US to stop collecting Trump tariffs deemed illegal by Supreme Court from tomorrow

In a statement, the US Customs and Border Protection said tariff collections under the International Emergency Economic Powers Act (IEEPA) will cease at 12.01 am local US time (10.30 am IST) Tuesday, instructing importers that all related tariff codes will be deactivated in its cargo systems.
US to stop collecting Trump tariffs deemed illegal by Supreme Court from tomorrow
US to stop collecting Trump tariffs deemed illegal by Supreme Court from tomorrow
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The US will stop collecting a tranche of import tariffs imposed by President Donald Trump after the Supreme Court ruled the duties unlawful, forcing a sweeping rollback of a controversial trade tool that reshaped global supply chains and strained ties with major partners.

In a statement, the US Customs and Border Protection said tariff collections under the International Emergency Economic Powers Act (IEEPA) will cease at 12.01 am local US time (10.30 am IST) Tuesday, instructing importers that all related tariff codes will be deactivated in its cargo systems.

The halt comes more than three days after the court’s decision invalidated the emergency-based duties.

The agency gave no explanation for continuing to collect the tariffs in the interim and did not say whether importers would be refunded.

The suspension applies only to tariffs imposed under IEEPA and does not affect other Trump-era levies, including those under Section 232 national-security powers and Section 301 unfair-trade statutes.

"CBP will provide additional guidance to the trade community through CSMS messages as appropriate," the agency said.

The move coincides with Trump’s rollout of a new 15 per cent global tariff under a different legal authority to replace the struck-down duties, signalling a rapid pivot in US trade policy even as legal and financial fallout from the Supreme Court ruling continues.

Economists estimate the Supreme Court ruling could put more than 175 billion USD in US tariff revenue at risk of refunds, as the now-invalidated IEEPA duties had been bringing in over 500 million USD a day, news agency Reuters reported.

Source: India Today

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