ENDING CERTAIN TARIFF ACTIONS

On February 20, 2026, President Donald J. Trump issued an Executive Order terminating the collection of specific additional ad valorem import duties that were previously imposed under the International Emergency Economic Powers Act (IEEPA). These duties, which stemmed from several Executive Orders issued in 2025 and 2026, were originally put in place to address national emergencies related to illicit drugs, border issues, synthetic opioid supply chains, Venezuelan oil imports, trade deficits, and perceived threats from various foreign governments including Brazil, Russia, Cuba, and Iran.The order states that "in light of recent events," these particular IEEPA-imposed duties are no longer in effect. However, it explicitly clarifies that all other actions taken under those prior Executive Orders that do not involve IEEPA duties, as well as the underlying national emergencies themselves, remain active. Notably, a separate Executive Order from February 20, 2026, which continues the suspension of duty-free de minimis treatment for low-value shipments, and a Proclamation from the same date imposing a new temporary import surcharge to address international payments problems, are unaffected by this new order. The order directs relevant agencies to immediately cease collecting these specified IEEPA duties.