Overview
- U.S. Customs and Border Protection stopped collecting the tariffs struck down by the Court at 12:00 a.m. on February 24 and began collecting the new 10% levy at that time.
- The White House based the replacement tariff on the Trade Act of 1974; President Trump has said he plans to raise the rate to 15%, though no decree for the increase has been issued.
- Imports from Canada and Mexico under existing arrangements and pharmaceuticals are excluded, and previously announced sectoral tariffs remain in place.
- The European Parliament moved to suspend implementation of the 2025 EU–U.S. agreement, while China urged Washington to cancel unilateral duties.
- The ruling raises prospects of refunds for past collections that totaled more than $130 billion in 2025, and FedEx has filed suit against the government.