More than three days after the Supreme Court’s ruling, the US Customs and Border Protection agency will cease collecting duties that the court declared unlawful on Tuesday.
In a 6-3 ruling on Friday, the US Supreme Court reportedly overturned President Donald Trump’s tariffs, ruling that he lacked 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 suspended.
The time coincides with Trump enacting a new 15% global tariff in lieu of the one the Supreme Court overturned, citing a different legal authority.
After the Supreme Court ruled that the levies were illegal, Customs and Border Protection continued to collect them at US ports for days without providing an explanation, according to information obtained by Naija News. Also, the agency made no mention of refunds for importers.
The agency clarified that any other tariffs Trump has imposed, such as those based on unfair trade practices statutes and national security laws, are unaffected by the suspension of these collections.
As needed, CBP will send out CSMS bulletins with more guidance to the trade community, the agency stated.
According to Penn Wharton Budget Model economists, the emergency powers tariffs increased the US Treasury’s revenue by about $133 billion. According to their calculations, before the Supreme Court stepped in, the levies were generating almost $500 million every day.
As businesses wait to find out if they may get refunds for tariffs that the country’s top court claims the government collected without the right permission, all that money is currently in legal limbo.
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