Shipping cranes stand above container ships loaded with shipping containers at the Port of Los Angeles, Calif. Mario Tama/Getty Images
The United States will stop collecting tariffs that the U.S. Supreme Court ruled were illegal because they were imposed under the International Emergency Economic Powers Act (IEEPA), Customs and Border Protection (CBP) said on Feb. 22.
President Donald Trump last year invoked the IEEPA to impose tariffs, citing the need to regulate international transactions to respond to “an unusual and extraordinary threat” to national security. But the Supreme Court ruled on Feb. 20 that the law does not clearly authorize tariffs.
