On February 23, 2026, U.S. Customs and Border Protection (“CBP”) published a CSMS containing additional guidance on the 10% duties imposed by the President pursuant to Section 122 of the Trade Act of 1974 (“Section 122”) against all imports from all countries (see February 20, 2026 Executive Order “Imposing a Temporary Import Surcharge”).
Following the U.S. Supreme Court’s ruling that the President cannot impose tariffs under the International Emergency Economic Powers Act (“IEEPA”), U.S. Customs and Border Protection (“CBP”) confirmed it will stop collecting all duties imposed pursued to IEEPA at 12:00 a.m. ET on February 24, 2026.
In a CSMS message, CBP said all Harmonized Tariff
On Friday February 20, 2026, just a few hours after the Supreme Court struck down the validity of the International Emergency Economic Powers Act (“IEEPA”) tariffs that have been in place since February 2025, the White House issued multiple executive orders (“EO”).
On, February 20, 2026, the U.S. Supreme Court issued its opinion in Learning Resources v. Trump, which challenged the President’s imposition of tariffs under the International Emergency Economic Powers Act (“IEEPA”). The Court ruled 6-3 that the IEEPA statute, which permits the President “to regulate . . . importation” does not confer any tariff-setting
On February 12, 2026, the United States and Taiwan signed an Agreement on Reciprocal Trade (“ART”) formalizing the Memorandum of Understanding (“MOU”) signed on January 15, 2026.
As part of the deal, the IEEPA reciprocal tariff rate for Taiwan will be reduced from 20 percent to 15 percent inclusive of the most favored nation rate
On January 9, 2026 the United States and Bangladesh announced that the countries will enter into Agreement on Reciprocal Trade (“ART”) which will reduce tariffs on certain imports from Bangladesh in exchange for significant market access commitments by the South Asian country.
The United States will maintain a 19 percent reciprocal tariff rate for imports
On February 6, 2026, President Trump signed an executive order, Addressing Threats to the United States by the Government of Iran, which authorizes the imposition of tariffs on goods imported from any country that “directly or indirectly purchases, imports, or otherwise acquires goods or services from Iran.” The order is effective at 12:01 a.m.
On February 6, 2025, President Trump signed an executive order titled Modifying Duties to Address Threats to the United States by the Government of the Russian Federation, rescinding the 25% IEEPA tariff imposed on India for its purchases of Russian oil, effective at 12:01 a.m. on February 7, 2025. The order allows for duty
A new lawsuit has been filed at the U.S. Court of International Trade (“CIT”), challenging how U.S. Customs and Border Protection (“CBP”) has been valuing and applying Section 232 tariffs on imported steel and aluminum derivative products.
On January 15, 2026, the U.S. Department of Commerce announced that the United States and Taiwan reached a trade agreement. As part of the deal, Taiwanese semiconductor and technology companies will invest at least $250 billion to expand production capacity within the United States, with the Taiwanese government providing $250 billion in credit guarantees to