Editor’s Note
This article reports on a significant policy announcement from U.S. Customs and Border Protection regarding the collection of tariffs. We are actively seeking further details and official documentation to provide a complete and accurate account. The story will be updated as more information becomes available.
The US Customs and Border Protection (CBP) agency has stated it will stop collecting tariffs starting Tuesday. Let’s learn more about this in detail.
The US Customs and Border Protection agency has announced that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) effective Tuesday at 12:01 AM Eastern Standard Time (0501 GMT), more than three days after the US Supreme Court declared these tariffs illegal.
The agency informed shippers in a message on its Cargo Systems Messaging Service (CSMS) that it would deactivate all tariff codes associated with former President Donald Trump’s IEEPA-related orders starting Tuesday. The halt on IEEPA tariff collection coincides with Trump imposing a new 15% global tariff under a separate legal authority, replacing the tariffs struck down by the Supreme Court on Friday.
CBP did not provide any reason for why it continued to collect duties at ports of entry for several days after the Supreme Court’s decision, and its message contained no information about potential refunds for importers.
The agency said, “CBP will provide additional guidance to the trade community via CSMS messages as necessary.”
Reuters reported on Friday that following the Supreme Court’s decision, the US Treasury faces potential refunds exceeding $175 billion in revenue from IEEPA tariffs. This estimate was made by economists from the Penn-Wharton Budget Model. Their forecast model-based estimates revealed that IEEPA-based tariffs were generating over $500 million in gross revenue daily.