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

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

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

WASHINGTON, Feb 23 (Reuters) – 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.

CBP said in a message to shippers ​on its ​Cargo ​Systems Messaging Service ‌that it will de-activate all tariff codes associated with President Donald 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 ​the ‌Supreme Court on Friday.

(Reporting ​by David Lawder; Editing ​by Christian Schmollinger)

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