NonilexFeb 23

#US to stop collecting #tariffs deemed illegal by #SCOTUS on Tuesday

The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act [#IEEPA] at 12:01 AM EST on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal.

#law #Trump #judiciary #economy #trade #geopolitics
https://www.reuters.com/world/us/us-customs-agency-stop-collecting-tariffs-deemed-illegal-by-supreme-court-2026-02-23/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

Show threadNonilexFeb 23

#CBP said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all #tariff codes associated with Trump's prior #IEEPA related orders as of Tuesday.

The IEEPA tariff collection halt coincides with Trump's imposition of a new, 15% global tariff under a different legal authority to replace the ones struck down by #SCOTUS on Friday.

#law #Trump #judiciary #economy #tariffs #trade #geopolitics

Show threadNonilexFeb 23

#CBP gave no reason why it was continuing to collect the #tariffs at ports of entry days after #SCOTUS’ ruling, & its message offered no information about possible #refunds for importers.

The message noted that the collection halt does not affect any other tariffs imposed by #Trump, including those under the Section 232 national security statute & the Section 301 unfair trade practices statute.

#law #judiciary #economy #trade #geopolitics

Show threadNonilexFeb 23

Under the #law #Trump has now invoked, Section 122 of the #Trade Act of 1974, #tariffs may last only 150 days unless #Congress extends them. And they’re capped at 15%, so Trump cannot raise them again.

Now that #SCOTUS deemed the old tariffs illegal, do the businesses that paid them get their money back?

#law #economy #inflation #affordability #CostOfLiving #business #geopolitics

Show threadNonilex

The #Trump #admin is expected to argue in court that companies lack standing to claim a refund if they passed the #tariff #costs to #consumers by charging more — which would be a hell of a thing considering Trump swore up & down that other countries were paying the #tariffs & that consumers wouldn’t be affected.

#law #SCOTUS #economy #inflation #affordability #CostOfLiving #business #geopolitics

Feb 23 at 2:07pmWeb
Show threadNonilexFeb 23

But if a company didn’t charge #consumers more, would the government get to keep the now-invalidated tax? It’s an open question, & thousands of companies have filed lawsuits arguing they deserve #refunds. This could take years to litigate.

#law #Trump #SCOTUS #economy #inflation #affordability #CostOfLiving #tariffs #business #geopolitics

Show threadNonilexFeb 23

The fate of billions of dollars in duties collected by the #UnitedStates remains up in the air. #SCOTUS left it to the US Court of International Trade [#CIT] & lower courts to figure out refund proceedings. Obviously #Trump was also unsure of how the process would work.

#law #economy #inflation #affordability #CostOfLiving #tariffs #business #geopolitics

Show threadNonilexFeb 23

Countries that had struck trade deals with #Trump to get lower tariff rates may now stuck with them. Last week, #Japan committed to $36 billion in investments in the #UnitedStates & #Indonesia signed an agreement in Washington under threat of damaging levies. The #SCOTUS ruling has left their leaders wondering if their agreements will stand.

#law #economy #inflation #affordability #CostOfLiving #tariffs #trade #business #geopolitics

Show threadNonilexFeb 23

In #Europe, officials had hoped that this year would bring stability to international #trade after a chaotic 2025, but the ruling now leaves last year’s trade deal between the #EU & the #US in flux. With questions of refunds & Trump’s new unilateral #tariffs, European leaders are closely watching Trump’s next move.

#law #SCOTUS #economy #inflation #trade #affordability #CostOfLiving #business #geopolitics

Show threadNonilexFeb 23

For #Canada, the most detrimental #tariffs remain in place. #US levies aimed at Canadian manufacturers — including the #automotive, #steel & #aluminum industries — & the #lumber sector were imposed under a different law & are unaffected by the court’s ruling.

#law #Trump #SCOTUS #economy #inflation #affordability #CostOfLiving #business #geopolitics

Show threadPer Jakobsen (no anonymity)Feb 23

@Nonilex

Yeah, wish we all had better things to do, than watching every of his crazy moves.🙂

Show threadClinton Anderson SwordForHireFeb 23

@Nonilex

Best used to pay reparations

First to Aboriginal Americans (If there are even any left) and then African Americans whose blood and bodies did ALL the labour to build that country in the first place.

Show threadWaldorfFeb 23
@Nonilex After 6 business bankruptcy's, 22 bank loan defaults and flying a regional airline into the ground, it should be obvious that Trump has no idea how ANY economic process works!
Show threadNed HamsonFeb 23
@Nonilex it should not take years… companies have receipts for tariffs they paid. Bo trials just a judge readings receipts and issuing order and time table for refund.
Show threadFurballsNHairballsFeb 23
@Nonilex
The word amateur belongs with words like radio, not White House staff and occupants.