Source: Ukragroconsult (Ukraine)
US tariffs February 24 2026 will change as the U.S. Customs and Border Protection announced important updates. Moreover, the collection of customs duties on imported goods under the International Emergency Economic Powers Act (IEEPA) will cease at 12:00 a.m. Eastern Time on February 24, 2026 (7:00 a.m. on February 24). This was announced on the US Customs website on February 22.
US Tariffs February 24 2026: IEEPA Cessation Details
“Duties imposed under the IEEPA pursuant to presidential decrees, including all amendments and modifications, will no longer be in effect and will not be levied on goods imported for consumption or removed from inventory for consumption as of 00:00 Eastern Time on February 24, 2012.
New Global Tariff Structure
However, starting February 24, a new global tariff of 15% on goods from all countries will take effect in the US. Furthermore, President Donald Trump signed the corresponding decree on February 20. Additionally, on February 21, he announced an increase in the global duty rate from 10% to 15%.
Trump introduced the new global tariff in accordance with trade law known as Chapter 122. Consequently, such duties can only remain in effect for 150 days unless Congress extends them.
Supreme Court Ruling and Legal Context
The decision was made in response to a February 20 ruling by the U.S. Supreme Court. Specifically, the Court found that President Trump violated federal law when he unilaterally imposed sweeping tariffs ranging from 10% to 50% on trading partners around the world under the 2025 legislation.