🚨Major Tariff Alert🚨

IEEPA tariffs are ending

• CBP will stop collecting IEEPA duties effective 12:00 a.m. ET on February 24, 2026

• This change applies to goods entered or withdrawn for consumption on or after the effective time

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This change does not impact other trade remedies

• Section 232 duties

• Section 301 duties

• AD/CVD duties, etc…

 

New Tariff Under Section 122

 

The Administration issued a proclamation imposing a temporary tariff under Section 122 of the Trade Act of 1974:

• Rate: 10% (currently in the proclamation)

• Effective Date: 12:01 a.m. ET on February 24, 2026

• Duration: Up to 150 days

• Note: A social media announcement referenced a possible increase to 15%, but no formal amendment has been published as now.

   

De Minimis Policy

There are no changes to the De Minimis Polcy at this time.

 

Refunds

• The Supreme Court decision did not address whether importers may obtain refunds of previously paid IEEPA duties

• Further guidance is expected from the Court of International Trade and/or CBP

• At this time, no refund procedures have been announced

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