403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
U.S. to Halt Collection of Additional Duties After Supreme Court Blow
(MENAFN) The U.S. Customs and Border Protection (CBP) will stop collecting additional duties under the International Emergency Economic Powers Act (IEEPA) beginning Tuesday, following a Feb. 20 ruling by the U.S. Supreme Court.
The agency’s Feb. 22 bulletin said the suspension covers ad valorem duties tied to seven executive orders issued between Feb. 1 and Aug. 6, 2025.
Last Friday, the Supreme Court declared that President Donald Trump’s sweeping tariffs under IEEPA — designed for national emergencies — were unlawful, striking down global levies introduced since April.
"In light of recent events, the additional ad valorem duties imposed pursuant to IEEPA shall no longer be in effect and, as soon as practicable, shall no longer be collected," the executive order stated.
Trump directed federal departments and agencies to immediately move to end collection of the duties.
According to estimates from the Penn-Wharton Budget Model, CBP has already collected up to $175 billion under IEEPA.
Despite the ruling, the Trump administration is set to impose a fresh 15 percent tariff on imports from all countries starting Tuesday, according to a White House proclamation and one of Trump’s social media posts on Saturday.
The agency’s Feb. 22 bulletin said the suspension covers ad valorem duties tied to seven executive orders issued between Feb. 1 and Aug. 6, 2025.
Last Friday, the Supreme Court declared that President Donald Trump’s sweeping tariffs under IEEPA — designed for national emergencies — were unlawful, striking down global levies introduced since April.
"In light of recent events, the additional ad valorem duties imposed pursuant to IEEPA shall no longer be in effect and, as soon as practicable, shall no longer be collected," the executive order stated.
Trump directed federal departments and agencies to immediately move to end collection of the duties.
According to estimates from the Penn-Wharton Budget Model, CBP has already collected up to $175 billion under IEEPA.
Despite the ruling, the Trump administration is set to impose a fresh 15 percent tariff on imports from all countries starting Tuesday, according to a White House proclamation and one of Trump’s social media posts on Saturday.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment