US to stop levying Trump’s previous tariffs from February 24, instead levying 15%

The U.S. Customs and Border Protection announced that the collection of duties on imported goods under the Emergency Economic Powers Act (IEEPA) will cease as of 12:00 a.m. Eastern Time on February 24, 2026 (7:00 a.m. Kyiv time on February 24). This was stated on the U.S. Customs website on February 22.

“Duties imposed under IEEPA by presidential orders, including all amendments and supplements, will no longer be in effect and will not be collected on goods imported for consumption or removed from storage for consumption as of 12:00 a.m. Eastern Time on February 24, 2026,” the statement said.

Instead, a new global tariff of 15% will come into effect in the United States on February 24 on goods from all countries. President Donald Trump signed the executive order on February 20. On February 21, he announced an increase in the global tariff rate from 10% to 15%.

Trump imposed the new global tariff under a trade law known as Section 122. Such tariffs can only be in effect for 150 days unless Congress extends them.

The decision was made in response to a February 20 ruling by the U.S. Supreme Court that President Trump violated federal law when he unilaterally imposed massive tariffs ranging from 10% to 50% on trading partners around the world under an emergency powers law in April 2025.

Tags: USA, duties