U.S. Ends IEEPA Tariffs Including Fentanyl and Reciprocal Duties

The U.S. Customs and Border Protection (CBP) announced late on February 22, 2026, Eastern Time (February 23, Beijing Time) that it will terminate the collection of tariffs imposed under former President Trump's International Emergency Economic Powers Act (IEEPA). The change, effective at 12:01 a.m. Eastern Time on February 24, 2026 (1:01 p.m. Beijing Time), halts both reciprocal tariffs and fentanyl-related duties for all countries, including China, where the 10% fentanyl tariff and 10% reciprocal tariff will no longer apply.

According to the official CBP guidance, the termination covers duties imposed under the following executive orders:

• Executive Order 14193, Imposing Duties To Address the Flow of Illicit Drugs Across Our Northern Border, 90 Fed. Reg. 9113 (Feb. 1, 2025), as amended;

• Executive Order 14194, Imposing Duties To Address the Situation at Our Southern Border, 90 Fed. Reg. 9117 (Feb. 1, 2025), as amended;

• Executive Order 14195, Imposing Duties To Address the Synthetic Opioid Supply Chain in the People's Republic of China, 90 Fed. Reg. 9121 (Feb.1, 2025), as amended;

• Executive Order 14245, Imposing Tariffs on Countries Importing Venezuelan Oil; 90 Fed. Reg. 13829 (Mar.24, 2025);

• Executive Order 14257, Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and

Persistent Annual United States Goods Trade Deficits, 90 Fed. Reg. 15041 (Apr. 2, 2025), as amended;

• Executive Order 14323, Addressing Threats to the United States by the Government of Brazil, 90 Fed. Reg. 37739 (July 30, 2025); and

• Executive Order 14329, Addressing Threats to the United States by the Government of the Russian Federation, 90 Fed, Reg. 38701 (Aug. 6, 2025), as amended.

The CBP clarified that this executive order only ends IEEPA-related tariffs. Other existing duties, such as Section 232 tariffs on steel, aluminum, copper, and automotive parts, and Section 301 tariffs on China, remain in effect. Section 301 tariffs range from 7.5% to 100% depending on the product, while Section 232 tariffs cover 30% of U.S. imports with rates from 10% to 50%.

CBP will update the Automated Commercial Environment (ACE) system to deactivate all U.S. Harmonized Tariff Schedule (HTSUS) codes associated with IEEPA tariffs starting February 24. Notably, shipments declared within ten days prior to February 24 may also avoid IEEPA duties. Although customs filings must still include IEEPA tariff codes to ensure clearance, importers have nine days after release to amend their filings without paying the duties. After ten days, payment is required before submitting a refund request.

Refunds for previously paid IEEPA tariffs remain unresolved. The U.S. Supreme Court has not yet ruled on the matter, leaving it to the U.S. Court of International Trade (CIT) to determine whether large-scale refunds will be allowed and how they would be processed. Observers note this unprecedented termination of tariffs involving substantial sums raises questions about potential partial refunds for certain companies.