US to stop collecting tariffs struck down by Supreme Court
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The United States has said that it will stop collecting global tariffs from Tuesday, four days after the country’s Supreme Court ruled that President Donald Trump had exceeded his authority in imposing the levies.
In a message on its Cargo Systems Messaging Service, the US Customs and Border Protection agency stated that all tariff codes pertaining to the levies will be deactivated.
In a 6:3 verdict on Friday, the Supreme Court said that the 1977 International Emergency Economic Powers Act, which Trump had invoked for the levies, “does not authorise the president to impose tariffs”.
Soon after the ruling, Trump signed a proclamation imposing a temporary 10% levy on articles imported into the US.
On Saturday, the US president said he was increasing global tariffs to 15% with immediate effect.
However, it was unclear as to when the increased tariff rate would take effect, as the original 10% rate announced on Friday was to be enforced on February 24.
The new tariffs are to take effect for a maximum of 150 days, unless the US Congress approves an extension. This, however, has left the status of recently signed trade deals with other countries unclear.
On Sunday, the US Customs and Border Protection agency stated that the halt on collection of tariffs does not affect other levies imposed by Trump.
On Friday, Trump said that with...