US To Stop Collecting Tariffs From Tuesday Following Supreme Court Order

Key Highlights

• The halt in tariff collections begins at 12:01 a. m. EST on Tuesday.
• The Supreme Court ruled the tariffs imposed by the Trump administration illegal.
• Tariffs included a 10% rate on imports, later raised to 15% by Trump.
• The decision affects all countries including India.
• The Customs agency will deactivate tariff codes associated with the prior administration's tariffs.