#US to stop collecting #tariffs deemed illegal by #SCOTUS 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 [#IEEPA] at 12:01 AM EST on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal.

#law #Trump #judiciary #economy #trade #geopolitics
https://www.reuters.com/world/us/us-customs-agency-stop-collecting-tariffs-deemed-illegal-by-supreme-court-2026-02-23/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

#CBP said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all #tariff codes associated with 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 #SCOTUS on Friday.

#law #Trump #judiciary #economy #tariffs #trade #geopolitics

#CBP said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all #tariff codes associated with 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 #SCOTUS on Friday.

#law #Trump #judiciary #economy #tariffs #trade #geopolitics

#US to stop collecting #tariffs deemed illegal by #SCOTUS 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 [#IEEPA] at 12:01 AM EST on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal.

#law #Trump #judiciary #economy #trade #geopolitics
https://www.reuters.com/world/us/us-customs-agency-stop-collecting-tariffs-deemed-illegal-by-supreme-court-2026-02-23/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

"Today, I will sign an order to impose a 10% global tariff under Section 122, over & above our normal tariffs already being charged," #Trump said referring to section 122 of the Trade Act of 1974 — which could let the admin continue its tariffs without #IEEPA emergency powers.

He also said all “national security” tariffs under Section 301 remain in place & several “investigations” will be initiated.

#law #economy #tariffs #inflation #affordability #CostOfLiving #geopolitics #Trump #SCOTUS

"Today, I will sign an order to impose a 10% global tariff under Section 122, over & above our normal tariffs already being charged," #Trump said referring to section 122 of the Trade Act of 1974 — which could let the admin continue its tariffs without #IEEPA emergency powers.

He also said all “national security” tariffs under Section 301 remain in place & several “investigations” will be initiated.

#law #economy #tariffs #inflation #affordability #CostOfLiving #geopolitics #Trump #SCOTUS

#Canada reacting exactly as we all should∶

“The Supreme Court’s decision to strike down the use of #IEEPA tariff powers is a legal ruling, not a reset of #US #trade policy. This is certainly not the last chapter of this never-ending story,” said Candace Laing, the president & chief exec of the Canadian Chamber of Commerce. “Canada should prepare for new, blunter mechanisms to be used to reassert trade pressure, potentially with broader & more disruptive effects.”

#law #SCOTUS #Trump #tariffs

#Canada reacting exactly as we all should∶

“The Supreme Court’s decision to strike down the use of #IEEPA tariff powers is a legal ruling, not a reset of #US #trade policy. This is certainly not the last chapter of this never-ending story,” said Candace Laing, the president & chief exec of the Canadian Chamber of Commerce. “Canada should prepare for new, blunter mechanisms to be used to reassert trade pressure, potentially with broader & more disruptive effects.”

#law #SCOTUS #Trump #tariffs