Three days after the Supreme Court of the United States (US) struck down tariffs imposed by President Donald Trump on almost every country, the US Customs and Border Protection (CBP) Agency said it would halt the collection of tariffs.
The collection of tariffs, under the International Emergency Economic Powers Act (IEEPA), will be stopped 0501 GMT on Tuesday, the agency has said in a message to shippers. The message was broadcast by the agency on its Cargo Systems Messaging Service (CSMS).
The message said that it will deactivate all tariff codes associated with President Trump's prior IEEPA-related orders as of Tuesday.
Also Read: US Supreme Court Draws A Line With Trump By Curbing Tariff Powers
The agency has not provided any information on whether there will be any refunds to the importers. The message broadcast on CSMS, however, underscored that the halt on collection won't affect any other tariffs imposed by Trump.
“Including those under Section-232 National Security Statute, and the Section 301 Unfair Trade Practices Statute,” the message read. “The CBP will keep on providing guidance to the trade community through subsequent messages.”
The Supreme Court of the United States on Friday struck down the “Liberation Day” tariffs in a 6-3 vote. The court emphasised that the authority of tariff-setting rests with Congress, not the executive branch.
Trump was quoted as calling the Supreme Court verdict a “disgrace” by media outlets. Hours later, the US president said he would impose global tariffs of 10%, as he continued to rally against the Supreme Court ruling.
On Saturday, however, Trump took to Truth Social and said that the tariffs have now been set to 15%, a temporary solution under Section 122 of the 1974 Trade Act. Now, whether the 15 per cent will be imposed beginning February 24 (the date the 10% tariffs were about to be imposed) or not remains unclear.
Trump called the Supreme Court decision “ridiculous, poorly written, and extraordinarily anti-American.” Meanwhile, the administration is not bound to seek congressional approval for around five months, as per the law.
Also Read: Trump's 15% Global Tariff Illegal? Experts Highlight Legal Recourse After SC's 6-3 Verdict
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