More than three days after the Supreme Court’s ruling on Tuesday, the US Customs and Border Protection agency will cease collecting duties that the court declared unlawful.
The US Supreme Court reportedly ruled 6-3 on Friday to overturn President Donald Trump’s tariffs, concluding that he lacks the right to impose import duties under emergency powers.
Through its Cargo Systems Messaging Service, the border agency informed shippers that, as of Tuesday am, all tariff codes associated with Trump’s emergency powers measures will be disabled.
The date coincides with Trump’s implementation of a new 15% global tariff, bypassing the Supreme Court’s decision by utilizing a different legal authority.
According to information obtained by Naija News, Customs and Border Protection has not provided an explanation for why it continued to collect the levies at US ports for a number of days following the Supreme Court’s ruling that they were illegal. Regarding whether importers will receive refunds, the agency again made no mention.
The government clarified that halting these collections has no bearing on any other tariffs Trump has imposed, including those based on prohibitions against unfair trade practices and national security.
As needed, CBP will provide CSMS messages to the trade community with additional instructions, the agency stated.
More than $133 billion was raised for the US Treasury by the emergency powers tariffs, according to economists at the Penn Wharton Budget Model. According to their estimations, the tariffs were generating almost $500 million daily before to the Supreme Court’s intervention.
As businesses wait to find out if they may get reimbursement for tariffs that the country’s top court claims the government collected without the right permission, all of that money is currently in legal limbo.
