Recently, U.S. Customs and Border Protection (CBP) officially issued CSMS #67834313, confirming the termination of additional ad valorem tariffs imposed under the International Emergency Economic Powers Act (IEEPA), effective 12:01 a.m. Eastern Time on February 24, 2026. This decision marks the formal cessation of a series of emergency tariff measures previously enacted, including those related to "fentanyl tariffs" and "reciprocal tariffs."

   Termination of "Fentanyl Tariffs" and "Reciprocal Tariffs"   

       This adjustment stems from the Presidential Executive Order "Ending Certain Tariff Actions" issued on February 20, 2026. The announcement clarifies that, effective from the specified time, all relevant tariff measures implemented under the IEEPA framework will no longer be valid, and no additional tariffs will be levied on imported goods entering consumption or withdrawn from bonded warehouses for consumption.

       The terminated tariff measures cover a broad range, including executive orders targeting illegal drug flows across the northern border, security issues at the southern border, alleged Chinese synthetic opioid supply chains, Venezuela oil-related trade, and previously implemented "reciprocal tariffs." Additionally, IEEPA tariff measures related to the governments of Brazil and Russia are also included in this termination.

       CBP stated that it will simultaneously update the Automated Commercial Environment (ACE) system to deactivate the corresponding IEEPA tariff codes in the Harmonized Tariff Schedule of the United States (HTSUS). Effective February 24, these tariff items will automatically become invalid in the customs declaration system.

       For global trade and supply chains, this move carries significant implications. IEEPA tariffs had been used as policy tools in various trade frictions and geopolitical contexts, involving multiple major trading partners and key commodities. This comprehensive termination represents a phased withdrawal of tariff measures implemented under the U.S. emergency economic powers framework.

       Import costs for relevant goods will decrease noticeably, particularly for categories previously affected by "fentanyl tariffs" and "reciprocal tariffs." For cross-border e-commerce, manufacturing importers, and energy-related trading enterprises, cash flow pressures are expected to ease in the short term.

       However, policy uncertainty remains. The announcement also notes that the U.S. government will evaluate and announce new tariff measures compliant with legal frameworks in the coming months. In other words, this termination does not necessarily signal a shift toward more lenient overall U.S. trade policy, but rather represents an adjustment in legal pathways and policy tools.

       Overall, February 24 will become a significant milestone in recent U.S. trade policy. For global exporters and logistics companies, promptly adjusting quotations, customs codes, and contract terms will become critical priorities in the period ahead.