US customs agency to stop collecting tariffs deemed illegal by Supreme Court on February 24

The United States Customs and Border Protection agency will stop collecting tariffs deemed illegal by Supreme Court on Tuesday.

The agency will halt collections ⁠of tariffs imposed under ‌the International ​Emergency Economic Powers Act at 12:01 am EST (0501 GMT) on Tuesday, ​more ⁠than three days after the US Supreme Court declared the duties illegal.

In a message to shippers on its Cargo Systems Messaging ⁠Service, CBP said it will de-activate all tariff codes associated with US President Donald Trump's prior IEEPA-related orders.

The IEEPA tariff collection halt coincides ⁠with ⁠Trump's imposition of a new, 15 per cent global tariff under a different legal authority to replace the ones ​struck down by ​the Supreme ​Court on Friday.

United States President Donald Trump announced on Saturday that he is raising the tariffs on goods entering United States from 10 per cent to 15 per cent 'effective immediately'.

Taking to Truth Social, Trump wrote, "I, as President of the United States of ⁠America, ⁠will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), ​to the fully allowed, and legally ​tested, 15% level."

(With Reuters inputs)