The U.S. Customs and Border Protection (CBP) agency announced it will cease collecting tariffs implemented during Donald Trump’s presidency, following a Supreme Court ruling that deemed these tariffs illegal. This decision, effective February 24, marks a significant shift in U.S. trade policy.
On February 20, the Supreme Court ruled against the extensive global tariffs that Trump had imposed under the International Emergency Economic Powers Act (IEEPA). In response, the CBP stated that it would deactivate all tariff codes associated with Trump’s previous directives.
This suspension coincides with the introduction of a new 15% global tariff based on a different legal framework, a move announced by Trump shortly after the Supreme Court’s decision. The implications of this new tariff structure remain to be seen.
In the wake of these developments, the European Commission has called for clarity from the U.S. administration regarding future trade policies. The Commission’s request comes amid concerns about the potential impact of the new tariffs on transatlantic relations.
Additionally, the European Parliament is reportedly considering pausing the ratification of a trade agreement with the United States due to the ongoing uncertainty and what has been described as a “tariff chaos” stemming from Trump’s administration.
The U.S. Customs and Border Protection will stop enforcing tariffs introduced by Trump after a Supreme Court ruling declared them illegal. This change aligns with a new 15% global tariff, prompting the European Commission to seek clarity on U.S. trade policies amid concerns over ongoing tariff disputes.
Source: Європейська правда