U.S. Customs officially announced: Stop collecting fentanyl and "reciprocal tariffs", effective February 24

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U.S. Customs and Border Protection (CBP) recently announced through the Cargo System Message (CSMS) #67834313) publish an announcement,Confirm that all additional tariffs imposed under the International Emergency Economic Powers Act (IEEPA) will be officially terminated starting at 12:01 a.m. Eastern Time on February 24, 2026.This means that a series of tariff measures implemented based on emergency economic powers such as "fentanyl tariffs" and "reciprocal tariffs" will officially cease to be implemented.

This adjustment stems from the President’s Executive Order “Ending Certain Tariff Actions” issued on February 20 and is a response to the previous ruling of the U.S. Supreme Court. The Supreme Court voted 6:3 that the president's imposition of extensive tariffs based on IEEPA lacked clear authorization from Congress and was an ultra vires exercise of executive power, and the relevant tariff measures were not legal.

According to the CBP announcement,From the effective date, all tariff measures implemented under the IEEPA framework will no longer be effective, and no relevant additional tariffs will be levied on imported goods that enter consumption or are withdrawn from bonded warehouses for consumption.CBP also stated that it will simultaneously update the Automated Commercial Environment System (ACE) and deactivate the corresponding IEEPA tariff code in the "Harmonized Tariff Schedule of the United States" (HTSUS). The relevant taxes will automatically become invalid in the customs declaration system.

The tariff measures that were terminated covered a wide range ofThese include multiple executive orders targeting the influx of illegal drugs at the northern border, security issues at the southern border, the so-called Chinese synthetic opioid supply chain, Venezuelan oil-related trade, etc., as well as the "reciprocal tariff" measures that have attracted much attention before.In addition, relevant IEEPA tariffs against the Brazilian and Russian governments are also terminated.

It is worth noting that CBP made it particularly clear in the announcement,This suspension of tariffs under the IEEPA framework does not affect any other tariffs authorized by the Trump administration under other laws, including tariffs implemented under Section 232 of the Trade Expansion Act of 1962 (National Security Tariffs) and Section 301 of the Trade Act of 1974 (Unfair Trade Practices).These measures will remain in effect.

This move has substantial implications for global trade and supply chains. IEEPA tariffs have previously been widely used as a trade policy tool, involving multiple major trading partners and key commodity categories. This comprehensive termination means that the tariff measures implemented by the United States under the emergency economic powers framework will be phased out, and the import cost of related goods will drop significantly, especially the categories previously affected by "fentanyl tariffs" and "reciprocal tariffs". For cross-border e-commerce, manufacturing importers and energy-related trading companies, cash flow pressure is expected to be alleviated in the short term.

At the same time, the issue of tax refunds for paid duties has also attracted attention. According to estimates from the University of Pennsylvania's Wharton Budget Model, the Supreme Court's ruling may expose the U.S. government to a tariff refund risk of up to 5 billion, and related IEEPA tariffs bring the government more than 0 million in revenue every day. Importers can usually file a lawsuit with U.S. Customs and apply for a refund, but the tax refund process involves complex judicial and administrative procedures, and there is great uncertainty in the actual implementation period.

While the IEEPA tariffs are ending, the White House has quickly activated alternative policy tools. On February 20, Trump announced a 10% temporary tariff on global goods in accordance with Section 122 of the Trade Act of 1974. On February 21, he stated that he planned to increase the tax rate to 15%. The validity period of this measure is strictly limited to 150 days. This policy switch means that although tariffs under the IEEPA framework are officially phased out, the United States still maintains overall tariff pressure on imported goods through other legal authorizations.

Market analysts believe that February 24 will become an important time node for U.S. trade policy in the near future, but this termination does not necessarily mean that the overall U.S. trade policy will become looser, but more likely to be an adjustment of legal paths and policy tools. In the coming months, the U.S. government may turn to tools with complete procedures and clear congressional authorization, such as Section 232 and Section 301, to promote tariff policy arrangements that are more industry-specific and legally resilient.

For global exporters and logistics companies, timely adjustment of quotation strategies, updating customs declaration code information, paying close attention to subsequent policy trends, and carefully evaluating the possibility of tax refunds for paid duties will become the focus of work in the coming period.