#US to stop collecting #tariffs deemed illegal by #SCOTUS on Tuesday
The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act [ #IEEPA] at 12:01 AM EST on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal.
#law #Trump #judiciary #economy #trade #geopolitics
https://www.reuters.com/world/us/us-customs-agency-stop-collecting-tariffs-deemed-illegal-by-supreme-court-2026-02-23/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
#CBP said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all #tariff codes associated with Trump's prior #IEEPA related orders as of Tuesday.
The IEEPA tariff collection halt coincides with Trump's imposition of a new, 15% global tariff under a different legal authority to replace the ones struck down by #SCOTUS on Friday.
#law #Trump #judiciary #economy #tariffs #trade #geopolitics