be legally collected. The U.S. also stopped collecting the tariffs deemed illegal on February 24, creating a same-day transition from invalidated duties to a new tariff set. The net effect is a re-mapping of tariff liability across imported goods, with immediate implications for customs compliance, landed costs, and contract pricing tied to duty treatment.
Implications
- • Same-day shift in collectible duties changes landed costs for affected imports
- • Customs compliance exposure changes as invalidated tariff lines stop being collected
- • Trading partners face altered market access conditions via new U.S. duties
- • Contract pricing tied to duty treatment may require re-basing due to tariff reset
Who is affected
- • U.S. importers of tariff-covered goods and their customs brokers
- • Foreign exporters selling into the U.S. market in affected product categories
- • U.S. manufacturers/retailers with supply chains dependent on imported inputs
- • U.S. Customs and Border Protection tariff collection and compliance operations
Source
Read full article on The Hindu →
Topics
World & Politics Policy & Regulation Trade & Tariffs Law & Public Safety Court Rulings