Blow to Trump's tariffs: US to halt illegal duty collections on global imports from Tuesday
Times of India
by TOI BUSINESS DESKFebruary 23, 2026
AI-Generated Deep Dive Summary
The U.S. Customs and Border Protection (CBP) has announced that it will halt the collection of tariffs imposed under former President Donald Trump’s International Emergency Economic Powers Act (IEEPA) starting Tuesday at 12:01 a.m. EST. This move follows a Supreme Court ruling that invalidated these tariffs, which were widely criticized as overreaching executive authority. While the CBP will deactivate all IEEPA-related tariff codes, Trump has since introduced fresh 15% global tariffs under a separate legal framework, aiming to replace the invalidated duties. Importantly, other tariffs imposed under national security (Section 232) and unfair trade practices (Section 301) remain unaffected.
The decision to stop collecting IEEPA-related tariffs raises questions about refunds for importers who paid these duties in recent days following the Supreme Court ruling. However, the CBP has not yet addressed whether refunds will be issued or provided guidance on how importers can pursue them. According to Reuters, this suspension could make over $175 billion in U.S. Treasury revenue from IEEPA tariffs eligible for refunds, based on estimates from Penn-Wharton Budget Model economists. These tariffs had generated daily gross revenue of over $500 million.
The Supreme Court’s decision marks a significant blow to Trump’s tariff policies, which were often used as tools for international trade negotiations and diplomatic leverage, particularly with China. While the new 15% global tariffs aim to fill the void left by the invalidated IEEPA-based duties, their legality and impact on international trade relations remain uncertain. This legal and economic shift underscores the ongoing tensions between executive authority and judicial oversight in U.S. trade policy.
For readers interested in global trade dynamics, this development highlights the complex interplay between U.S. domestic law and international commerce. The halt of IEEPA tariffs
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Originally published on Times of India on 2/23/2026