On February 20, 2026, the U.S. Supreme Court invalidated the emergency tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that the authority used to implement them was not legally authorized.
At present, there is no established process for the return of duties previously collected, and no formal guidance has been issued regarding potential reimbursement procedures.
The U.S. Administration has indicated that it may challenge refund claims, which could result in extended legal and administrative proceedings.
The U.S. administration has announced a temporary 15% global tariff under alternative statutory authority (Section 122 of the Trade Act), subject to certain exemptions.
The new 15% surcharge is scheduled to take effect on February 24, 2026, for a period of up to 150 days.
We recommend that customers retain detailed records of all IEEPA duties paid to date, as such documentation may be relevant should a formal recovery process be established.
ICL continues to monitor legal and regulatory developments closely and will provide updates as further clarification becomes available.
For further information please see: https://www.whitehouse.gov/fact-sheets/2026/02/fact-sheet-president-donald-j-trump-imposes-a-temporary-import-duty-to-address-fundamental-international-payment-problems
ICL Global
The information in this ICL Global Update Center is provided for general informational purposes only and does not constitute professional advice. While efforts are made to ensure accuracy and timeliness, the content may contain third-party information or links that are beyond our control and may change without notice. We make no warranties regarding completeness, reliability, or suitability. Readers should verify all information independently before taking any business, financial, or operational action.
