U.S. Customs and Border Protection (U.S. border agency) to Halt IEEPA (U.S. emergency economic law) Tariff Collection Feb 24

U.S. Customs and Border Protection (CBP) announced it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) at 12:01 a.m. ET on February 24 after the U.S. Supreme Court ruled the tariffs illegal. The decision ends enforcement of the emergency-based tariff framework at the border. At the same time, new 15% global tariffs are being introduced under separate legal authority, indicating a shift in the statutory basis for U.S. trade measures rather than a full rollback of tariff policy.

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