India, Feb. 23 -- In a major shift for global trade policy, the US Customs and Border Protection (CBP) confirmed it will stop collecting tariffs that the Supreme Court ruled illegal, effective 12:01 a.m. EST on February 24, 2026.

This action ends a period in which importers were still paying duties on shipments, even after the high court struck down the Trump administration's authority to impose those tariffs under the International Emergency Economic Powers Act (IEEPA).

Why Are Trump's IEEPA Tariffs Being Dropped? The Supreme Court's 6 3 decision found that the president exceeded his constitutional power by using IEEPA, a law intended for national emergencies, to impose broad tariffs on imported goods. The justices ruled that only Cong...