US to stop collecting tariffs deemed illegal by Supreme Court on Tuesday

February 23, 2026 12:29 PM

US to stop collecting tariffs deemed illegal by Supreme Court 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 at 12:01 a.m. EST (0501 GMT) on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal. The agency said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all tariff codes associated with President Donald Trump's prior IEEPA-related orders as of Tuesday. The IEEPA tariff ...

Tariff ruling limits Trump’s leverage but won’t end uncertainty for trade partners

February 23, 2026 11:40 AM

Tariff ruling limits Trump’s leverage but won’t end uncertainty for trade partners

The U.S. Supreme Court's decision to strike down a large swath of President Donald Trump's tariffs has weakened his ability to threaten and impose tariffs at a moment's notice, but it won't end gnawing uncertainty for trade partners or companies. Trump responded within hours to the ruling on Friday, slapping a new 10% tariff on all imports and ordering new trade investigations that could lead to additional levies in months, while insisting that trade and investment deals reached with nearly 20 ...