In a significant shift after the recent Supreme Court ruling, the US Customs and Border Protection (CBP) has announced that it will stop the collection of specific duties imposed under President Donald Trump. Effective Tuesday, all existing tariff codes related to the International Emergency Economic Powers Act (IEEPA) will be deactivated, leading to a halt in the levies that have been in place. This decision follows the Court's ruling deeming these particular tariffs illegal, prompting the CBP to take action and notify logistics companies of these changes.

The Supreme Court's decision came more than three days prior, challenging the legality of the tariffs previously instituted by Trump, which led to new tariffs being imposed almost immediately under a different legal basis, set at 15 percent. This rapid response highlights the administration's continuing efforts to navigate trade relations and economic policies, albeit under shifting legal frameworks. Furthermore, Treasury Secretary Scott Bessent confirmed that the revenue from tariffs for this year and beyond would remain unchanged despite the recent legal developments.

There remains the question of refunds for tariffs already collected, which will now be determined by lower courts according to Bessent. The evolving situation reflects the complexities of implementing trade regulations and the significant implications for businesses affected by these duties. As the Customs authority adjusts its policies in light of judicial rulings, stakeholders in the trade and logistics sectors must stay informed of how these changes might impact their operations moving forward.