February 24, 2026 — The U.S. Supreme Court struck down President Donald Trump’s International Emergency Economic Powers Act (IEEPA) tariffs, setting up thousands of companies for a refund, but trade lawyers predict it will likely be months before importers see the money.
U.S. Customs and Border Protection (CBP) sent out a communication indicating as of 12 a.m. Eastern Standard Time on 24 February it stopped collecting duties related to seven different executive orders issued by Trump, all of which fell under the IEEPA. Even though the tariffs have ceased, acquiring a refund could take several months, according to trade lawyers contacted by SeafoodSource.