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US to suspend collection of certain tariffs from Tuesday

US Customs will halt collection of certain tariffs from Tuesday, following a Supreme Court ruling that struck down parts of the president’s tariff policy.

WASHINGTON: US Customs and Border Protection announced it will suspend the collection of certain tariffs imposed under emergency powers from 0500 GMT on Tuesday.

This move comes three days after the US Supreme Court barred the president from imposing tariffs under the International Emergency Economic Powers Act (IEEPA) on several trading partners, ruling he had exceeded his authority.

The customs authority explained that all tariff codes associated with the previous IEEPA tariffs would be deactivated for goods imported or withdrawn from customs warehouses from the effective date.

It was initially unclear why the duties continued to be collected for several days despite the court ruling, and no information was provided regarding possible refunds for tariffs already paid.

Following Friday’s Supreme Court decision, the president promptly introduced a new global import tariff of 10%, which he later increased to 15% in a Saturday post on the social media platform Truth Social.

These new levies are based on a separate 1974 trade law permitting temporary tariffs of up to 150 days under specific conditions.

The customs authority emphasised that other US import tariffs remain unaffected, including those imposed for national security reasons or in response to unfair trade practices.

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