The US will stop collecting duties deemed illegal by the Supreme Court

Dmitro Shevchuk
Dmitro Shevchuk Executive Editor
The US will stop collecting duties deemed illegal by the Supreme Court
Shipping containers from China sit at the Port of Los Angeles in San Pedro, California, U.S., November 5, 2025. REUTERS Mike Blake
The US Customs and Border Protection announced that it will stop collecting duties imposed under the International Emergency Economic Powers Act starting Tuesday. The decision will take effect at 00:01 Eastern Time.

U.S. Customs and Border Protection announced that it will stop collecting duties imposed under the International Emergency Economic Powers Act at 00:01 Eastern Time on Tuesday. This comes more than three days after the U.S. Supreme Court ruled the duties illegal.

In a notice to carriers via the Cargo Systems Messaging Service, the agency said that all tariff codes related to previous President Donald Trump's orders under the IEEPA would be deactivated as of Tuesday.

The end of IEEPA tariffs coincides with the entry into force of a new global tariff of 15 per cent, which Donald Trump introduced under a different legislative mechanism to replace the tariffs overturned by the Supreme Court.

U.S. Customs and Border Protection did not explain why it continued to collect duties at ports of entry for several days after the court's decision. The announcement also does not contain information about possible compensation for importers.

The agency clarified that the termination of IEEPA duties does not apply to other duties imposed by Donald Trump, including those under Section 232 on national security and Section 301 on unfair trade practices.

U.S. Customs and Border Protection stated that it would provide additional clarification to the trade community through CSMS messages as needed.

According to economists at Penn Wharton Budget Model, the Supreme Court's decision could make more than $175 billion in U.S. budget revenues from IEEPA tariffs subject to possible refunds. According to their calculations, these tariffs generated more than $500 million in gross revenue per day.

Share tittle
Politics
British Prime Minister Andy Burnham has agreed to the use of military bases for selected US strikes against Iran
Politics

British Prime Minister Andy Burnham has agreed to the use of military bases for selected US strikes against Iran

The new British Prime Minister, Andy Burnham, has backed the decision to allow the United States to use British military bases for targeted strikes against Iran, which London describes as defensive. This approach continues the policy of the previous government.

22.07.2026
Foreigners may only be allowed to work in Ukraine in sectors where there is a shortage of Ukrainians
Politics

Foreigners may only be allowed to work in Ukraine in sectors where there is a shortage of Ukrainians

Ukraine is considering the possibility of recruiting foreign workers due to an acute labour shortage, but they must not compete with Ukrainians for jobs. A proposal has been put forward in the Verkhovna Rada to allow the employment of foreign nationals only in those sectors where vacancies cannot be filled by domestic workers.

22.07.2026
Putin is only prepared to return to the negotiating table once the Donbas has been seized — Bloomberg
Politics

Putin is only prepared to return to the negotiating table once the Donbas has been seized — Bloomberg

The Russian leader, Vladimir Putin, is prepared to continue peace talks only once the Russian Federation has seized the whole of Donbas. The Russian Ministry of Defence is assuring him that this can be achieved by 2026, but rank-and-file soldiers disagree.

22.07.2026
The Lithuanian Defence Minister has stated that Russia may regard the Baltic states and Poland as its next targets
Politics

The Lithuanian Defence Minister has stated that Russia may regard the Baltic states and Poland as its next targets

Lithuanian Defence Minister Robertas Kaunas has stated that, as the war against Ukraine has not yielded the expected results, the Kremlin may seek a further escalation. According to him, Russia may regard the Baltic states and Poland as its next potential targets.

22.07.2026
Ihor Skybyuk is to become the new Chief of the General Staff of the Armed Forces of Ukraine
Politics

Ihor Skybyuk is to become the new Chief of the General Staff of the Armed Forces of Ukraine

Major General Ihor Skybyuk is to become the new Chief of the General Staff of the Armed Forces of Ukraine. The personnel decisions regarding the reshuffle of the military leadership are due to be formalised on 22 July.

22.07.2026
Economy
All the electricity put up for sale was sold at the long-term auction
Economy

All the electricity put up for sale was sold at the long-term auction

Energoatom and Ukrhydroenergo have sold all the electricity volumes offered at the first special long-term auctions. In total, the state-owned companies sold 462,148 MWh, to be supplied between August and December 2026.

22.07.2026
The IMF has postponed the introduction of VAT for sole traders until 2028: what will change
Economy

The IMF has postponed the introduction of VAT for sole traders until 2028: what will change

The International Monetary Fund has agreed to postpone the introduction of value added tax (VAT) for sole traders operating under the simplified tax system. Instead of January 2027, the new rules are due to come into force on 1 January 2028.

22.07.2026
After the war, the military levy may be replaced by a reconstruction tax — the government is discussing the idea with the IMF
Economy

After the war, the military levy may be replaced by a reconstruction tax — the government is discussing the idea with the IMF

The Ukrainian government is considering replacing the current 5 per cent military levy with a special tax for post-war reconstruction. This option is included in the updated Memorandum of Cooperation between Ukraine and the International Monetary Fund.

22.07.2026
Court overturns 4 million fine following an inspection of ‘Tekhno Yizhak’
Economy

Court overturns 4 million fine following an inspection of ‘Tekhno Yizhak’

During a retrial, the Kharkiv District Administrative Court quashed a tax penalty of 4,038,423 hryvnias imposed on a business owner following an inspection of a shop in the centre of Odesa. The decision was based on irregularities in the way the inspection was arranged, rather than on a refutation of the tax authorities’ claims regarding the accounting of goods.

22.07.2026
The Innovation Development Fund plans to purchase 860 Starlink Mini units for 17 million
Economy

The Innovation Development Fund plans to purchase 860 Starlink Mini units for 17 million

The Innovation Development Fund has announced a tender for the purchase of 860 Starlink Internet Satellite Mini satellite modems or their equivalents. The maximum funding amount for the purchase, including VAT, is 17.028 million hryvnias.

22.07.2026