Feb 23, 2026 – Major Tariff Update Announcement

source: Tariff Tracker | Elleo Global, Inc.

🚨Major Tariff Update🚨

IEEPA tariffs are ending

• CBP will stop collecting IEEPA duties effective 12:00 a.m. ET on February 24, 2026
• This change applies to goods entered or withdrawn for consumption on or after the effective time

This change does not impact other trade remedies

• Section 232 duties
• Section 301 duties
• AD/CVD duties, etc…

New Tariff Under Section 122

The Administration issued a proclamation imposing a temporary tariff under Section 122 of the Trade Act of 1974:

• Rate: 10% (currently in the proclamation)
• Effective Date: 12:01 a.m. ET on February 24, 2026
• Duration: Up to 150 days
• Note: A social media announcement referenced a possible increase to 15%, but no formal amendment has been published as now.

De Minimis Policy

There are no changes to the De Minimis Polcy at this time.

Refunds

• The Supreme Court decision did not address whether importers may obtain refunds of previously paid IEEPA duties
• Further guidance is expected from the Court of International Trade and/or CBP
• At this time, no refund procedures have been announced

READ: CSMS # 67834313 – Ending Collection of International Emergency Economic Powers Act Duties