Washington DC (USA) — The U.S. Customs and Border Protection (CBP) has said it will stop collecting tariffs imposed under ‘The International Emergency Economic Powers Act (IEEPA)’ from February 24 after the U.S. Supreme Court struck a blow to President Trump.
The notice, sent through ‘The Cargo Systems Messaging Service’, states that all tariffs related to President Donald Trump’s previous orders related to IEEPA will be nullified. This decision was announced three days after the US Supreme Court ruled these tariffs illegal. The court’s decision is likely to lead to a large number of claims for refund from importers.
New 15% import tariff will be levied
‘CBP’ clarified that the moratorium is limited to tariffs imposed under the IEEPA and will not affect the 15 percent import duty imposed by the current president under other laws at all, including those imposed under Section 232 of the Trade Expansion Act based on national security grounds and those imposed under Section 301 of the Trade Act, which deals with unfair trade practices.
Trump withdraws 20% levy on vessels passing through the Strait of Hormuz
Porous Borders, Shadow Operatives: Unpacking the Geopolitical Rift in the US-India Intelligence Relations
Prime Minister Modi had prevented Putin from dropping an nuclear bomb on Ukraine in 2022 !
Anti-Terrorism Squad (ATS) raids more than 23 locations in Pune and Pimpri-Chinchwad
Iran attacks oil tankers in the Strait of Hormuz; Indian national killed
If you want to do politics, take off your uniforms and participate in the elections : Maulana Fazlur Rehman